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- Tasks: Join the Corporate Reserving team and assist with key reserving activities and data analysis.
- Company: Sompo International, a global leader in insurance and reinsurance.
- Benefits: Competitive salary, flexible working, and family-friendly policies.
- Why this job: Make an impact in a dynamic environment while developing your actuarial skills.
- Qualifications: Newly qualified actuary with strong communication and IT skills.
- Other info: Collaborative culture with opportunities for career growth and innovation.
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.
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
Reporting Lines
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 England employer: Sompo
Contact Detail:
Sompo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary in England
✨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 insider info about the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills and industry knowledge. We want to show that we’re not just qualified, but also passionate about reserving and innovation in the field.
✨Tip Number 3
Practice common interview questions with a friend or in front of a mirror. We need to nail our responses, especially when it comes to showcasing our experience and how we can contribute to the team.
✨Tip Number 4
Don’t forget to follow up after the interview! A quick thank-you email can keep us fresh in their minds and show our enthusiasm for the role. Plus, it’s a great chance to reiterate why we’re the perfect fit!
We think you need these skills to ace Reserving Actuary in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reserving Actuary role. Highlight your relevant experience and skills that match the job description. We want to see how you can contribute to our Corporate Reserving team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a great fit. Remember, we love seeing personality and enthusiasm!
Showcase Your Skills: Don’t forget to highlight your IT skills and any programming experience you have. We’re looking for someone who can navigate the reserve platform and suggest improvements, so let us know what you bring to the table!
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 need to demonstrate your understanding of key actuarial concepts and metrics. Brush up on your knowledge of IBNR selections and the quarterly reserving process. Be prepared to discuss how you've applied these in previous roles or projects.
✨Showcase Your Communication Skills
This role requires excellent interpersonal skills, so practice articulating complex actuarial concepts clearly and concisely. Think about examples where you've successfully communicated with senior management or cross-functional teams, as this will show your ability to build relationships.
✨Be Ready for Technical Questions
Expect questions that test your IT skills and familiarity with programming. Brush up on your proficiency with MS Office products and any programming languages you know. You might be asked to solve a problem on the spot, so practice thinking through your approach out loud.
✨Demonstrate Your Organisational Skills
The fast-paced environment at Sompo International means you'll need to manage multiple tasks effectively. Prepare examples that showcase your organisational skills and how you've met tight deadlines without compromising quality. This will highlight your ability to thrive under pressure.
