AVP, Actuary
About The Position
As one of the leading writers of Federal Crop Insurance, AgriSompo North America combines industry experience, resources, capital and talent to deliver both traditional and innovative crop insurance and productivity tools to farmers, ranchers, insurers and agribusinesses in the United States. Our organization operates within a culture rooted in ethics, integrity and a belief that accountability, collaboration and agility are crucial to long-term success. AgriSompo North America is a part of AgriSompo, Sompo International’s global agriculture platform. This platform is an integrated underwriting, technology and distribution platform delivering innovate insurance and reinsurance solutions to agriculture partners worldwide. Sompo International, AgriSompo’s parent company, is a global organization driven by its core values, a carrier that holds promise, trust and the commitment to protect. Through operating subsidiaries, Sompo International writes agriculture, casualty and other specialty, professional lines, property, marine/energy and aviation lines of insurance and catastrophe, property, casualty, professional lines and specialty lines of reinsurance. As a leading provider of crop insurance and other agricultural risk management tools, we recognize that our success is derived directly from those whose contributions matter most: our people. AgriSompo North America has major offices in Lenexa, Kansas and Des Moines, Iowa as well as regional offices around the country. A shared commitment to integrity, accountability, collaboration and agility define our culture, and we strive to create exceptional value for our clients and shareholders and maintain AgriSompo North America as a desirable place to work. Job Description Are you looking for your next opportunity? Sompo has a unique opportunity for an AVP, Actuary in 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.
Requirements
- 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
Nice To Haves
- experience with remote sensing or geospatial data a plus
Responsibilities
- 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
Benefits
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Manager
