Senior Reserving Actuary

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Senior Reserving Actuary, North America in our Reserving team.

Reporting to the Head of Reserving, North America Insurance, this role will play an important part in reserve valuation, financial insights, and management reporting across North America and Bermuda. The successful candidate will join a collaborative team responsible for direct business across the region and work closely with reserving leaders and shared actuarial resources to support strategic decision-making and business performance.

Location: This position will be based out of our New York, NY 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:

• Assist with the quarterly actuarial central estimate (ACE) reserving process for the US and Bermuda lines of business within the Insurance Segment.
• Develop relationships within the Actuarial function with the pricing team and beyond the Actuarial function with Risk, Claims, Finance, and Financial Planning & Analysis and leverage these relationships to enhance an understanding of Sompo International’s business and processes. 
• Lead special projects that allow for a deeper understanding of trends and emerging risks within the Insurance portfolio.
• Leverage the ACE analysis to provide support to the Group Chief Reserving Actuary in the annual planning process, as required.
• Keep abreast of changes in regulatory requirements and market developments that may impact Sompo International’s Insurance business.
• To support other special projects as required by the business.

What you’ll bring:  

• Minimum of 10 years of actuarial experience within the P&C insurance industry or a consulting environment.
• ACAS designation required; FCAS strongly preferred
• Strong communication and relationship-building skills, with the ability to influence business decisions and present actuarial insights to senior leadership, underwriting partners, and Board-level stakeholders.
• Proven ability to lead complex projects, manage competing priorities, and deliver high-quality results in a fast-paced environment.
• Advanced analytical and problem-solving skills, with experience leveraging actuarial modeling, data analytics, and programming tools to drive business outcomes.
• Collaborative and self-motivated with strong business acumen and a demonstrated ability to partner across functions to support strategic objectives.

Salary Range: $140,000 - $210,000 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.

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

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.