Job Description
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Sompo has a unique opportunity for a Senior Actuary, Global Projects and Short-Tail Pricing in our Central Pricing team, to support high-profile, long-term strategic projects across Sompo’s global short-tail portfolio, with a particular focus on the future-state vision for Property pricing.
This role will support the design and implementation of a globally consistent pricing approach across HX, driving improvements in pricing sophistication, analytics, and decision-making capabilities. Partnering with underwriting, actuarial, portfolio management, data, and technology teams worldwide, you'll help deliver transformative pricing initiatives that embed best practices, enhance consistency, and elevate pricing standards across the organization.
Location: This position will be based out of our Conshohocken, PA 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:
- Help shape and deliver the transformation of Sompo's global Property pricing capabilities and future-state pricing strategy.
- Partner with underwriting, pricing, and portfolio management teams to develop and implement a globally consistent pricing framework within HX.
- Design and enhance technical pricing methodologies, models, and standards that drive consistency, transparency, and better decision-making across the global Property portfolio.
- Lead actuarial input into pricing solutions, translating business requirements into scalable capabilities through design, testing, and implementation.
- Advance pricing sophistication through predictive modeling, advanced analytics, enhanced segmentation, integrated data assets, and portfolio optimization.
- Develop pricing capabilities that support renewal tiering, risk selection, capacity management, capital allocation, reinsurance cost allocation, and underwriting decision-making.
- Generate portfolio insights, performance reporting, and analytical recommendations that support profitable growth and strategic business decisions.
- Influence reinsurance strategy through pricing analysis, portfolio insights, and the development of reinsurance submissions.
- Drive cross-product pricing initiatives that embed best practices, strengthen governance, and promote consistency across all lines of business.
- Leverage data, technology, and analytical innovation to build scalable pricing solutions and enhance business performance.
- Collaborate across underwriting, catastrophe modeling, data, technology, and regional teams to deliver globally aligned, commercially impactful pricing outcomes.
What you’ll bring:
- Minimum of 7–10 years of general insurance pricing experience, preferably with exposure to Property pricing.
- Qualified actuary, or equivalent relevant actuarial/pricing experience.
- Strong knowledge of technical pricing, pricing methodology, portfolio management, and performance monitoring techniques.
- Experience supporting pricing model development, pricing transformation, or pricing platform implementation would be highly advantageous.
- Experience working on strategic projects involving multiple stakeholders, regions, or product lines.
- Previous exposure to capital modelling, reinsurance pricing, or allocation of capital and reinsurance costs would be advantageous but is not essential.
- Working knowledge of coding and data analysis tools, preferably R, Python, and SQL.
- Excellent technical and analytical skills, combined with sound actuarial judgement and commercial awareness.
- Strong communication skills, with the ability to explain complex technical concepts clearly to a range of audiences, including underwriting, actuarial, technology, and senior leadership stakeholders.
- Strong interpersonal skills and the ability to work collaboratively across functions, regions, and product lines.
- Highly organized and self-motivated, with a proven ability to manage competing priorities, support multiple projects, and deliver to deadlines.
- Ability to operate effectively in a project-based environment, supporting long-term strategic initiatives while maintaining focus on practical business outcomes.
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
- 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.
