Global Short-Tailed Pricing Actuary

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Global Short-Tailed Pricing Actuary to join our Global Pricing team.

The role will present fantastic opportunities to learn from and engage with well-established business units across multiple regions as we renovate the pricing landscape.

Location: This position will be based out of our New York City, Purchase (NY), Garden City (NY), Conshohocken (PA), Morristown (NJ) office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

• Work directly with short-tailed underwriting units to support the build of an ambitious future state for Property pricing including a new globally consistent pricing model featuring:

  • predictive modeling

  • integrated data pipelines

  • connected 3rd party data sources

• Establish consistent and comparable technical pricing across Sompo’s short-tailed global business.

• Provide leadership in an evolving global property analytical ecosystem as we develop methodology, standards and tools to tier renewals, manage capacity, allocate capital and reinsurance costs, etc.

• Work closely with underwriting and pricing leadership to support the curation of a high-quality portfolio.

• Develop and maintain performance monitoring reports providing insight and MI.

• Support the development of reinsurance strategy and build compelling reinsurance submissions.

• Coordinate the annual planning process across property business units and technical staff to global ensure consistency.

• Leverage technology to develop of data assets that enhance our analytic capabilities.

What you’ll bring:

• Minimum of 5-7 years of GI pricing experience, preferably with exposure to pricing a short-tailed line of business.

• Previous exposure to capital modeling would be advantageous but not essential.

• Working knowledge of coding languages, preferably R, Python and SQL.

• Excellent communication (to a variety of audiences) and interpersonal skills are required alongside the ability to work collaboratively.

• Strong knowledge of pricing and portfolio management techniques.

• Highly organized and self-motivated with proven ability to prioritize projects and execute to deadline.

• Excellent technical and analytical skills, combined with sound actuarial judgement and commercial awareness.

Salary Range: $150,000 – $200,000 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, 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

In today’s world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.