Casualty Pricing Actuary (R1684)

We are seeking a Casualty Pricing Actuary to join our North America Pricing team, preferably in our New York City office. This role will focus on the pricing of Casualty products including Excess Casualty, General Liability, and Environmental. As the pricing lead, this person will serve as the principal liaison between the pricing team and the underwriters. The selected candidate will have opportunities to work on a diverse range of projects and contribute to the overarching goals of the department.

Main areas of Responsibility:

• Work directly with the underwriters on strategic initiatives.
• Conduct profitability studies to ensure sustainable growth and profitability.
• Collaborate with underwriters to identify pockets of opportunity and remediate underperforming segments.
• Quantify the impact of prior underwriting changes and assess new strategies to improve the portfolio.
• Build predictive models utilizing a mix of internal and external data to deepen business insights.
• Develop and oversee dashboards showcasing key metrics such as rate adjustments, business composition, loss trends, etc.
• Design and oversee data pipelines to improve the team’s analytics capabilities.
• Continuously review and refine the company's rating and pricing models to ensure they are current, accurate, and consistent.
• Provide transactional support as necessary.
• Periodically participate in projects involving other products and group pricing initiatives, ensuring varied exposure and skill enhancement.
• Stay abreast of the latest technological advancements and industry trends to improve existing processes and capabilities.

Qualifications, Skills, and Experience:

• FCAS or near FCAS qualification preferred.
• Outstanding communication and interpersonal capabilities.
• Prior experience with Construction and/or Excess Casualty is preferred
• Comprehensive understanding of an insurance company's multifaceted operations.
• Robust analytical and problem-solving aptitude.
• Deep familiarity with standard actuarial methods and best practices.
• Proficiency in Excel and at least one programming language (Python, R, SQL, DAX is a plus).
• Ability to independently handle multiple projects and meet deadlines.
• An individual who is curious, adaptive, open to innovative solutions, and keen on learning is highly desired.

Salary Range: $110,000 - $175,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience

At Sompo International, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution.
• Pharmacy benefits with mail order options
• Dental benefits including orthodontia benefits for adults and children.
• Vision benefits
• Health Care & Dependent Care Flexible Spending Accounts
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
• Company-paid Disability benefits with very competitive salary continuation payments
• 401(k) Retirement Savings Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits
• Sompo International offers a competitive compensation and benefits package

Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V

Visit our website at www.sompo-intl.com

Job Type: Full-time

Pay: $110,000.00 - $175,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: Hybrid remote in New York, NY 10020