Actuarial Trainee

Job DescriptionAre you looking for your next opportunity? Sompo has a unique opportunity for an Actuarial Trainee on our Actuarial team. Our Trainee Program is an 18-month program beginning in July 2027 designed to equip you with the essential business and technical skills needed to build a successful career in insurance. As an Actuarial Trainee you will receive hands-on training by working closely with highly experienced actuaries, gaining in-depth knowledge of the organization's business units and pricing philosophy. The program combines on-the-job learning, workplace mentoring, and directed self-study, providing a robust foundation for a career as an actuary. 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 Trainees work directly on pricing projects, building relationships and identifying underwriting and customers’ needs. This rigorous curriculum also includes training in negotiation, risk analysis and relationship management. Sompo’s Trainee Program serves as a launchpad for career advancement, empowering you to acquire the knowledge and skills essential for success in your respective field. Our business, your impact, our opportunity: What can I expect as an Actuarial Trainee? On-The-Job Learning Participants receive training in pricing deals across various lines of business, developing the requisite skillset while fostering interaction with other actuaries and underwriters. They also gain a specialized exposure in a particular line of business to enhance their understanding of specific products, and the metrics used to evaluate portfolios. The curriculum includes training in programming languages such as Python, R, and SQL. Directed Self-Study Professional designation courses give new Trainees professionals technical knowledge of insurance operations and industry practices. Sompo supports our employees pursuing continuing educations opportunities by covering the cost for fees and textbooks, offering time off work to take exams and providing additional compensation for successful completion of many courses. Career Development Support At Sompo, we are committed to developing our people. We encourage employees to strengthen their skills and expand their understanding of the business. Our Actuarial Trainees receive professional development training on a variety of topics aligned with their respective business unit. What will I need to be a Claims Trainee? Qualifications, Skills and Experience Sompo employees are some of the best and brightest in the industry. When recruiting the next generation of Sompo employees, we consider graduating Seniors, and recent college graduates with previous internship experience working in insurance, financial services, marketing or sales. Additional requirements include: • Bachelor’s degree, preferably in a STEM major (e.g., Mathematics, Actuarial Sciences, Statistics, Engineering, etc.) and strong academic performance • Graduation date between May 2026 and May 2027 • Successfully passed and/or be sitting for at least one CAS Exam • Genuine interest in developing a career in the insurance industry • Ability to articulate ideas clearly through written and verbal communication • Solution-oriented mindset and data analytical skills • Ability to work independently and collaborate with others • Adaptability to new challenges and ability to thrive in a fast-paced environment • Demonstrates integrity and reliability in fulfilling roles and responsibilities • Detail-oriented, organized, and tech-savvy (Microsoft Excel, Word, PowerPoint) • Local to the desired office location or able to arrange housing and transportation in the area to support an in-office working arrangement while in the Trainee Program • Eligible candidates must be at least 18 years old and authorized to work in the United States without restriction Salary Range: $75,000 – $82,500. 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.