96 Corporate Reserving Analyst jobs in the United Kingdom
Corporate Reserving Analyst
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Are you looking for your next opportunity?
Sompo has a unique opportunity for a
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 actuarial support to various stakeholders within the company. Specifically, the Corporate Reserving team plays a critical role in supporting 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 delivers accurate and timely reserve estimates for financial reporting purposes, ensuring that the company's reserves align with regulatory standards. This includes adhering to guidelines set by relevant local regulatory bodies.
The successful candidate will report to the Head of Corporate Reserving and assist with a range of Corporate Reserving activities for Sompo. The Corporate team will support the main quarterly reserving process together with a number of other projects including group wide analytical exercises and reserving deep dive studies. The role will be supported by a dedicated reserving team based in London and New York and will also, sometimes, benefit from access to shared resources from across the Group reserving team.
Location: This position will be based out of our 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:
- Assist with Quarterly Reserving Responsibilities
- Contribute to running the quarterly reserving process including assisting with data quality checks, peer review of IBNR selections
- Lead preparation of best practice reserve materials and outputs provided to key stakeholders, such as the CFO Reserve Meeting and Group Reserve Committee Meeting materials
- Assist with communications with external auditors, internal audit etc.
- Support with maintenance of reserve platform
- Understand the workings of the “front end” of the reserve platform to be able to quickly implement selections and judgements
- Suggest and help to implement improvements to the platform
- Liaise with wider Sompo-wide initiatives to improve data quality
- Assist with Group-wide analytical projects
- Examples include implementation of frequency-severity methods, loss ratio movement analysis etc.
- Assist in the provision of reserving inputs for both group and local regulatory needs, including:
- IFRS17
- Solvency II Technical Provisions
- BMA Economic Balance Sheet Technical Provisions
- Singapore MAS actuarial opinions
- International Capital Standard calculations
- A qualified actuary or nearly qualified actuary with at least 3 years experience, preferably with strong exposure to reserving
- Excellent interpersonal, written and oral communications skills, including a proven ability to build relationships with senior management and underwriting teams.
- The candidate must be well-organised, with the ability to thrive in a fast-paced environment and consistently meet deadlines without compromising quality.
- Strong IT skills are required, including proficiency with the usual MS Office Products and some programming experience would be beneficial.
We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents. Below are a few highlights of our inclusive benefit programs:
- Expansive Health & Wellness Benefits
- Generous Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organizational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment.
About Us
Expert Partners.
Clarity in complexity.
Unwavering commitment .
We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance. Building on Sompo Holdings’ 130 years of innovation, we’re committed to applying all of our experience to simplify yours.
Our dedication to you shows up in the care we put in every detail, working to create a frictionless risk management journey for everyone we serve.
We lead with your priorities, meticulously crafting solutions, sharing insights, and understanding your needs.
Around the world, our 9,000+ employees use their expertise to learn, improve and find clear answers for your complex challenges.
Because when you choose Sompo, you choose the ease of expertise.
To learn more about visit our website at Seniority level
- Seniority level Associate
- Employment type Full-time
- Job function Business Development and Sales
- Industries Insurance
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Actuarial Analyst
Posted 5 days ago
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Job Description
Key Responsibilities:
- Performing complex actuarial calculations and modeling for life insurance, pensions, or general insurance products.
- Analyzing large datasets to identify trends, assess risks, and provide insights into financial performance.
- Assisting in the pricing and reserving of insurance policies, ensuring profitability and compliance.
- Developing and maintaining actuarial models using specialized software.
- Supporting the preparation of regulatory returns and reports.
- Collaborating with underwriting, claims, and finance departments to provide actuarial support and advice.
- Contributing to the development and enhancement of actuarial methodologies and processes.
- Monitoring industry trends and regulatory changes affecting the insurance sector.
- Communicating technical findings and recommendations to management and other stakeholders.
- Actively pursuing actuarial qualifications and professional development.
- Performing ad-hoc analysis and projects as required by senior management.
Actuarial Analyst
Posted 12 days ago
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Job Description
Senior Actuarial Analyst - Pricing & Reserving
Posted today
Job Viewed
Job Description
Key Responsibilities:
- Develop, implement, and refine actuarial models for pricing new and existing insurance products.
- Analyze historical data, market trends, and risk factors to determine appropriate pricing structures and underwriting guidelines.
- Perform reserve calculations for various insurance lines, ensuring compliance with regulatory requirements and accounting standards.
- Conduct profitability analysis and provide insights to support business strategy and product development.
- Develop and maintain dashboards and reports to communicate key actuarial findings to management and other stakeholders.
- Stay abreast of regulatory changes, industry best practices, and emerging actuarial techniques.
- Collaborate closely with Underwriting, Claims, Finance, and Product Development teams to provide actuarial support and expertise.
- Assist in the development and implementation of new actuarial software and tools.
- Mentor and guide junior actuarial staff, fostering their technical and professional growth.
- Identify and quantify key risks and uncertainties within pricing and reserving assumptions.
- Contribute to the ongoing review and enhancement of actuarial processes and methodologies.
- Fellowship or near-Fellowship of the Institute and Faculty of Actuaries (FIA), Casualty Actuarial Society (CAS), or equivalent international actuarial body.
- Minimum of 5-7 years of progressive experience in the insurance industry, with a strong focus on pricing and reserving for General Insurance products (e.g., Motor, Household, Commercial).
- Advanced proficiency in actuarial modeling software (e.g., Emblem, RADAR, Python, R, SQL).
- Strong understanding of statistical modeling, data analysis, and risk management principles.
- Excellent analytical, problem-solving, and critical thinking skills.
- Exceptional communication and presentation skills, with the ability to explain complex actuarial concepts clearly to non-actuaries.
- Proven ability to manage projects, prioritize tasks, and meet deadlines in a remote work environment.
- Experience with reserving techniques such as IBNR, claims development triangles, and loss cost modeling.
- Knowledge of Solvency II or other relevant regulatory frameworks is highly desirable.
- A proactive approach to identifying issues and developing solutions.
Senior Actuarial Analyst - Pricing & Reserving
Posted 3 days ago
Job Viewed
Job Description
Key Responsibilities:
- Develop, implement, and maintain pricing models for various insurance products.
- Conduct analysis of pricing adequacy and competitive positioning.
- Develop and refine reserving methodologies, ensuring compliance with regulatory requirements.
- Perform data analysis to identify trends and patterns relevant to pricing and reserving.
- Prepare actuarial reports and presentations for internal stakeholders and regulatory bodies.
- Collaborate with product development, underwriting, and finance teams to provide actuarial expertise.
- Mentor and guide junior actuarial staff.
- Stay up-to-date with the latest actuarial techniques, software, and industry best practices.
- Contribute to the development and implementation of new actuarial systems and tools.
- Ensure the accuracy and integrity of all actuarial data and calculations.
Qualifications:
- A minimum of 5 years of actuarial experience, with a focus on pricing and reserving.
- Progress towards or completion of actuarial examinations (e.g., Institute and Faculty of Actuaries).
- Strong proficiency in actuarial software (e.g., Prophet, R, Python, SQL).
- Excellent analytical, problem-solving, and critical thinking skills.
- Demonstrated ability to communicate complex technical information clearly and concisely.
- Experience in a hybrid working environment.
- Strong understanding of insurance products and regulatory frameworks.
- Ability to work independently and manage multiple projects effectively.
Senior Actuarial Analyst - Pricing & Reserving
Posted 3 days ago
Job Viewed
Job Description
As a Senior Actuarial Analyst, you will leverage your strong analytical and statistical skills to perform complex actuarial calculations, assess risk, and contribute to strategic decision-making. Your responsibilities will include analyzing claims data, developing pricing structures, calculating reserves for outstanding liabilities, and ensuring compliance with regulatory requirements. We are looking for a candidate with excellent technical proficiency in actuarial software and data analysis tools, coupled with strong communication skills to present findings to management and stakeholders.
Key Responsibilities:
- Develop, implement, and refine pricing models for new and existing insurance products.
- Calculate and analyze reserves for outstanding claims, ensuring adequacy and compliance with accounting standards.
- Conduct experience analyses to monitor pricing adequacy and identify trends in claims frequency and severity.
- Perform profitability analyses and provide recommendations for pricing adjustments.
- Develop and maintain actuarial databases and reports.
- Collaborate with underwriting, claims, and finance departments to provide actuarial support.
- Ensure compliance with relevant regulatory bodies and reporting requirements.
- Mentor and provide guidance to junior actuarial staff.
- Stay up-to-date with industry best practices, emerging risks, and regulatory changes.
- Contribute to the development of actuarial methodologies and the implementation of new technologies.
Qualifications:
- Associate or Fellow of the Institute and Faculty of Actuaries (IFoA) or equivalent qualification from a recognized actuarial body.
- A minimum of 5 years of post-qualification actuarial experience in the insurance industry.
- Proven experience in general insurance pricing and/or reserving.
- Strong proficiency in actuarial software (e.g., ResQ, Emblem, GGY AXIS) and data analysis tools (e.g., SQL, Python, R, SAS).
- Excellent analytical, quantitative, and problem-solving skills.
- Strong understanding of insurance principles, financial markets, and risk management.
- Excellent written and verbal communication skills, with the ability to explain complex actuarial concepts to non-technical audiences.
- Ability to manage multiple projects and meet deadlines in a remote work environment.
This fully remote position offers a competitive salary, a comprehensive benefits package, and the opportunity to play a key role in a reputable global insurance company, working flexibly from your chosen location.
Lead Actuarial Analyst - Pricing & Reserving
Posted 3 days ago
Job Viewed
Job Description
Key Responsibilities:
- Develop, implement, and maintain pricing models for new and existing insurance products.
- Perform reserving calculations and analysis, adhering to regulatory requirements and best practices.
- Analyse historical claims data to identify trends and inform pricing and reserving decisions.
- Mentor and guide junior actuarial staff, reviewing their work for accuracy and completeness.
- Collaborate with underwriting, product development, and finance teams to support business objectives.
- Conduct sensitivity analyses and scenario testing on pricing and reserving models.
- Present complex actuarial findings and recommendations to senior management.
- Stay abreast of industry developments, regulatory changes, and emerging risks.
- Contribute to the development and enhancement of actuarial tools and methodologies.
- Ensure compliance with actuarial standards of practice and professional ethics.
Qualifications:
- Fellow or near-Fellow of the Institute and Faculty of Actuaries (IFoA) or equivalent.
- Significant experience in actuarial roles within the insurance industry, with a focus on pricing and/or reserving.
- Proficiency in actuarial software (e.g., Prophet) and data analysis tools (e.g., R, Python, SQL).
- Strong analytical, quantitative, and problem-solving skills.
- Excellent understanding of insurance principles and products.
- Proven ability to mentor and lead junior team members.
- Exceptional communication and presentation skills, with the ability to convey complex information clearly.
- Ability to manage multiple projects and deadlines in a remote setting.
- Proactive and self-motivated with a keen attention to detail.
- Experience in general insurance is highly desirable.
Senior Actuarial Analyst - Pricing & Reserving
Posted 3 days ago
Job Viewed
Job Description
Key responsibilities include:
- Developing and maintaining actuarial models for pricing new and renewal business across various insurance lines.
- Performing loss reserving analyses, including the selection and application of appropriate methodologies.
- Analyzing claims data to identify trends, assess risk factors, and inform pricing strategies.
- Monitoring the profitability of insurance portfolios and providing insights for management.
- Collaborating with underwriters to ensure pricing reflects risk accurately.
- Preparing actuarial reports and presentations for senior management and regulatory bodies.
- Ensuring compliance with Solvency II and other relevant regulatory frameworks.
- Investigating and implementing new actuarial techniques and software tools.
- Mentoring junior actuaries and contributing to a culture of continuous improvement.
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Actuarial Analyst (Pensions)
Posted 2 days ago
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Actuarial Analyst - Pensions
West Midlands
- Salary Circa 30,000 - £80,000 (dependent on experience) plus excellent package and opportunities for progression.
My client is an independent specialist firm of actuaries and consultants who pride themselves on providing the best customer service and support individual client needs.
They provide the full range of actuarial administration and investment trustees required to run their scheme.
The company are looking for an Actuarial Analyst (qualified or part qualified or with BSc Maths) with preferable experience working with final salary or defined benefit pensions or pension schemes and actuarial calculations.
Qualities required:
- li>Good communicator
- Customer focused li>Good at building business relationships
- BSc Mathematics/Actuarial Science degree
- Worked with pensions, actuarial calculations and preferably DB pension or pension schemes.
This is a great opportunity for someone to grow and develop their career within a small, progressive, forward- thinking and friendly consultancy, and help them to build on their portfolio of small to medium defined pension schemes and develop client relationships.
If you are interested in this role please apply by sending your CV quoting job reference DB(phone number removed))
Actuarial Analyst (Pensions)
Posted 2 days ago
Job Viewed
Job Description
Actuarial Analyst - Pensions
West Midlands
- Salary Circa 30,000 - £80,000 (dependent on experience) plus excellent package and opportunities for progression.
My client is an independent specialist firm of actuaries and consultants who pride themselves on providing the best customer service and support individual client needs.
They provide the full range of actuarial administration and investment trustees required to run their scheme.
The company are looking for an Actuarial Analyst (qualified or part qualified or with BSc Maths) with preferable experience working with final salary or defined benefit pensions or pension schemes and actuarial calculations.
Qualities required:
- li>Good communicator
- Customer focused li>Good at building business relationships
- BSc Mathematics/Actuarial Science degree
- Worked with pensions, actuarial calculations and preferably DB pension or pension schemes.
This is a great opportunity for someone to grow and develop their career within a small, progressive, forward- thinking and friendly consultancy, and help them to build on their portfolio of small to medium defined pension schemes and develop client relationships.
If you are interested in this role please apply by sending your CV quoting job reference DB(phone number removed))
Senior Actuarial Analyst
Posted 1 day ago
Job Viewed
Job Description
Key responsibilities include:
- Performing actuarial valuations, including reserving, pricing, and capital modeling.
- Developing and implementing sophisticated actuarial models using statistical software.
- Analyzing insurance data to identify trends, risks, and opportunities.
- Assisting in the development and pricing of new insurance products.
- Monitoring the financial performance of existing product lines.
- Ensuring compliance with regulatory requirements and professional standards.
- Collaborating with underwriters, claims departments, and finance teams.
- Communicating complex actuarial concepts to non-technical stakeholders.
- Mentoring junior actuarial staff and contributing to team development.
Qualifications and Skills: - Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Progress towards or completion of actuarial examinations (e.g., FIA, FSA).
- Minimum of 5 years of experience in the insurance industry, with a focus on actuarial analysis.
- Strong proficiency in actuarial modeling software (e.g., Prophet, Speed, R, Python).
- Excellent analytical, problem-solving, and quantitative skills.
- In-depth understanding of insurance principles, product lines, and regulations.
- Strong communication and presentation skills, both written and verbal.
- Ability to work independently and manage multiple projects simultaneously.
- Attention to detail and commitment to accuracy.
- Experience with data visualization tools is a plus.