Sompo
Overview
Sr. Underwriter, Industry Practice, Large Property role at Sompo. Location options include New York, NY; Conshohocken, PA; Morristown, NJ; and Boston, MA. This position supports our Industry Practice business and provides multi-line capabilities to accounts in select industry verticals including real estate, hospitality, financial institutions, and professional services. Sompo North America offers a client-centric white-glove service approach and holistic risk management across commercial property, primary casualty, lead umbrella, environmental coverages, and parametric natural catastrophe products for small, middle-market and large accounts in the U.S. with services extended to Asian-interest accounts in the U.S. What you’ll be doing
Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards. Able to quickly review applications and financial requirements to determine acceptability of risk in accordance with Sompo guidelines and standards. Good understanding of pricing components and rating methodology; price risk based on financial and competitive analysis. Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed. Exhibits strong 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 guidelines and underwriting discipline to minimize exposure and appropriately price risks. Keeps current on state/territory issues, regulations, and trends; completes understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc. What You’ll Bring
Minimum 8 plus years of underwriting/insurance experience Bachelor’s Degree preferred Shared and layered experience, preferably in a primary position Well versed and experienced in working, producing, and underwriting all sizes of accounts with large brokerage houses, agents and specialty retailers Experience in underwriting real estate, hospitality, financial institutions and professional services Established underwriting, quoting, and binding track record of profitable business Proven track record of building and maintaining strong business relationships with insureds, agents & brokers on both a regional and national level Strong negotiation skills Team player and collaborative by nature Strong attention to detail Salary
Salary Range: $120,000-$175,000. Actual compensation for this role will depend on location, qualifications, skills, competencies, and relevant experience. Benefits and Company Information
Sompo offers competitive compensation and comprehensive benefits. The compensation program promotes a pay-for-performance culture, with total compensation consisting of base salary and incentives based on company and individual performance. Current U.S. benefit programs include: two medical plans, pharmacy benefits, dental and vision coverage, Health Care & Dependent Care Flexible Spending Accounts, company-paid Life & AD&D benefits with options to purchase additional coverage, disability benefits, 401(k) with employer contributions, paid time off including holidays, parental leave and adoption assistance, Employee Assistance Program, Tax-Free Commuter Benefit, and Tuition Reimbursement & Professional Qualification benefits. Equal Opportunity
Sompo is an equal opportunity employer and values inclusion and diversity. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.
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Sr. Underwriter, Industry Practice, Large Property role at Sompo. Location options include New York, NY; Conshohocken, PA; Morristown, NJ; and Boston, MA. This position supports our Industry Practice business and provides multi-line capabilities to accounts in select industry verticals including real estate, hospitality, financial institutions, and professional services. Sompo North America offers a client-centric white-glove service approach and holistic risk management across commercial property, primary casualty, lead umbrella, environmental coverages, and parametric natural catastrophe products for small, middle-market and large accounts in the U.S. with services extended to Asian-interest accounts in the U.S. What you’ll be doing
Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards. Able to quickly review applications and financial requirements to determine acceptability of risk in accordance with Sompo guidelines and standards. Good understanding of pricing components and rating methodology; price risk based on financial and competitive analysis. Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed. Exhibits strong 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 guidelines and underwriting discipline to minimize exposure and appropriately price risks. Keeps current on state/territory issues, regulations, and trends; completes understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc. What You’ll Bring
Minimum 8 plus years of underwriting/insurance experience Bachelor’s Degree preferred Shared and layered experience, preferably in a primary position Well versed and experienced in working, producing, and underwriting all sizes of accounts with large brokerage houses, agents and specialty retailers Experience in underwriting real estate, hospitality, financial institutions and professional services Established underwriting, quoting, and binding track record of profitable business Proven track record of building and maintaining strong business relationships with insureds, agents & brokers on both a regional and national level Strong negotiation skills Team player and collaborative by nature Strong attention to detail Salary
Salary Range: $120,000-$175,000. Actual compensation for this role will depend on location, qualifications, skills, competencies, and relevant experience. Benefits and Company Information
Sompo offers competitive compensation and comprehensive benefits. The compensation program promotes a pay-for-performance culture, with total compensation consisting of base salary and incentives based on company and individual performance. Current U.S. benefit programs include: two medical plans, pharmacy benefits, dental and vision coverage, Health Care & Dependent Care Flexible Spending Accounts, company-paid Life & AD&D benefits with options to purchase additional coverage, disability benefits, 401(k) with employer contributions, paid time off including holidays, parental leave and adoption assistance, Employee Assistance Program, Tax-Free Commuter Benefit, and Tuition Reimbursement & Professional Qualification benefits. Equal Opportunity
Sompo is an equal opportunity employer and values inclusion and diversity. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.
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