Avp, Actuary

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

SompoRe is seeking an AVP, Actuary to join our Reinsurance Team to handle treaty reinsurance pricing for the North America Property and Casualty Reinsurance Team. Position will work closely with the reinsurance pricing actuaries as well as the underwriters.

The position reports to SVP, Senior Actuary and our preferred location is for the position to be based in New York City Office. However, possible locations could include Garden City, NY; Morristown, NJ or Conshohocken , PA.

Responsibilities include:

• Reinsurance Pricing Actuary handling transactional analysis, including pricing and risk assessment of incoming treaty submissions for each business unit

• Designing, building, and refining actuarial models

• Communicating pricing results with underwriters and resolving data issues with clients

• Identifies trends and is able to make adjustments to models and assumptions to evaluate emerging issues

• Supporting underwriters in attending and participating in internal and external broker and client meetings

• Other actuarial responsibilities as defined by management

Desired Skills & Experience

• At least Five years of experience. Some pricing experience required, with reinsurance pricing experience preferred. Experience in one or more of the following lines is a strong plus: Standard Casualty, Property and or Regional/ Multiline.

• Equivalent degree and ACAS or near ACAS, preferred

• Candidate should have good communication skills.

• Needs to be able to hit the ground running, pick up our pricing models and work independently.

• The successful candidate will be flexible, team-oriented, demonstrate strong technical and analytical skills together with the ability to multi-task and to prioritize assignments.

• Proficient with MS Office applications with strong excel skills required.

Salary Range: $130,000 - $195,000 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 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 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.

Sompo International is an equal-opportunity employer committed to a diverse workforce. M/F/D/V