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About the Role
Sompo has a unique opportunity for a Capital Modelling Actuary in our Capital Modeling team. The role will support the Sompo Capital Modelling team in the design, development, implementation, maintenance and use of the Sompo Economic Capital Model (ECM), including production and analysis of results, communication with key stakeholders, and fulfilment of internal strategic and regulatory reporting requirements.
Responsibilities
- Support the Regulatory Platform Lead in the production of internal and external reporting requirements and other ECM activity relating to Sompo’s operating entities and its regulators, including the PRA and Lloyd’s of London.
- Involvement in the entity-level business planning and reforecasting processes, including the production of capital calculations and associated exhibits, including explanations of movements from both a technical and ‘real-world’ perspective.
- Track and respond to independent validation feedback, regulatory requests and develop reporting solutions in response to the evolving regulatory environment.
- Compliance with the ECM’s operational control processes and other processes deriving from Internal Model policies (e.g. model change, documentation etc.) and proactively seeking to improve existing controls and processes.
- Support the effective and proactive communication of capital model results and analysis to key stakeholders across the Sompo group, including explanation of movements in capital arising from changes to the underlying risk profile of the firm, or from changes to the model’s methodologies, assumptions or parameters.
- Production of analysis and commentary to support internal risk reporting to Sompo’s committees and boards and the use of ECM output by other stakeholders within Sompo.
- Lead the modelling activity for selected risk categories, including timetabling, analysis and review and data processing / reconciliation / diagnostics.
- Assist with the development, maintenance and regular update of the ECM including development of methodologies and model coding, parameter reviews and exposure analysis to ensure the ongoing appropriateness and robustness of the Sompo ECM.
- Where required, coordinate or support model development activity, parameterisation activity or other update activity in conjunction with other ECM team members and through key partnerships within the wider Sompo group.
- Provide advice or mentoring to peers within the ECM team according to need or specialism.
Requirements
- Understanding of key Underwriting Risk (catastrophe and non-catastrophe) and Reserve Risk concepts and modelling techniques.
- Understanding of Solvency II, Lloyd’s Minimum Standards, or equivalent regulatory regimes.
- Experience of non-life Capital Modelling techniques and analysis.
- Strong communication skills, both oral and written.
- Proficient in standard software tools (e.g. Excel, Word, PowerPoint).
- High degree of proficiency dealing with quantitative concepts, with a strong analytical and problem-solving approach.
- Proactive approach to improving processes and challenging the status quo.
Skills
- Tyche or Igloo knowledge highly desirable
Location
- London
Work Type
- Onsite
Experience Level
- Nearly or Newly qualified actuary
Education Level
- Graduate with a 1st or Upper 2nd (2:1) degree from a top-tier university, in a subject involving a high level of numerical or quantitative content.
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.
Equal Opportunity
- 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. If you need an accommodation for any part of the application process, please contact the recruiter in charge.