Head of Syndicate Capital Modelling

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Head of Syndicate Capital Modelling in our Capital Modelling team.

The Capital Modelling team is responsible for the delivery of outputs from the Economic Capital Model (“ECM”) for the business needs of the Sompo Group and its regulated entities and ensuring ongoing compliance with Solvency II and other applicable regulatory standards.

Location: This position will be based our 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.

What you’ll be doing:

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• Ensuring the ECM’s assumptions continue to reflect Sompo’s business profile, and that key model assumptions are defendable and fit for purpose for the uses to which they are put
• Supported by the Group Head of Capital, ensuring and demonstrating ongoing compliance with the applicable regulatory requirements (chiefly Solvency II and the requirements of the BMA).
• Provision of model outputs and supporting management information and analytics to support the Group Risk Management Framework, as well as the wider demands of the business, including (but not limited to) business planning and strategic projects
• Management of the demand of internal and external stakeholders including:
  • Group executive management
  • Group and entity CROs (UK, US, Bermuda)
  • Business product heads
  • External regulators (e.g. PRA, BMA, Lloyd’s) 
• Support the Group Head of Capital for the development of talent and continued high-performance culture within the Capital Modelling Team through coaching, recruitment and career planning.

What you’ll bring:

• Qualified and experienced actuary
• Considerable experience in general insurance and ability to demonstrate in depth knowledge of capital modelling within the London Market, including experience of running the annual Lloyds Capital Return submission process
• Hands-on experience of capital modelling (ideally in Tyche / Igloo) and good understanding of Solvency II requirements and implications for the insurance industry
• Strong technical background in capital modelling and other actuarial concepts
• Experience of management of people and processes and a proven track record of delivering through others
• 2.1 or equivalent degree as a minimum

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 some of the benefits we offer, which may vary depending on the country:

• Health & Wellness Benefits
• Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance
• Employee Assistance Program
• 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.