Senior Reserving Actuary at Sompo International in London, England, GB

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Senior Reserving Actuary in our Global Review and Analysis (GRA) team.

The main focus areas for the GRA team, which is part of the Reserving Corporate team, are the annual planning exercise, the Plan Review and Sub-Committee, coordinating the Reserving function’s peer review process and overseeing Group level Deep Dive exercises in conjunction with the Corporate Actuarial team.

Location: This position will be based out of our London office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

• Support the annual loss ratio planning review process across all business units
• Support the Head of GRA in producing presentations of the annual business plan review to share with management
• Support the preparation, coordination, and delivery of materials for the quarterly Plan Review Sub-Committee (PRSC).
• Support the Global Reserving Function peer review process.
• Support the Divisional Reserving Deep Dive process where required.
• Support Group level Deep Dive exercises in conjunction with the Corporate Actuarial team, including comparisons to peers and wider market information
• Support ad hoc analysis and deep dives on emerging reserving trends.
• Consolidate reserving inputs to support performance monitoring and plan development.
• Work closely with the finance, FP&A and pricing functions to continually enhance the strength of the overall feedback loop around business planning and review.
• Liaise with divisional reserving teams to gather inputs and ensure consistency of assumptions.
• Produce long-term AvE to support assumption and peer review process.

What you’ll bring:

• An experienced actuary with at least 5 years of experience, preferably in a senior reserving role.
• Excellent interpersonal, written and oral communications skills, including a proven ability to build relationships with senior management and underwriting teams.
• The candidate must be well-organised, with the ability to thrive in a fast-paced environment and consistently meet deadlines without compromising quality.
• Strong IT skills are required, including proficiency with the usual MS Office Products and some programming experience would be beneficial.
• A qualified or nearly qualified actuary.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents.

Below is a summary of some of the benefits we offer, which may vary depending on the country:

• Health & Wellness Benefits
• Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance
• Employee Assistance Program
• Tuition Reimbursement & Professional Qualification benefits

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page

Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.