Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join our UK Actuarial Function to support projects and improve processes.
- Company: Sompo International, a leading global insurance provider with a collaborative culture.
- Benefits: Competitive salary, family-friendly policies, flexible working, and career development opportunities.
- Why this job: Make an impact in the insurance industry while developing your actuarial skills.
- Qualifications: Experience in actuarial roles and strong analytical skills required.
- Other info: Dynamic environment with opportunities for networking and best practice sharing.
The predicted salary is between 50000 - 70000 £ per year.
As a leading provider of insurance and reinsurance with worldwide operations, we recognise 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.
We are recruiting for an Actuary to join our UK Actuarial Function, to assist with BAU and projects within the department. Our Sompo Values are expected to be reflected in the delivery and performance of every role.
Key Accountabilities- Contributes to the tactical Actuarial plan and provides support to others to achieve positive results for the business in line with strategy.
- Contribute to shaping Actuarial strategy and provide tactical leadership and support to colleagues.
- Contributes to the delivery of key Actuarial projects in line with Actuarial strategic vision.
- Facilitate successful process improvement delivery.
- Determines own work priorities and activities in line with agreed plans to ensure the achievement of the function’s objectives.
- Provide appropriate level of governance, as well as documentation/training material for the specific work being undertaken.
- Develop, maintain and validate actuarial systems, data, reporting and procedures.
- Build and maintain relationships with internal and external stakeholders.
- Collaborate effectively with colleagues and third parties from actuarial and other disciplines.
- Provide and participate in feedback and cross training to/from other members of Actuarial.
- Assist in wider initiatives, as required, and prioritised by Senior Actuarial Management.
- Network within Actuarial functions, and counterparts within Sompo, around the world.
- Specify approaches, structure, and associated testing of actuarial analysis.
- Maintain and develop actuarial best practice in line with the strategic priorities of the business.
- Identify areas for process or actuarial methodology improvement.
- Enhance organisational initiatives by positively influencing and supporting change management initiatives.
- Previous experience in an actuarial role in general insurance.
- Good knowledge of actuarial analysis across pricing, reserving and model development.
- General experience in insurance industry involving data/analysis/systems/projects.
- Preferred area of studies in a field where analytical and problem-solving skills are fundamental.
- Established knowledge of actuarial techniques used for pricing and/or reserving insurance.
- Proficient user of simulation techniques and other actuarial techniques.
- Good understanding of financial services industry best practice in actuarial analysis, modelling, and underwriting.
- Effective communication skills.
- Ability to persuade and influence both directly and indirectly.
- Good knowledge of MS Excel and other analytical tools.
- Ability to conceptualise in solving specific problems.
- Excellent in the use and interpretation of numerical data.
- Ability to work within defined procedures as recommended by functional teams.
Actuary - UK Actuarial Function employer: Sompo
Contact Detail:
Sompo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary - UK Actuarial Function
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Sompo International on LinkedIn. A friendly chat can give us insights into the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your actuarial knowledge. Be ready to discuss your experience with pricing, reserving, and model development. We want to see how you can contribute to our strategic vision!
✨Tip Number 3
Show off your collaboration skills! Think of examples where you've worked with diverse teams or improved processes. At Sompo, we value teamwork and innovation, so let’s hear how you embody that!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in joining our team at Sompo International.
We think you need these skills to ace Actuary - UK Actuarial Function
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Actuary role. Highlight your previous actuarial experience, especially in general insurance, and don’t forget to showcase your analytical and problem-solving skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about joining Sompo International and how your values align with ours. Be sure to mention specific projects or experiences that demonstrate your fit for the role.
Showcase Your Technical Skills: Since this role involves a lot of data analysis and actuarial techniques, make sure to highlight your proficiency in tools like MS Excel and any other analytical software you’ve used. We want to see how you can contribute to our actuarial projects!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Sompo
✨Know Your Numbers
As an actuary, you'll be dealing with a lot of data and numerical analysis. Brush up on your actuarial techniques, especially those related to pricing and reserving. Be ready to discuss specific examples from your past experience where you successfully applied these skills.
✨Showcase Your Collaboration Skills
Collaboration is key in this role. Prepare to share instances where you've worked effectively with colleagues or stakeholders from different disciplines. Highlight how you contributed to team success and how you can bring that collaborative spirit to Sompo International.
✨Understand the Business Strategy
Familiarise yourself with Sompo's strategic vision and values. Think about how your role as an actuary aligns with their goals. During the interview, express how you can contribute to the tactical actuarial plan and support the overall business strategy.
✨Prepare for Process Improvement Discussions
The job involves identifying areas for process improvement. Come prepared with ideas or examples of how you've enhanced processes in previous roles. This shows your proactive approach and ability to drive change, which is highly valued at Sompo.