Global Head of Long-Tail Pricing

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most : our people .

At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry.

As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world.

Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Global Head of Long-Tail Pricing in our Central Pricing & Analytics team.

This newly created role will report into the Global Head of Central Pricing and Analytics and the successful candidate will focus on developing a robust, sustainable, and scalable long-tail pricing performance culture within our growing and ambitious business.

The role will also have strong Matrix connections to the underwriting leads and will work collaboratively with Insurance Leadership, Underwriting and Pricing teams to communicate, influence and create momentum for a new way of working for the Insurance function, globally.

The successful candidate will support the Pricing function goals of ensuring better decisions are possible at all levels of the business in addition to developing our ability to understand and effectively compare our portfolio at both a macro and micro level.

The successful candidate will be energized by mobilizing cultural change and will sponsor innovation across the technical function.

Location : This position will be based out of our New York, NY or 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 :

• Lead long-term projects to support the company's strategic product vision.
• Build a consistent approach to pricing methodology for long-tail products.
• Stay abreast of industry trends, market dynamics and emerging risks that affect the long-tail product lines to adapt and refine pricing strategies.
• Design and oversee the development of robust, compliant and scalable pricing tools to support long-tail lines.
• Ensure pricing tools are properly calibrated to align with market conditions and the company's risk appetite.
• Monitor and analyze the performance of the long-tail insurance portfolio, identifying areas for strategic growth, improvement and potential risks.
• Foster strong relationships with regional teams to ensure consistent and effective implementation of global pricing policies.
• Work closely with the global heads of underwriting to ensure our analytical capabilities at least match and possibly exceed our Underwriting requirements.
• Work alongside the reserving, capital, risk management and underwriting functions globally in support of a consistent actuarial approach across the business, particularly in respect of underwriting parameters.
• High-level review and challenge of Business Plan outputs to supplement similar challenge / review provided by the Actuarial function.
• Contribute to the profitability of the lines of business by conducting regular reviews for different segments of the property portfolio.
• Support with the development of market leading pricing systems to improve the operation of pricing models, data storage and integration with underwriting systems to gain a competitive advantage in the global property arena.

What you'll bring :

• A minimum of fifteen years' experience in a global insurance company, financial services, or consulting firm.
• Demonstrable understanding of the Long-Tail market at a multinational level and an innovative approach.
• Strong stakeholder management, interpersonal and influencing skills, with the ability to articulate a business case and value behind a course of action, to broad audiences, including executives and junior staff.
• Must be self-motivated and able to operate independently within a fast-paced, multi-tasked, global organisation.
• Excellent technical and analytical skills, combined with sound actuarial judgement and commercial awareness.
• Ability to deal with challenge and think on their feet when dealing with senior stakeholders.
• Needs to be highly organized, ability to prioritize projects and deadline focused.
• Ability to independently develop and implement new methodologies.
• Strong written and oral communication skills are required.
• Dynamic / flexible demeanour with strong client service skills.

Salary Range : $250,000 - $315,000 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 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

In 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. Click here to learn more about life at Sompo.

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.