Sompo has a unique opportunity for a
Reserving Analyst in our
Reserving Department.
Sompo’s Reserving team delivers actuarial expertise across global insurance and reinsurance portfolios, supporting regulatory, financial, and management reporting for multiple business segments. Through rigorous analysis and close partnership with Finance and regional business units, the Reserving team ensures robust reserve adequacy and compliance with evolving regulatory standards. The vacancy is within the International Reserving unit and focusses on the UK business working collaboratively from offices in London, New York, and Singapore.
Location: This position will be based out of our
London 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
This role has three key areas of responsibility:
Assist in the quarterly reserving process for key product lines within Sompo’s UK business by setting assumptions, performing ACE projections in accordance with the Group Reserving Calendar, and delivering deep-dive analyses and strategic projects Support the Senior Reserving Actuary in the delivery of high-quality outputs, including preparing and presenting reserving results and enhancing M.I. for the UK reserving team using AI tools and Power BI. Support wider team initiatives such as participating in working groups and assisting with reporting requirements for the UK legal entity.
Product Line responsibilities
- Support the quarterly reserving process for key lines, including:
- Update of key assumptions such as IELRs, development profiles, and ceded recovery rates.
- Review and challenge of catastrophe estimates, watchlist items, and other specific IBNRs.
- Performing actuarial central estimate (ACE) projections
- Support the delivery of recommendations and MI to external stakeholders.
- Deliver deep-dive analyses and strategic projects per the schedule set out in the Group Reserving Calendar.
- Participating in Sompo-wide cross-functional working groups. Recent examples include working groups focused on climate change, AI, and inflation.
UK business responsibilities
- Creating and circulating a monthly reserving summary (focusing on actual vs. expected movements and claim activity) to the UK leadership team.
- Present at quarterly reserving-focused meeting with the UK Claims team.
- Prepare quarterly updates on Sompo’s LPT’d Lloyd’s Syndicate for UK business partners.
- Support external audit requirements.
- Drive the automation reserving MI using AI tools, PowerBI reports, and Sompo’s in-house reserving platform.
What You’ll Bring
- At least 2-3 years’ experience and making good progress with actuarial exams.
- A background in General Insurance is preferred.
- Excellent interpersonal, written and oral communications skills, including an ability to build relationships with key stakeholders within the reserving team and other functions.
- The candidate must be well-organised, with the ability to thrive in a fast-paced environment and consistently meet deadlines without compromising quality.
- Strong IT skills are required, including proficiency with the usual MS Office Products programming experience would be beneficial, including SQL and VBA.
- Power BI experience is desirable.
Our Benefits
We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents. Below are a few highlights of our inclusive benefit programs:
- Expansive Health & Wellness Benefits
- Generous Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
In today’s world, what do we stand for?
We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organizational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment.
About Us
Expert Partners.
Clarity in complexity.
Unwavering commitment.
We are Sompo, a global provider of property, casualty, and specialty insurance and reinsurance.
Building on Sompo Holding’s 135 years of innovation, we seek to deliver a unified approach to servicing and providing customized solutions for our clients, ensuring that we meet their needs effectively and consistently.
We strive to strengthen engagement with our clients and business partners every day by using the in-depth knowledge and insights of our experts to swiftly navigate the ever-shifting risk landscape in a fast and agile way – providing them with the products and coverages they need – underpinned by exceptional levels of service.
Our values
As we continue to evolve and grow, our core values serve as the foundation for our company’s identity, purpose and culture.
- Accountability: Raising the bar on what we deliver
- Agility: Keeping it simple as we grow
- Collaboration: Building relationships with clients and colleagues
- Development: Being curious and having a growth mindset
- Integrity: Being trustworthy and doing what’s right
Around the world, our 9,500+ employees use their expertise to learn, improve and find clear answers for your complex challenges. Because when you choose Sompo, you choose the ease of expertise.
Sompo is an Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.
To learn more about visit our website at www.sompo-intl.com
