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About the Role

Sompo has a unique opportunity for an Actuarial Analyst in our UK Pricing team to support our London Market business. The role sits within the team that supports the Specialty Lines underwriters, covering Marine, Energy, Aviation, Financial & Political Risk and Crisis Management. You will have the opportunity to gain hands-on experience and contribute to real projects and initiatives within our company. The role will offer exposure to a dynamic work environment and the chance to work alongside experienced professionals in the field.

Responsibilities

Assist in data collection, analysis and validation for actuarial modelling and calculations.
Use and develop tools for the monitoring and reporting of rate change and rate adequacy.
Collaborate with cross-functional teams to understand business objectives and provide actuarial insights.
Price complex contracts across the classes listed, ensuring close collaboration with the underwriters, providing clear explanation of technical Actuarial modelling techniques alongside the results.
Support in developing pricing models for new areas of business written by the Underwriting team and update the pricing models through reparameterisation exercises and structural modifications where necessary.
Apply actuarial pricing techniques to individual account analysis and portfolio analyses and prepare presentations and quantitative exhibits for management and underwriters that convey insight and key outcomes.
Contribute to the business planning process, working with the lead Pricing Actuary for the class of business and the underwriters to articulate business plans and the rationale that underpins them.
Assist in identifying and assessing strategic growth opportunities by working alongside the underwriting team to better understand the current portfolio against the market portfolio.
Complete risk audits to ensure the pricing models are being completed appropriately by the underwriters and that the modelled results are reasonable, taking action to resolve any deficiencies.
Research industry developments and trends that could impact Sompo.
Perform other ad hoc duties as required.

Requirements

A Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
Qualified or making good progress towards qualification with the Institute & Faculty of Actuaries or similar actuarial body.
A minimum of 2 years of experience in the commercial insurance industry with the ability to learn quickly and think critically and commercially.
Previous experience in the classes of business listed would be preferred.
Must be self-motivated and able to think and operate independently within a fast-paced, multi-tasked, global organisation.
Strong analytical and quantitative skills in Excel, SQL or other relevant tools.
Strong IT skills in areas such as R and Python are an advantage.
Excellent organisational skills and the ability to prioritise multiple tasks, projects, and assignments.
Dynamic/flexible demeanour with strong client service skills.
Strong interpersonal skills and the ability to effectively interact with colleagues at all levels.

Skills

Excel
SQL
R
Python

Location

London

Work Type

Onsite

Experience Level

Minimum of 2 years of experience in the commercial insurance industry

Education Level

Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, or a related field
Qualified or making good progress towards qualification with the Institute & Faculty of Actuaries or similar actuarial body

Benefits

Health & Wellness Benefits
Retirement & Savings Plans
Global Parental Leave & Adoption Assistance
Employee Assistance Program
Tuition Reimbursement & Professional Qualification benefits

About the Company

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide.
Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work.

Equal Opportunity

As a global organization, we embrace diversity and champion equal opportunity.
Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work.
If you need an accommodation for any part of the application process, please contact the recruiter in charge.