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.
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 environment where 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
Who we are and what we stand for:
At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page
Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.
