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 Senior Reserving Actuary in our North America Reserving team.

The Senior Reserving Actuary will support the estimation of reserves for business written by the NA BU as well as various management reporting responsibilities around the various Strategic BUs within the NA geography. This role reports to the Head of Reserving, North America Insurance. The North American Reserving team has responsibility for all direct North America and Bermuda business. The team enjoys the support of shared resources from across the reserving function.

Location: This position will be based out of our New York, NY 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:

• Oversee the quarterly actuarial central estimate (ACE) reserving process for the US and Bermuda lines of business within the Insurance Segment.
• Present quarterly results to Insurance senior management and underwriting teams.
• Develop relationships within the Actuarial function with the pricing team and beyond the Actuarial function with Risk, Claims, Finance, and Financial Planning & Analysis and leverage these relationships to enhance an understanding of Sompo International’s business and processes. 
• Build relationships with senior management within the Insurance Segment (e.g. CEO, CUO) with the goal of becoming a trusted advisor.
• Lead special projects that allow for a deeper understanding of trends and emerging risks within the Insurance portfolio.
• Leverage the ACE analysis to provide support to the Group Chief Reserving Actuary in the annual planning process, as required.
• Keep abreast of changes in regulatory requirement and market developments that may impact Sompo International’s Insurance business.
• To support other special projects as required by the business.

What you’ll bring:

• FCAS with a minimum of 10 years’ experience in an insurance company or consulting firm.
• Excellent interpersonal, written and oral communications skills, including a proven ability to build relationships with senior management and underwriting teams and to communicate to senior management and board level audience.
• The candidate must be self-motivated and well-organised, with the ability to thrive in a fast-paced environment, prioritize projects and meet deadlines without compromising quality.
• Strong analytical skills. Programming experience highly beneficial.

Salary Range: $140,000 – $210,000 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, 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

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

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.