Pricing Analyst

SOMPO • Full-time • GBR - London, United Kingdom • 1d ago

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize 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.

Job Description

We are recruiting for a Capital Modelling Analyst to join us! This role will support the Sompo Capital Modelling team in the design, development, implementation, maintenance and use of the Sompo Economic Capital Model (ECM). This role includes: • Assisting in the delivery and analysis of results • Assisting in the communication with key stakeholders • Fulfilment of regulatory requirements Our Sompo Values are expected to be reflected in the delivery and performance of every role. Key Accountabilities • Supporting the production of ECM deliverables to various regulatory entities relevant to Sompo, including the PRA, Lloyd’s of London, and the BMA as well as rating agencies • Supporting the entity-level business planning and reforecasting processes, including the production of capital calculations and associated exhibits, including explanations of movements from both a technical and ‘real-world’ perspective • Compliance with the ECM’s operational control processes and other processes deriving from Internal Model policies (e.g. model change, documentation etc.) and proactively seeking to improve existing controls and processes that currently exist • Working with other Sompo teams responsible for providing data to the Capital Modelling team to ensure adequate data quality and active management and resolution of issues and timetable constraints • Accurate and timely processing of data feeds, analysis, and other information for use as inputs into the Sompo ECM • Assisting with elements of the development, maintenance and regular update of the ECM including development of methodologies and model coding, parameter reviews and exposure analysis to ensure the ongoing appropriateness and robustness of the Sompo ECM • Supporting the production of analysis and commentary to aid risk reporting to Sompo’s committees and boards and communication with other key stakeholders across the Sompo group • Completion and sign-off of elements of production control dashboard in line with requirements of Sompo ECM Operational Control Framework • Successful implementation of elements of agreed model developments, parameter updates, and exposure updates in line with agreed model change protocols Knowledge, Skills and experience • Knowledge of basic insurance concepts • Knowledge of Capital Modelling techniques and analysis (Tyche or Igloo knowledge highly desirable), including application to Solvency II or equivalent regimes • Graduate with a 1st or Upper 2nd (2:1) degree from a top-tier university, in a subject involving a high level of numerical or quantitative content • Ideally experience of actuarial work in the non-life insurance sector (for example gained within a consultancy or London Market organisation). • Strong communication skills, both oral and written • High degree of proficiency dealing with quantitative concepts, with a strong analytical and problem-solving approach • Proactive approach to improving processes and challenging the status quo • Experience of programming highly desirable (e.g. VBA, SQL)