At a Glance
- Tasks: Join our team to enhance and manage our reserving systems and data processes.
- Company: Sompo International, a global leader in insurance with a collaborative culture.
- Benefits: Competitive salary, health benefits, tuition reimbursement, and professional development opportunities.
- Other info: Flexible work environment with excellent career growth and diverse team culture.
- Why this job: Make a real impact in the insurance industry while developing your skills in a dynamic environment.
- Qualifications: Degree in Actuarial Science or related field; strong SQL programming skills required.
The predicted salary is between 45000 - 55000 £ per year.
Job Description
Are you looking for your next opportunity?
- Sompo has a unique opportunity for a
- Reserving Technical Analyst in our
Reserving Technical Team .
We are seeking a highly motivated and experienced Reserving Technical Analyst to join the Reserving Technical team at Sompo International.
The successful candidate will support and work closely with both the Reserving Function and various other Functions (Finance, IT, Claims) with a strong focus on data management, system development, and in-house reserving tools.
In this critical role, you will lead the execution and validation of our reserving systems and data outputs, ensuring the accuracy, efficiency, and reliability of our reserve calculations.
You will play a key role in supporting an insightful Reserving analysis process that brings value to the wider business.
Location
This position will be based out of our
London or New York 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
- Reserving Technical Function
- Contribute to enhancing the design, development, and maintenance of our in-house Sompo Reserving Platform reserving system and tools.
- Execute data controls and validation processes.
- Collaborate with actuaries to maintain, enhance, and implement robust reserving methodologies within SRP workbook.
- Quarterly Technical Reserving Process and Off Quarter Projects
- Work within the Reserving Technical team to manage and compile the data sets used in the reserving process.
- Ensure that data queries and issues are duly recorded, effectively resolved, and clearly communicated.
- Carry out and enhance where appropriate quarterly reserving data controls and validation processes.
- Work with the Reserving Function to refine reserving segmentations and update reserving parameters as required.
- Execute and reconcile GLSU topsides in collaboration with the Finance Department.
- Sustain and optimize the central reconciliation process for SRP for both SQL and Power BI interface, while actively seeking opportunities to enhance operational efficiency.
- Maintain and produce quarterly Solvency II report for UK regulatory reporting.
- Res Q SME supporting ACE teams which includes quarterly roll-forwards and checks, enhancing efficiency, hosting Res Q working party.
- Produce a range of core and regulatory reports to support the reserving process.
- Communication & Stakeholder Management
- Liaise with Technical Accounting and IT to investigate and resolve observed anomalies related to the SRP data.
- Effectively communicate progress, risks, and issues to stakeholders to both technical and non-technical audiences.
- Develop relationships within the Actuarial function and beyond the Actuarial function with Risk, Claims, Finance, Ceded Reinsurance and Financial Planning & Analysis and leverage these relationships to enhance an understanding of Sompo International’s business and processes.
- Assist with internal and external audits.
What you’ll bring
- Bachelor’s or Master’s degree in Actuarial Science, Computer Science, Mathematics, Statistics, or a related field.
- Minimum of 3 years of relevant experience in P&C insurance reserving, with a strong focus on data management and system development.
- Strong programming skill in SQL.
- Be approachable to a range of stakeholders and flexible to work under time pressure to business needs, particularly around quarter end close deadlines.
- Proven experience with ETL, data warehousing, version control, and visualization tools (e. g. Power BI).
- Excellent analytical and problem-solving skills, with the ability to interpret complex data sets and debug complex SQL stored procedures.
- Highly organised with the ability to think critically and independently.
- Proficiency in actuarial reserving software and tools.
- Strong communication and interpersonal skills, with the ability to effectively communicate technical information to both technical and non-technical audiences.
- Ability and willingness to learn new technologies, coding languages etc. as required by the evolution of the reserve platform.
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 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 page
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.
Reserving Technical Analyst in London employer: Endurance Business Services
Sompo is an exceptional employer, offering a collaborative work environment in our London office where employees can thrive and build long-lasting careers. We prioritise employee growth through competitive compensation, comprehensive benefits, and a culture that values diversity and inclusion, ensuring that every team member feels respected and empowered to excel. Join us to make a meaningful impact while enjoying opportunities for professional development and a supportive workplace culture.
Contact Details:
Endurance Business Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Technical Analyst in London
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We think you need these skills to ace Reserving Technical Analyst in London
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