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 Workers Compensation Actuary to join our North America Pricing team, preferably in our New York City office. The primary responsibility of this position will be pricing support and profitability monitoring of the Workers Compensation business, with ample opportunity to be involved in a broad array of projects and to contribute more broadly to Sompo International’s success.

Main areas of Responsibility:

• Provide strategic actuarial leadership for the Workers Compensation portfolio
• Collaborate with underwriting to derive insights and initiatives to improve the profitability of the business
• Identify key characteristics to improve risk selection and pricing
• Monitor and reflect key legislative and environmental changes in the Workers Compensation environment
• Review work-product from junior members of the actuarial team
• Develop & maintain a suite of performance monitoring reports that provide management insight into the health of the portfolios
• Provide pricing support on individual large accounts
• Leverage both internal and benchmark data to develop greater insight into the business
• Review, monitor, and enhance the pricing / underwriting tools used to provide up to date, precise and consistent indications
• Build and maintain dashboards of key actuarial metrics (rate change, business mix, loss trends, etc.) and fulfil ad-hoc reporting requests
• Stay abreast of emerging technology and trends to continually improve existing process and capabilities
• Support corporate level actuarial projects, including providing input to Reserving, Capital Modeling, and Ceded Re

Qualifications, Skills, and Experience:

• Near or recent ACAS/FCAS qualification preferred
• Outstanding communication and interpersonal capabilities
• Prior experience with Workers Compensation
• 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 is an equal opportunity employer committed to a diverse workforce. M/F/D/V

Visit our website at www.sompo-intl.com

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