Capital Modelling Actuary

Sompo Holdings, Inc.; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Health & Wellness Benefits

Retirement & Savings Plans

Parental Leave & Adoption Assistance

Job summary

Sompo Holdings, Inc. seeks a Capital Modelling Actuary to join its Capital Modeling team in London. The role focuses on designing, implementing and maintaining the Sompo Economic Capital Model (ECM) and delivering internal and regulatory reporting to PRA and Lloyd’s of London.

The successful candidate will support planning, validation responses and model development, while communicating results to risk committees. A graduate with actuarial progress and strong quantitative skills is preferred.

Qualifications

• Understanding of core underwriting risk concepts and reserve risk.
• Familiarity with Solvency II, Lloyd’s Minimum Standards or equivalent.
• Actuarial progression towards qualification with strong numerical skills.

Responsibilities

• Support ECM regulatory reporting and internal/external reporting requirements.
• Lead modelling activities for selected risk categories and coordinate data processing.
• Develop and maintain ECM methodologies, model coding and parameter reviews.
• Communicate capital model results to stakeholders and explain movements in capital.
• Assist with regulatory responses and validation feedback to improve controls.

Skills

Capital modelling

Regulatory reporting

Solvency II

Statistical analysis

Communication skills

Education

Actuarial exams in progress

Tools

Igloo

Tyche

Excel

Job description

## Capital Modelling ActuaryApply: Hybrid: London, United Kingdom: Full time: Posted Today: R4463## **Job Description****Are you looking for your next opportunity?** Sompo has a unique opportunity for a **Capital Modelling Actuary** in our **Capital Modeling team** 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.**Location:** This position will be based out of our **London** office. We strive for collaboration which is why we offer a work environmentwhere our employees thrive and develop long lasting careers. **Our business, your impact, our opportunity:** **What you’ll be doing:*** Supporting 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* Tracking and responding to independent validation feedback, regulatory requests and developing 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 that currently exist* Supporting 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* Assisting 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* Providing advice or mentoring to peers within the ECM team according to need or specialism **What you’ll bring:** * 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 (Tyche or Igloo knowledge highly desirable)* 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* 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* Nearly of Newly qualified actuary, demonstrating good progress with the actuarial examinations 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 some of the benefits we offer, which may vary depending on the country:* Health & Wellness Benefits* Retirement & Savings Plans* Global Parental Leave & Adoption Assistance* Employee Assistance Program* Tuition Reimbursement & Professional Qualification benefits **Who we are and what we stand for:** 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. Life at Sompo page 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.