Reserving Analyst

Sompo; City of London; On-site; GBP 55,000 - 75,000; Full time

Job summary

A global insurance provider is seeking a Reserving Analyst in London to support the quarterly reserving process and collaborate with teams. Candidates should have 2-3 years of experience in general insurance and be making progress in actuarial exams. The role involves delivering insights using AI tools and Power BI. A competitive benefits package is offered, including health and wellness benefits and generous parental leave.

Benefits

Health & Wellness Benefits

Generous Retirement Plans

Global Parental Leave

Qualifications

• At least 2-3 years’ experience in General Insurance.
• Ability to meet deadlines without compromising quality.
• Strong IT skills required.

Responsibilities

• Assist in the quarterly reserving process for key product lines.
• Support the Senior Reserving Actuary in delivering high-quality outputs.
• Create and circulate monthly reserving summaries.

Skills

Interpersonal skills

Communication skills

Organizational skills

Proficiency in MS Office

Education

Progress in actuarial exams

Tools

Power BI

SQL

VBA

Job description

Reserving Analyst page is loaded## Reserving Analystlocations: London, United Kingdomtime type: Full timeposted on: Posted Todayjob requisition id: R3572## 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**Sompo has a unique opportunity for a **Reserving Analyst** in our **Reserving Department.**Sompo’s Reserving team delivers actuarial expertise across global insurance and reinsurance portfolios, supporting regulatory, financial, and management reporting for multiple business segments. Through rigorous analysis and close partnership with Finance and regional business units, the Reserving team ensures robust reserve adequacy and compliance with evolving regulatory standards. The vacancy is within the International Reserving unit and focusses on the UK business working collaboratively from offices in London, New York, and Singapore.**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:**This role has three key areas of responsibility:Assist in the quarterly reserving process for key product lines within Sompo’s UK business by setting assumptions, performing ACE projections in accordance with the Group Reserving Calendar, and delivering deep-dive analyses and strategic projects Support the Senior Reserving Actuary in the delivery of high-quality outputs, including preparing and presenting reserving results and enhancing M.I. for the UK reserving team using AI tools and Power BI. Support wider team initiatives such as participating in working groups and assisting with reporting requirements for the UK legal entity.Product Line responsibilities* Support the quarterly reserving process for key lines, including: + Update of key assumptions such as IELRs, development profiles, and ceded recovery rates. + Review and challenge of catastrophe estimates, watchlist items, and other specific IBNRs. + Performing actuarial central estimate (ACE) projections + Support the delivery of recommendations and MI to external stakeholders.* Deliver deep-dive analyses and strategic projects per the schedule set out in the Group Reserving Calendar.* Participating in Sompo-wide cross-functional working groups. Recent examples include working groups focused on climate change, AI, and inflation.UK business responsibilities* Creating and circulating a monthly reserving summary (focusing on actual vs. expected movements and claim activity) to the UK leadership team.* Present at quarterly reserving-focused meeting with the UK Claims team.* Prepare quarterly updates on Sompo’s LPT’d Lloyd’s Syndicate for UK business partners.* Support external audit requirements.* Drive the automation reserving MI using AI tools, PowerBI reports, and Sompo’s in-house reserving platform.**What you’ll bring:*** At least 2-3 years’ experience and making good progress with actuarial exams.* A background in General Insurance is preferred.* Excellent interpersonal, written and oral communications skills, including an ability to build relationships with key stakeholders within the reserving team and other functions.* 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 programming experience would be beneficial, including SQL and VBA.* Power BI experience is desirable.**Our Benefits**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 AssistanceWe 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.**Expert Partners. Clarity in complexity. Unwavering commitment**.We are Sompo, a global provider of property, casualty, and specialty insurance and reinsurance.Building on Sompo Holding’s 135 years of innovation, we seek to deliver a unified approach to servicing and providing customized solutions for our clients, ensuring that we meet their needs effectively and consistently.We strive to strengthen engagement with our clients and business partners every day by using the in-depth knowledge and insights of our experts to swiftly navigate the ever-shifting risk landscape in a fast and agile way – providing them with the products and coverages they need – underpinned by exceptional levels of service.**Our values**As we continue to evolve and grow, our core values serve as the foundation for our company’s identity, purpose and culture.* Accountability: Raising the bar on what we deliver* Agility: Keeping it simple as we grow* Collaboration: Building relationships with clients and colleagues* Development: Being curious and having a growth mindset* Integrity: Being trustworthy and doing what’s rightAround the world, our 9,500+ 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.**Sompo is an Equal Opportunity Employer**.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.**To learn more about visit our website at**## We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 130 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 9,500 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose **The Ease of ExpertiseTM**.## ## “Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s.