Sompo International
Underwriter, Commercial Property Middle Market
Sompo International, Conshohocken, Pennsylvania, United States
Underwriter, Commercial Property Middle Market
Pay Competitive Location: Conshohocken/Pennsylvania Employment type: Full-Time Job Description
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. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions. Position Overview
We are seeking an
Underwriter
for our
Commercial Property Middle Market
team in US Insurance in our
Conshohocken, PA, New York City or Boston, MA
offices. Duties and Responsibilities: Reviews applications and financial requirements to determine acceptability of risk in accordance with Sompo International guidelines and standards. Understands pricing components and rating methodology as well as use of the predictive modeling tools; prices risk based on financial and competitive analysis. Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed. Demonstrates technical underwriting skills through strategic, thorough account reviews and file documentation. Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory. Adheres to CAT guidelines and underwriting discipline to minimize exposure and appropriately price. Keeps current on state/territory issues, regulations and trends. Attend client/broker meetings, lunches, dinners and other social outings as applicable. Willingness to travel to aggressively market assigned territory. Assist in mentoring Underwriting Trainees and junior underwriters. Works with Sompo Loss Control property engineers in the triage process in qualifying risks and supporting them in obtaining compliance with Loss Prevention recommendations as needed. Qualifications: Minimum of 3-7 years of underwriting/insurance experience. Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers. Experience successfully underwriting, quoting, and binding profitable business. Relationships with large brokers on a national level. Team player willing to contribute to the launch of a new division. Strong attention to detail. Bachelor’s Degree preferred. At Sompo International, 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. Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V Visit our website at www.sompo-intl.com
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Pay Competitive Location: Conshohocken/Pennsylvania Employment type: Full-Time Job Description
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. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions. Position Overview
We are seeking an
Underwriter
for our
Commercial Property Middle Market
team in US Insurance in our
Conshohocken, PA, New York City or Boston, MA
offices. Duties and Responsibilities: Reviews applications and financial requirements to determine acceptability of risk in accordance with Sompo International guidelines and standards. Understands pricing components and rating methodology as well as use of the predictive modeling tools; prices risk based on financial and competitive analysis. Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed. Demonstrates technical underwriting skills through strategic, thorough account reviews and file documentation. Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory. Adheres to CAT guidelines and underwriting discipline to minimize exposure and appropriately price. Keeps current on state/territory issues, regulations and trends. Attend client/broker meetings, lunches, dinners and other social outings as applicable. Willingness to travel to aggressively market assigned territory. Assist in mentoring Underwriting Trainees and junior underwriters. Works with Sompo Loss Control property engineers in the triage process in qualifying risks and supporting them in obtaining compliance with Loss Prevention recommendations as needed. Qualifications: Minimum of 3-7 years of underwriting/insurance experience. Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers. Experience successfully underwriting, quoting, and binding profitable business. Relationships with large brokers on a national level. Team player willing to contribute to the launch of a new division. Strong attention to detail. Bachelor’s Degree preferred. At Sompo International, 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. Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V Visit our website at www.sompo-intl.com
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