As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world.  Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Corporate Reserving Analyst/Actuary within our Actuarial Reserving team. 

Our Actuarial Reserving team provides essential actuarial support to various stakeholders within the company. Specifically, the Corporate Reserving team plays a critical role in supporting Financial Reporting and Regulatory Compliance. We determine reserves under multiple frameworks, including economic reserving based on market conditions and statutory reserving based on regulatory requirements. Our team delivers accurate and timely reserve estimates for financial reporting purposes, ensuring that the company's reserves align with regulatory standards. This includes adhering to guidelines set by relevant local regulatory bodies.

The successful candidate will report to the Head of Corporate Reserving and assist with a range of Corporate Reserving activities for Sompo.  The Corporate team will support the main quarterly reserving process together with a number of other projects including group wide analytical exercises and reserving deep dive studies. The role will be supported by a dedicated reserving team based in London and New York and will also, sometimes, benefit from access to shared resources from across the Group reserving 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:

• Assist with Quarterly Reserving Responsibilities
  • Contribute to running the quarterly reserving process including assisting with data quality checks, peer review of IBNR selections
  • Lead preparation of best practice reserve materials and outputs provided to key stakeholders, such as the CFO Reserve Meeting and Group Reserve Committee Meeting materials
  • Assist with communications with external auditors, internal audit etc.
• Support with maintenance of reserve platform
  • Understand the workings of the “front end” of the reserve platform to be able to quickly implement selections and judgements
  • Suggest and help to implement improvements to the platform
  • Liaise with wider Sompo-wide initiatives to improve data quality
• Assist with Group-wide analytical projects
  • Examples include implementation of frequency-severity methods, loss ratio movement analysis etc.
• Assist in the provision of reserving inputs for both group and local regulatory needs, including:
  • IFRS17
  • Solvency II Technical Provisions
  • BMA Economic Balance Sheet Technical Provisions
  • Singapore MAS actuarial opinions
  • International Capital Standard calculations

What you’ll bring:

• A qualified actuary or nearly qualified actuary with at least 3 years experience, preferably with strong exposure to reserving
• 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.

Our Benefits

We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents.  Below are a few highlights of our inclusive benefit programs:

• Expansive Health & Wellness Benefits
• Generous Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance

In today’s world, what do we stand for?

We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organizational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment.

About Us

Expert Partners.
Clarity in complexity.
Unwavering commitment.

We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance. Building on Sompo Holdings’ 130 years of innovation, we’re committed to applying all of our experience to simplify yours.

Our dedication to you shows up in the care we put in every detail, working to create a frictionless risk management journey for everyone we serve.

We lead with your priorities, meticulously crafting solutions, sharing insights, and understanding your needs.

Around the world, our 9,000+ employees use their expertise to learn, improve and find clear answers for your complex challenges.

Because when you choose Sompo, you choose the ease of expertise.

To learn more about visit our website at www.sompo-intl.com