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

We are seeking a Pricing Actuary for our New York, NY office to join our North America Pricing team. This role will focus on the pricing of specialty products including Ocean Marine, Inland Marine, and Engineered Risk. As the pricing lead, this person will serve as the principal liaison between the pricing team and the underwriters. The selected candidate will have opportunities to work on a diverse range of projects and contribute to the overarching goals of the department.

Main areas of Responsibility:

• Work directly with the underwriters on strategic initiatives.
• Conduct profitability studies to ensure sustainable growth and profitability.
• Collaborate with underwriters to identify pockets of opportunity and remediate underperforming segments.
• Quantify the impact of prior underwriting changes and assess new strategies to improve the portfolio.
• Build predictive models utilizing a mix of internal and external data to deepen business insights.
• Develop and oversee dashboards showcasing key metrics such as rate adjustments, business composition, loss trends, etc.
• Design and oversee data pipelines to improve the team’s analytics capabilities.
• Continuously review and refine the company's rating and pricing models to ensure they are current, accurate, and consistent.
• Provide transactional support as necessary.
• Periodically participate in projects involving other products and group pricing initiatives, ensuring varied exposure and skill enhancement.
• Stay abreast of the latest technological advancements and industry trends to improve existing processes and capabilities.

Qualifications, Skills, and Experience:

• FCAS or near FCAS qualification preferred.
• Outstanding communication and interpersonal capabilities.
• Comprehensive understanding of an insurance company's multifaceted operations.
• Robust analytical and problem-solving aptitude.
• Deep familiarity with standard actuarial methods and best practices.
• Proficiency in Excel and at least one programming language (Python, R, SQL, DAX is a plus).
• Ability to independently handle multiple projects and meet deadlines.
• An individual who is curious, adaptive, open to innovative solutions, and keen on learning is highly desired.

Salary Range: $110,000 - $175,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo International, 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 our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution.
• Pharmacy benefits with mail order options.
• Dental benefits including orthodontia benefits for adults and children.
• Vision benefits.
• Health Care & Dependent Care Flexible Spending Accounts.
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children.
• Company-paid Disability benefits with very competitive salary continuation payments.
• 401(k) Retirement Savings Plan with competitive employer contributions.
• Competitive paid-time-off programs, including company-paid holidays.
• Competitive Parental Leave Benefits & Adoption Assistance program.
• Employee Assistance Program.
• Tax-Free Commuter Benefit.
• Tuition Reimbursement & Professional Qualification benefits.
• Sompo International offers a competitive compensation and benefits package. 

Sompo International offers a competitive compensation and benefits package commensurate with experience.

Sompo International is an equal-opportunity employer committed to a diverse workforce.

Visit our website at www.sompo-intl.com