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- Tasks: Join the Corporate Reserving team and assist with key reserving activities and projects.
- Company: Sompo International, a global leader in insurance and reinsurance.
- Benefits: Competitive salary, family-friendly policies, and flexible working options.
- Why this job: Make an impact in a dynamic environment while developing your actuarial skills.
- Qualifications: Newly qualified actuary with strong reserving experience and excellent communication skills.
- Other info: Collaborate with teams across London and New York for diverse career growth.
The predicted salary is between 36000 - 60000 £ 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. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.
We are seeking a nearly qualified or qualified actuary to join the Corporate Reserving team for Sompo International. The successful candidate will report to a senior member of the Corporate Reserving team and assist with a range of Corporate Reserving activities.
Main Duties and Responsibilities:- Assist with Quarterly Reserving Responsibilities
- Contribute to running the quarterly reserving process including assisting with data quality checks, peer review of IBNR selections
- Support the group Catastrophe Reserving process, including initial draft selections, drafting meeting materials, supporting ACE team queries, and liaising with claims and ceded teams.
- Support preparation of best practice reserve materials and outputs provided to key stakeholders, such as the CFO Reserve Meeting materials and Group Reserve Committee
- Lead MI production for monthly emergence reporting, including engaging with ACE and Claims teams, and distributing insights to management teams monthly.
- Support with maintenance of reserve platform
- Understand the workings of the “front end” of the reserve platform to be able to quickly implement selections and judgements
- Suggest and help to implement improvements to the platform
- Liaise with wider Sompo-wide initiatives to improve data quality
- Contribute towards developing automation capabilities within SRP, exploring the use of artificial intelligence and other newly emerging techniques to deliver cutting-edge reserving solutions
The role will report to a senior member of the Corporate Reserving team. The role will be supported by a dedicated reserving team based in London and New York and will also, sometimes, benefit from access to shared resources from across the Group reserving team.
Skills, Qualifications and Experience:- A newly qualified actuary with at least 4 years experience, preferably with strong exposure to reserving
- Excellent interpersonal, written and oral communications skills, including a proven ability to build relationships with senior management and underwriting teams.
- 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.
Reserving Actuary in City of London employer: Sompo
Contact Detail:
Sompo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary in City of London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Sompo International on LinkedIn. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills and industry knowledge. Be ready to discuss your experience with reserving processes and how you can contribute to the team.
✨Tip Number 3
Showcase your soft skills! Sompo values collaboration and communication, so be sure to highlight your ability to work well with others and build relationships during your interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the Sompo family.
We think you need these skills to ace Reserving Actuary in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reserving Actuary role. Highlight relevant experience and skills that match the job description, especially your actuarial qualifications and any exposure to reserving.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for Sompo International. Share your passion for the industry, your understanding of the role, and how your values align with ours.
Showcase Your Communication Skills: Since excellent communication is key, ensure your written application is clear and concise. Use professional language but let your personality shine through – we want to get to know you!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Sompo
✨Know Your Numbers
As a Reserving Actuary, you'll be dealing with data quality checks and IBNR selections. Brush up on your technical skills and be ready to discuss specific examples of how you've handled data in the past. This will show your potential employer that you understand the intricacies of reserving.
✨Communicate Clearly
Strong interpersonal skills are key for this role. Practice explaining complex actuarial concepts in simple terms. You might be asked to present your findings or insights, so being able to communicate effectively with both technical and non-technical stakeholders is crucial.
✨Show Your Organisational Skills
The job requires someone who can thrive in a fast-paced environment. Prepare examples from your previous experience where you successfully managed multiple tasks or projects simultaneously. Highlight how you prioritised your workload and met deadlines without compromising quality.
✨Embrace Technology
With the emphasis on improving data quality and exploring automation capabilities, be ready to discuss any programming experience you have. Familiarise yourself with the latest tools and technologies in the actuarial field, and be prepared to share your thoughts on how they can enhance reserving processes.
