Actuary - UK Actuarial Function

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 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 to achieve positive results for the business in line with strategy • 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, in line with professional standards and/or Sompo specific standards and regulatory requirements • Develop, maintain and validate actuarial systems, data, reporting and procedures to ensure that these are aligned with business needs and fit for purpose - This is to include adopting efficient and consistent actuarial models and processes and/or technologies where appropriate • Build and maintain relationships with internal and external stakeholders to improve customer focus and to be the primary point contact for relevant business units in relation to actuarial services • Collaborate effectively with colleagues and third parties from actuarial and other disciplines to achieve successful outcomes • Provide and participate in feedback and cross training to/from other members of Actuarial, as required • Assist in wider initiatives, as required, and prioritised by Senior Actuarial Management, in line with business needs • Network within Actuarial functions, and counterparts within Sompo, around the world, to encourage the sharing and adopting of best practice • Specify approaches, structure, and associated testing of actuarial analysis, as required • Maintain and develop actuarial best practice in line with the strategic priorities of the business • Identify areas for process or actuarial methodology improvement and create cases for these to be implemented as appropriate • Enhance organizational initiatives by positively influencing and supporting change management initiatives within assigned areas of responsibility Knowledge, Skills and experience • 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 and clear written and verbal communication skills were encouraged • Established knowledge of actuarial techniques used for pricing and/or reserving insurance • Proficient user of simulation techniques and other actuarial techniques used for pricing loss sensitive product features • Good understanding of financial services industry best practice in actuarial analysis, modelling, and underwriting • Effective communication • 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