At a Glance
- Tasks: Support annual planning and deliver insights on reserving trends in a dynamic team.
- Company: Join Sompo, a global leader committed to diversity and employee empowerment.
- Benefits: Enjoy competitive pay, health benefits, tuition reimbursement, and a supportive work environment.
- Other info: Thriving workplace culture focused on collaboration and professional development.
- Why this job: Make a real impact in a fast-paced role while growing your actuarial expertise.
- Qualifications: 5+ years of experience in reserving and strong IT skills required.
The predicted salary is between 58500 - 71500 £ per year.
Sompo has a unique opportunity for a Senior Reserving Actuary in our Global Review and Analysis (GRA) team. The main focus areas for the GRA team, which is part of the Reserving Corporate team, are the annual planning exercise, the Plan Review and Sub-Committee, coordinating the Reserving function's peer review process and overseeing Group level Deep Dive exercises in conjunction with the Corporate Actuarial team.
Location: This position will be based out of our London office.
Our business, your impact, our opportunity:
- Support the annual loss ratio planning review process across all business units
- Support the Head of GRA in producing presentations of the annual business plan review to share with management
- Support the preparation, coordination, and delivery of materials for the quarterly Plan Review Sub-Committee (PRSC)
- Support Group level Deep Dive exercises in conjunction with the Corporate Actuarial team, including comparisons to peers and wider market information
- Support ad hoc analysis and deep dives on emerging reserving trends
- Consolidate reserving inputs to support performance monitoring and plan development
- Work closely with the finance, FP&A and pricing functions to continually enhance the strength of the overall feedback loop around business planning and review
- Produce long-term AvE to support assumption and peer review process
An experienced actuary with at least 5 years of experience, preferably in a senior reserving role. The candidate must be well-organised, with the ability to thrive in a fast-paced environment and consistently meet deadlines without compromising quality. Strong IT skills are required, including proficiency with the usual MS Office Products and some programming experience would be beneficial. A qualified or nearly qualified actuary.
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.
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.
If you need an accommodation for any part of the application process, please contact the recruiter in charge.
Summary Location: London, United Kingdom Type: Full time
Senior Actuarial Analyst (Risk) in London employer: Sompo International
Sompo is an exceptional employer that prioritises collaboration and employee development within its London office. With a strong focus on health and wellness benefits, retirement plans, and professional growth opportunities, we create a supportive environment where employees can thrive in their careers while contributing to meaningful value for clients and communities. Our commitment to diversity and inclusion ensures that every team member feels respected and empowered to excel.
