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 an SVP, Head of Reserving – North America to head up Sompo International’s North American Insurance and Global Reinsurance reserving teams. The ideal candidate will be an experienced, qualified actuary who will liaise and partner closely with the North American Insurance and Global Reinsurance businesses across all lines, which includes Property, Professional Lines, General Liability, Healthcare, Surety, Agriculture, Political Risk, Marine, Energy and Aviation.

The SVP, Head of Reserving, North America, will report to the Group Chief Reserving Actuary.  The role will be supported by dedicated reserving teams based in New York and Zurich and will also benefit from access to shared resources from across the Group reserving team.

The position will be based in New York City.

KEY RESPONSIBILITIES

• Oversee the quarterly reserving analysis for the North American Insurance and Global Reinsurance Segments.
• Present quarterly results to the senior management and underwriting teams in these Segments.
• Manage the North American Insurance and Global Reinsurance Reserving teams.
• Work with the Group Chief Reserving Actuary to establish management best estimate recommendations for the North American Insurance and Global Reinsurance segments.
• Assist in the development and implementation of frameworks aimed at improving the efficiency of existing processes. This may include contributing to cross-function projects focused on data quality, data flows, and early close, accelerating the completion time for the quarterly ACE analysis.
• Manage and take responsibility for the training and professional development of supporting staff, including the setting and monitoring of individuals’ objectives. In addition, where requested, will be responsible for engaging and supervising external consultants.
• Develop relationships with the regional Pricing, Risk, Claims, Finance, and Financial Planning and Analysis teams and leverage these relationships to enhance an understanding of Sompo International’s business and processes. 
• Build relationships with senior management within the Segments with the goal of becoming a trusted advisor.
• Lead special projects that allow for a deeper understanding of trends and emerging risks within the North American Insurance and Global Reinsurance portfolios.
• 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 requirements and market developments that may impact Sompo International’s North American Insurance and Global Reinsurance businesses.
• To support other special projects as required by the business.

SKILLS / QUALIFICATIONS / EXPERIENCE  

• FIA or FCAS with at least 15-20 years of post-qualification experience, preferably in a senior reserving role.
• A background in (Re)Insurance is required, including detailed knowledge of at least some of the lines of business referred to above.
• Excellent interpersonal, written, and oral communications skills, including a proven ability to build relationships with senior management and underwriting teams and to effectively communicate to senior management and board-level audience.
• The candidate must be well-organised, with the ability to thrive in a fast-paced environment and consistently meet deadlines without compromising quality.
• Proven success record in leading high performing teams and achieving results through others.
• Strong IT skills are required, including proficiency with the usual MS Office Products and some programming experience (eg. SQL) would be beneficial.

Salary Range: $215,000 - $275,000 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 is an equal opportunity employer committed to a diverse workforce. M/F/D/V 

Visit our website at www.sompo-intl.com