Corporate Reserving Analyst

SOMPO; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global insurer is seeking a Corporate Reserving Analyst/Actuary in London. The role involves supporting quarterly reserving processes, maintaining reserve platforms, and providing regulatory inputs. Ideal candidates are qualified actuaries with strong communication skills and IT proficiency.

Benefits

Health & Wellness Benefits

Retirement & Savings Plans

Parental Leave & Adoption Assistance

Qualifications

• 3+ years of reserving experience.
• Excellent communication skills and ability to build relationships.

Responsibilities

• Assist with quarterly reserving process and data quality checks.
• Support maintenance of reserve platform and suggest improvements.
• Provide reserving inputs for regulatory needs.

Skills

Communication

IT Skills

Education

Qualified Actuary

Job description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Corporate Reserving Analyst/Actuary within our Actuarial Reserving team.

Our Actuarial Reserving team provides essential support to various stakeholders, focusing on Financial Reporting and Regulatory Compliance. We determine reserves under multiple frameworks, including economic reserving based on market conditions and statutory reserving based on regulatory requirements. Our team ensures accurate and timely reserve estimates for financial reporting, aligning with regulatory standards.

The successful candidate will report to the Head of Corporate Reserving, supporting activities like quarterly reserving, analytical exercises, and deep dive studies. The team is based in London and New York, with shared resources across the Group reserving team.

Location: London

What you’ll be doing:

1. Assist with Quarterly Reserving Responsibilities
   • Contribute to the quarterly reserving process, including data quality checks and peer review of IBNR selections.
   • Prepare reserve materials and outputs for key meetings such as the CFO Reserve Meeting and Group Reserve Committee.
   • Coordinate with external auditors and internal audit teams.
2. Support maintenance of reserve platform
   • Understand the platform’s workings to implement selections and judgments efficiently.
   • Suggest and help implement platform improvements.
   • Collaborate on data quality initiatives across Sompo.
3. Support Group-wide analytical projects
   • Implement methods like frequency-severity and loss ratio analysis.
4. Provide reserving inputs for regulatory needs, including IFRS17, Solvency II, BMA Economic Balance Sheet, Singapore MAS opinions, and ICS calculations.

What You’ll Bring:

• A qualified or nearly qualified actuary with 3+ years of reserving experience.
• Excellent communication skills and ability to build relationships with senior management.
• Organized, able to meet deadlines in a fast-paced environment.
• Strong IT skills; programming experience is a plus.

Our Benefits:

• Health & Wellness Benefits
• Retirement & Savings Plans
• Parental Leave & Adoption Assistance

Our Values:

We aim to create value for clients and shareholders, fostering an inclusive, diverse, and respectful workplace. We are committed to combating discrimination and promoting an environment where everyone belongs.

About Us:

Sompo is a global property, casualty, and specialty insurer with 130 years of experience. We focus on simplifying complex challenges for our clients with a dedicated team of over 9,000 employees worldwide.

Visit our website at www.sompo-intl.com to learn more.