Are you looking for your next opportunity?
Sompo has a unique opportunity for an Actuarial Pricing Associate in our North America Insurance Pricing team.
Location: This position will be based out of our Bermuda 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:
- Price property, casualty, and specialty business in alignment with strategic objectives.
- Perform transactional analysis and risk assessment for submissions across multiple business units.
- Design, build, and refine actuarial models, rating tools, and assumptions to support pricing strategies and respond to emerging trends.
- Collaborate with underwriting, claims, and pricing actuaries to incorporate relevant business insights into pricing decisions.
- Communicate and present pricing analyses, strategic insights, and actuarial results to underwriters, senior management, brokers, and clients, while resolving complex data issues.
- Lead business unit meetings, ensure actuarial reporting complies with standards, and manage relationships with third-party actuaries and auditors.
What you’ll bring:
- Minimum 5 years of Property & Casualty insurance or reinsurance experience, with expertise in specialty lines.
- Advanced knowledge of property catastrophe price monitoring and actuarial experience/exposure rating techniques.
- Bachelor’s degree in a relevant field required; Must have passed a minimum of 4 Associate of the Casualty Actuarial Society exams and on the path for achieving ACAS designation
- Proficiency in Excel, SQL, Power BI, R, and Python, with advanced programming skills preferred.
- Strong analytical, strategic problem-solving, and model-development capabilities, with the ability to turn concepts into actionable solutions.
- Excellent communication, organization, and presentation skills, with the ability to manage multiple priorities and apply actuarial insights across business lines.
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.
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 Bermuda benefit programs:
- Comprehensive health plan offering Medical and prescription coverage
- Dental benefits including orthodontia benefits for adults and children
- Vision benefits
- Company-paid Life & AD&D benefits
- Company-paid Disability benefits with very competitive salary continuation payments
- Defined Benefit Pension Plan with competitive employer contributions
- Competitive paid-time-off programs, including company-paid holidays
- Competitive Parental Leave Benefits & Adoption Assistance program
- Employee Assistance Program
- Monthly Parking Reimbursement Allowance
- 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.
Skills Required
- Minimum 5 years of property and casualty insurance or reinsurance experience, including specialty lines expertise
- Advanced knowledge of property catastrophe price monitoring and actuarial experience and exposure rating techniques
- Bachelor's degree in a relevant field
- Passed at least four Associate of the Casualty Actuarial Society examinations and pursuing the ACAS designation
- Proficiency in Excel, SQL, Power BI, R, and Python
- Advanced programming skills
- Strong analytical, strategic problem-solving, model-development, communication, organization, and presentation skills
What We Do
As one of the leading writers of crop insurance in the United States, AgriSompo North America blends extensive industry experience with cutting-edge software development to provide powerful, proactive agricultural risk management for the nation’s farmers and ranchers. We operate within a culture of integrity, and a deeply rooted belief that collaboration, agility, and stellar customer service are crucial to long-term success. Our nationwide network of independent crop insurance agents provides direct and customized options to fit each producer’s needs, with solutions ranging from traditional multi-peril, crop hail, and livestock insurance to highly innovative and unique private products.
