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Form of workAs 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 seeking an actuarial student to ACAS to join Sompo International's North America Reserving team. The successful candidate will support the main quarterly reserving process and setting of the Actuarial Central Estimates.
Duties and Responsibilities:
The Reserving Analyst will report to a Senior Reserving actuary. The North America Reserving team supports all insurance lines written in the region including developing businesses in Mexico and Canada.
Skills, Qualifications and Experience:
Salary Range: $90,000 - $125,000. 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 is an equal opportunity employer committed to a diverse workforce. M/F/D/V
Visit our website at www.sompo-intl.com
Job Description
We are seeking an actuarial student to ACAS to join Sompo International's North America Reserving team. The successful candidate will support the main quarterly reserving process and setting of the Actuarial Central Estimates.
Duties and Responsibilities:
- Assist in the development of the actuarial central estimate indications across multiple liability and property lines. The group is responsible for a broad cross section of insurance lines, including D&O, Primary and Excess Casualty, Workers Comp, Ocean Marine, and Surety, among others.
- Provide support in producing materials for the Sompo International Group Loss Reserve committee and business unit leaders regarding reserve selections, movements during the quarter, ACE indications, and emerging trends and risks.
- Liaise with corporate actuarial team on data reporting and analytics issues.
- Perform reviews of reserving parameters. This will include regular updates to IELRs and emergence patterns as well as more in-depth reviews of line of business trends and claim dynamics.
- Develop relationships with Actuarial Pricing, Risk, Claims, Finance, and Financial Planning & Analysis and leverage these relationships to enhance an understanding of Sompo International's business and processes.
- Support other special projects as required by the business.
The Reserving Analyst will report to a Senior Reserving actuary. The North America Reserving team supports all insurance lines written in the region including developing businesses in Mexico and Canada.
Skills, Qualifications and Experience:
- Student to ACAS with three to seven years of P&C actuarial experience. Reserving background helpful but not necessary.
- Excellent interpersonal, written and oral communications skills, including a proven ability to build relationships with senior management and underwriting teams and to communicate to senior management and board level audience.
- The candidate must be well-organized and detail-oriented, with the ability to thrive in a fast-paced environment and consistently meet deadlines without compromising quality.
- We are looking for strong IT skills. The team regularly uses:
- MS Office Products
- PowerBI
- ResQ
- Programming languages such as SQL and Visual Basic
Salary Range: $90,000 - $125,000. 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 is an equal opportunity employer committed to a diverse workforce. M/F/D/V
Visit our website at www.sompo-intl.com
