Global Short-Tail Pricing Lead
Sompo has a unique opportunity for a Global Short-Tail Pricing Lead to join our team.
This role will support Sompo's Global Short-Tail Pricing initiatives, with heavy emphasis on the Property class. The primary responsibility of this position will be leading pricing related short-tail / property projects striving towards global consistency and pricing excellence.
Location : This position will be based out of our New York City or 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 :
- High profile role designing and managing the build of an ambitious future state for Property pricing that includes improved data pipelines, external data sources, comprehensive underwriting dashboards, and predictive models; work directly with the short-tailed underwriting units to establish consistent and comparable technical pricing across all Sompo businesses globally
- Support the development of market leading pricing systems to improve the operation of pricing models, data storage and integration with underwriting systems to increase competitive advantage in the global property arena
- Provide leadership in continuing to build and evolve the global property analytical ecosystem : develop standards, pricing methodology, techniques, and / or design tools to, e.g. measure rate change, tier renewals, evaluate the level of insurance to value, manage capacity, allocate capital and reinsurance costs, etc.
- Foster strong relationships with regional teams to ensure consistent and effective implementation of global pricing policies
- Coordinate the annual planning process across property business units and technical staff to ensure global consistency
- Work closely with underwriting and pricing leadership to support the curation of a high-quality portfolio, identify strategic growth opportunities, and shape underwriting best practices
- Develop & maintain a suite of performance monitoring reports that provide management insight into the health of the global property products
- Support the development of reinsurance strategy and build compelling reinsurance submissions
- Support the development and curation of data as a business asset
What you'll bring :
Minimum of 10 years of property and casualty insurance experience.FCAS or near-FCAS preferred, or equivalent work experience / industry credentialsStrong knowledge of pricing and portfolio techniques / industry best practicesHighly organized and self-motivated with proven ability to prioritize projects and execute to deadlineTrack record of success in business-facing roles, well-developed interpersonal and influencing skills, ability to communicate to and work productively with a non-technical audienceExcellent communication and interpersonal skills, ability to work collaboratively across teams and functionsSelf-motivated and able to operate independently within a fast-paced, multi-tasked, global organizationExcellent technical and analytical skills, combined with sound actuarial judgement and commercial awarenessProperty background preferredWorking knowledge of data analysis platforms (e.g. R, Python) preferredSalary Range : $185,000 $260,000 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 contributionPharmacy benefits with mail order optionsDental benefits including orthodontia benefits for adults and childrenVision benefitsHealth Care & Dependent Care Flexible Spending AccountsCompany-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & childrenCompany-paid Disability benefits with very competitive salary continuation payments401(k) Retirement Savings Plan with competitive employer contributionsCompetitive paid-time-off programs, including company-paid holidaysCompetitive Parental Leave Benefits & Adoption Assistance programEmployee Assistance ProgramTax-Free Commuter BenefitTuition Reimbursement & Professional Qualification benefitsIn today's world, what do we stand for?
Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. To learn more about life at Sompo, visit our website.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone's unique contributions we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.