At a Glance
- Tasks: Support data management and system development in a dynamic reserving team.
- Company: Join Sompo, a global leader committed to diversity and inclusion.
- Benefits: Enjoy competitive pay, health benefits, tuition reimbursement, and flexible work options.
- Other info: Great career growth opportunities in a supportive and collaborative environment.
- Why this job: Make an impact with your analytical skills while working with cutting-edge technology.
- Qualifications: Degree in a relevant field and strong SQL programming skills required.
The predicted salary is between 49500 - 60500 £ per year.
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.
- Execute data controls and validation processes.
- 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.
- Sustain and optimize the central reconciliation process for SRP for both SQL and PowerBI interface, while actively seeking opportunities to enhance operational efficiency.
- Maintain and produce quarterly Solvency II report for UK regulatory reporting.
- 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.
Qualifications:
- 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.
- Proficiency in actuarial reserving software and tools.
- Ability and willingness to learn new technologies, coding languages etc.
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.
Technical Administrator (Full Time / Flexible) in London employer: Sompo International
Sompo is an exceptional employer, offering a dynamic work environment in the heart of London where Actuarial Analysts can thrive and develop their careers. With a strong focus on collaboration, employee growth opportunities, and a commitment to diversity and inclusion, we provide competitive compensation and comprehensive benefits that support our employees' well-being and professional development. Join us to make a meaningful impact while working alongside experienced professionals in the exciting field of Specialty Lines insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Technical Administrator (Full Time / Flexible) in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Sompo International). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Sompo International. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Technical Administrator (Full Time / Flexible) in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Sompo International.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Sompo International. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Sompo International
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Sompo International to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Sompo International, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Sompo International's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
