Global Short-Tail Pricing Lead

SOMPO; London; On-site; USD 185,000 - 260,000; Full time

Job summary

A leading company is seeking a Global Short-Tail Pricing Lead in London to support pricing initiatives in the Property class. The role involves managing pricing projects, developing pricing systems, and fostering relationships with regional teams. Candidates should have extensive experience in property and casualty insurance, strong analytical skills, and excellent communication abilities.

Benefits

Medical Plans

Dental Benefits

Vision Benefits

401(k) Retirement Savings Plan

Tuition Reimbursement

Qualifications

• Minimum of 10 years of property and casualty insurance experience.
• Strong knowledge of pricing and portfolio techniques.

Responsibilities

• Design and manage the build of future state for Property pricing.
• Develop market leading pricing systems to improve pricing models.

Skills

Leadership

Communication

Analytical Skills

Interpersonal Skills

Organizational Skills

Education

FCAS or near-FCAS

Tools

R

Python

Job description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Global Short-Tail Pricing Lead to join our team.

This role will support Sompo’s Global Short-Tail Pricing initiatives, with heavy emphasis on the Property class. The primary responsibility of this position will be leading pricing related short-tail/property projects striving towards global consistency and pricing excellence.

Location: This position will be based out of our New York City or London office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our Business, Your Impact, Our Opportunity

What you’ll be doing:

• High profile role designing and managing the build of an ambitious future state for Property pricing that includes improved data pipelines, external data sources, comprehensive underwriting dashboards, and predictive models; work directly with the short-tailed underwriting units to establish consistent and comparable technical pricing across all Sompo businesses globally
• Support the development of market leading pricing systems to improve the operation of pricing models, data storage and integration with underwriting systems to increase competitive advantage in the global property arena
• Provide leadership in continuing to build and evolve the global property analytical ecosystem: develop standards, pricing methodology, techniques, and/or design tools to, e.g. measure rate change, tier renewals, evaluate the level of insurance to value, manage capacity, allocate capital and reinsurance costs, etc.
• Foster strong relationships with regional teams to ensure consistent and effective implementation of global pricing policies
• Coordinate the annual planning process across property business units and technical staff to ensure global consistency
• Work closely with underwriting and pricing leadership to support the curation of a high-quality portfolio, identify strategic growth opportunities, and shape underwriting best practices
• Develop & maintain a suite of performance monitoring reports that provide management insight into the health of the global property products
• Support the development of reinsurance strategy and build compelling reinsurance submissions
• Support the development and curation of data as a business asset
  
  

What You’ll Bring

• Minimum of 10 years of property and casualty insurance experience.
• FCAS or near-FCAS preferred, or equivalent work experience / industry credentials
• Strong knowledge of pricing and portfolio techniques / industry best practices
• Highly organized and self-motivated with proven ability to prioritize projects and execute to deadline
• Track record of success in business-facing roles, well-developed interpersonal and influencing skills, ability to communicate to and work productively with a non-technical audience
• Excellent communication and interpersonal skills, ability to work collaboratively across teams and functions
• Self-motivated and able to operate independently within a fast-paced, multi-tasked, global organization
• Excellent technical and analytical skills, combined with sound actuarial judgement and commercial awareness
• Property background preferred
• Working knowledge of data analysis platforms (e.g. R, Python) preferred
  
  

Salary Range: $185,000– $260,000 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, 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.

Summary

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 our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
• Pharmacy benefits with mail order options
• Dental benefits including orthodontia benefits for adults and children
• Vision benefits
• Health Care & Dependent Care Flexible Spending Accounts
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
• Company-paid Disability benefits with very competitive salary continuation payments
• 401(k) Retirement Savings Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits
  
  

In today’s world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.