In this role you will support the Head of UK Regulatory Reserving across the Sompo UK business, focusing on the production, analysis, and communication of Solvency II Technical Provisions. You will work with the UK Actuarial Function to deliver regulatory reporting, governance, and insightful reserving analysis. The position offers collaboration across actuarial, finance and business teams and opportunities to drive process improvements. This is a chance to shape UK reserving practices within a global insurer and contribute to regulatory compliance and business planning.
Pay / Benefits
Health & Wellness Benefits
Retirement & Savings Plans
Global Parental Leave & Adoption Assistance
Employee Assistance Program
Tuition Reimbursement & Professional Qualification benefits
Responsibilities
Support Calculation, Validation and Communication of UK Solvency II Technical Provisions for UK Entities (EWIL, SIIE, AIUK and AMAL)
Produce Standard Formula and Cashflow Reports
Perform Internal Model Technical Provisions calculations
Ensure Data Validations, Controls and Reconciliations are in place
Monitor and back-test assumptions and methodologies over time
Assist in producing Actuarial Function Reports and other regulatory outputs
Generate Management Information and commentary on reserving movements and trends
Support Governance of Quarterly GAAP Reserving and central team review
Contribute to process improvements, automation, and enhancements of reserving/regulatory requirements
Support broader UK Actuarial Function initiatives including Business Planning, Capital considerations, and UK Risk Management Framework
Develop actuarial expertise and stay updated on regulatory developments and industry practice
Key requirements
Newly or nearly qualified Actuary
Strong actuarial and analytical background
Knowledge of General Insurance Reserving principles and Solvency II requirements
Strong analytical and problem-solving skills with data analysis experience
Strong communication skills for explaining technical concepts to stakeholders
Ability to manage multiple deliverables with high-quality standards
Strong collaboration and teamwork across actuarial, finance and business teams
Experience with actuarial software, data tools, and reporting tools
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