VP, Actuary, Transactional Pricing

Location: New York

As 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 VP, Actuary to be based out of our New York, NY office to help support US Insurance. The primary responsibility of this position will be Transactional Pricing, with ample opportunity to get involved in a broad array of projects and to contribute more broadly to Sompo International’s wider needs.

Main areas of Responsibility:

• Liaise with and provide business insights to Business Unit leaders in clear fashion
• Provide oversight to junior members of the actuarial team
• Provide strategic actuarial leadership for the Transactional portfolios
• Collaborate with underwriting to derive insights and initiatives to improve the profitability of the business
• Identify key characteristics to improve risk selection and pricing
• Develop & maintain a suite of performance monitoring reports that provide management insight into the health of the portfolios.
• Provide pricing support on individual large accounts using a variety of methodologies
• Leverage both internal and external data to develop greater insight into the business.
• Review, monitor, and enhance the pricing / underwriting tools used to provide up to date, precise and consistent indications.
• Construct & maintain the data pipelines and data tables that provide analytic edge.
• Build and maintain dashboards of key actuarial metrics (rate change, business mix, loss trends, etc.) and fulfil ad-hoc reporting requests.
• Stay abreast of emerging technology and trends to continually improve existing process and capabilities.
• Support corporate level actuarial projects, including providing input to capital modeling, ceded re, and risk management

Qualifications, Skills, and Experience:

• FCAS
• 10+ Years of Property Casualty Actuarial Experience
• Strong analytical and problem-solving skills
• Willing to challenge the status quo by identifying and remediating deficiencies
• Excellent communication and interpersonal skills
• Solid understanding of conventional actuarial techniques and standards of practice
• Self-motivated with flexibility and willingness to adapt to changing priorities
• Proficient in Excel and one or more programming languages (Python, R, SQL, DAX preferred)
• Strong preference towards someone who is a quick-learner, resourceful, open minded to new ideas, and adaptive to change
• Prior experience with Standard Lines of Business, Healthcare, or Transactional Pricing

Salary Range: $185,000– $265,000 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 under performs. 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…