Job DescriptionAre you looking for your next opportunity?Sompo has a unique opportunity for an
AVP, Actuaryin our
AgriSompo Analytics and Actuarial team.
As the AVP, Actuary, you will be responsible for pricing, product development, reserving, and R&D predictive analytics in support of Sompo's direct agricultural insurance programs across multiple countries within the AgriSompo business segment. This role also includes developing yield prediction models in R, as well as leading product funding and broader predictive analytics initiatives.
Location: This position will be based
remotely in
Ohio or
Kansas, or in our
Lenexa, KS office. We strive for collaboration which is why we offer a work environmentwhere our employees thrive and develop long lasting careers.
Our business, your impact, our opportunity:What you'll be doing:- Develop, run, validate, and implement premium rating, reserving, and risk models for Sompo's agricultural insurance programs globally
- Build satellite-based yield prediction models (NDVI/remote sensing) and product funding models in R to support pricing, funding, and risk selection
- Lead and contribute to R&D predictive analytics projects that advance the team's modeling and risk-assessment capabilities
- Perform actuarial pricing (experience and exposure rating), analyze program performance and loss costs, and assess capital requirements through stochastic and financial modeling
- Support new product development and collaborate across underwriting, product, and analytics teams
- Meet with external clients and partners, and perform other duties as assigned
What you'll bring:- Minimum 5 years' actuarial pricing experience
- Strong R programming skills, including statistical and predictive model development; experience with remote sensing or geospatial data a plus
- Ability to build models and perform analysis focused on key business risks, with strong intuition and judgment
- Bachelor's degree, with specialization in Actuarial Science or Statistics preferred; designation in ACAS or FCAS preferred
- Experience managing analytical processes and projects end to end
- Excellent technical, analytical, written, and oral communication skills
- Exceptionally motivated, organized, and detail oriented; a team player who works well under pressure, meets tight deadlines, and adapts to changing priorities
Salary Range: $149,000 - $190,000. 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
