Actuarial Analyst in London

Are you looking for your next opportunity? Sompo has a unique opportunity for an Actuarial Analyst in our UK Pricing team to support our London Market business. The role sits within the team that supports the Specialty Lines underwriters, covering Marine, Energy, Aviation, Financial & Political Risk and Crisis Management. You will have the opportunity to gain hands-on experience and contribute to real projects and initiatives within our company. The role will offer exposure to a dynamic work environment and the chance to work alongside experienced professionals in the field.

Our UK Insurance Pricing team offers Actuarial support to the London Market Underwriters. We work closely with the underwriters to determine the support required to achieve their strategies for growing the business profitably throughout the market cycle. The Specialty Lines portfolio is a well-established mature portfolio (circa $1bn) and forms a core part of our UK offering. We work alongside our colleagues across the Sompo group to enhance our understanding of market practice and to enact best practice in a pricing role.

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.

What you’ll be doing:

• Assist in data collection, analysis and validation for actuarial modelling and calculations.
• Use and develop tools for the monitoring and reporting of rate change and rate adequacy.
• Collaborate with cross-functional teams to understand business objectives and provide actuarial insights.
• Pricing of complex contracts across the classes listed, ensuring close collaboration with the underwriters, providing clear explanation of technical Actuarial modelling techniques alongside the results.
• Support in developing pricing models for new areas of business written by the Underwriting team and update the pricing models through reparameterisation exercises and structural modifications where necessary.
• Apply actuarial pricing techniques to individual account analysis and portfolio analyses and prepare presentations and quantitative exhibits for management and underwriters that convey insight and key outcomes.
• Contribute to the business planning process, working with the lead Pricing Actuary for the class of business and the underwriters to articulate business plans and the rationale that underpins them.
• Assist in identifying and assessing strategic growth opportunities by working alongside the underwriting team to better understand the current portfolio against the market portfolio.
• Completion of risk audits to ensure the pricing models are being completed appropriately by the underwriters and that the modelled results are reasonable, taking action to resolve any deficiencies.
• Research into industry developments and trends that could impact Sompo.
• Other ad hoc duties as required.

What you’ll bring:

• A Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Qualified or making good progress towards qualification with the Institute & Faculty of Actuaries or similar actuarial body.
• A minimum of 2 years of experience in the commercial insurance industry with the ability to learn quickly and think critically and commercially.
• Previous experience in the classes of business listed would be preferred.
• Must be self-motivated and able to think and operate independently within a fast-paced, multi-tasked, global organisation.
• Strong analytical and quantitative skills in Excel, SQL or other relevant tools and strong IT skills in areas such as R and Python are an advantage.
• Excellent organisational skills and the ability to prioritise multiple tasks, projects, and assignments.
• Dynamic/flexible demeanour with strong client service skills.
• Strong interpersonal skills and the ability to effectively interact with colleagues at all levels.

At Sompo, we recognise 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 some of the benefits we offer, which may vary depending on the country:

• Health & Wellness Benefits
• Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance
• Employee Assistance Program
• Tuition Reimbursement & Professional Qualification benefits

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide.

Life at Sompo | Sompo Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.