Sompo
Senior Underwriter, Middle Market – Sompo
Location:
Chicago, IL Sompo has a unique opportunity for a
Sr. Underwriter
in our
Middle Market
team. Our Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and manufacturing. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition. What you’ll be doing: Drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards Demonstrate technical expertise and product knowledge in Middle Market P&C Insurance (Property, General Liability, Workers’ Compensation, Automobile, Umbrella) Understand pricing components and rating methodology; price risk based on financial and competitive analysis. Use pricing models across structures: guaranteed cost, captives, SIRs, deductibles, etc. Utilize underwriting tools and apply strategies to ensure adherence to guidelines Exhibit technical underwriting skills through strategic, thorough account reviews and file documentation Prepare or analyze information on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations to drive results within the assigned territory Adhere to underwriting discipline to minimize exposure and appropriately price risks Stay current on state/territory issues, regulations, trends, and market conditions Develop and maintain strong relationships with brokers, serving as the primary underwriting resource and point of contact Attend client/broker meetings and travel to market assigned territory (approximately 25%) What you’ll bring: Minimum 3 years of underwriting authority/insurance experience Experience underwriting accounts with large brokerage houses, agents, and specialty retailers Experience underwriting, quoting, and binding profitable business Established relationships with brokers and agents on regional and national levels Strong negotiation skills, attention to detail, and excellent oral and written communication Team player with grit and collaborative by nature Bachelor’s Degree preferred Salary and benefits Salary Range: $85,000 - $170,000. Actual compensation depends on factors including location, qualifications, skills, competencies, and relevant experience. Sompo offers competitive compensation and a comprehensive benefits program. Our pay-for-performance culture features base salary plus incentives, with final awards based on individual performance. Benefits (summary) Two medical plans to choose from, including PPO and High-Deductible Health Plan with HSA; employer contributions Prescription, dental (including orthodontia), and vision benefits Flexible Spending Accounts (Health Care & Dependent Care) Company-paid Life & AD&D; optional supplemental coverage Company-paid Disability benefits 401(k) with employer contributions Paid time off, holidays, parental leave, adoption assistance Employee Assistance Program and other supports Tax-Free Commuter Benefit Tuition Reimbursement & Professional Qualification benefits Equal opportunity Sompo is an equal opportunity employer, and we intentionally value inclusion and diversity. We do not discriminate based on race, color, religion, sex, national origin, or age. We’re unlocking community knowledge; experts add insights with AI assistance where applicable.
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Location:
Chicago, IL Sompo has a unique opportunity for a
Sr. Underwriter
in our
Middle Market
team. Our Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and manufacturing. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition. What you’ll be doing: Drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards Demonstrate technical expertise and product knowledge in Middle Market P&C Insurance (Property, General Liability, Workers’ Compensation, Automobile, Umbrella) Understand pricing components and rating methodology; price risk based on financial and competitive analysis. Use pricing models across structures: guaranteed cost, captives, SIRs, deductibles, etc. Utilize underwriting tools and apply strategies to ensure adherence to guidelines Exhibit technical underwriting skills through strategic, thorough account reviews and file documentation Prepare or analyze information on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations to drive results within the assigned territory Adhere to underwriting discipline to minimize exposure and appropriately price risks Stay current on state/territory issues, regulations, trends, and market conditions Develop and maintain strong relationships with brokers, serving as the primary underwriting resource and point of contact Attend client/broker meetings and travel to market assigned territory (approximately 25%) What you’ll bring: Minimum 3 years of underwriting authority/insurance experience Experience underwriting accounts with large brokerage houses, agents, and specialty retailers Experience underwriting, quoting, and binding profitable business Established relationships with brokers and agents on regional and national levels Strong negotiation skills, attention to detail, and excellent oral and written communication Team player with grit and collaborative by nature Bachelor’s Degree preferred Salary and benefits Salary Range: $85,000 - $170,000. Actual compensation depends on factors including location, qualifications, skills, competencies, and relevant experience. Sompo offers competitive compensation and a comprehensive benefits program. Our pay-for-performance culture features base salary plus incentives, with final awards based on individual performance. Benefits (summary) Two medical plans to choose from, including PPO and High-Deductible Health Plan with HSA; employer contributions Prescription, dental (including orthodontia), and vision benefits Flexible Spending Accounts (Health Care & Dependent Care) Company-paid Life & AD&D; optional supplemental coverage Company-paid Disability benefits 401(k) with employer contributions Paid time off, holidays, parental leave, adoption assistance Employee Assistance Program and other supports Tax-Free Commuter Benefit Tuition Reimbursement & Professional Qualification benefits Equal opportunity Sompo is an equal opportunity employer, and we intentionally value inclusion and diversity. We do not discriminate based on race, color, religion, sex, national origin, or age. We’re unlocking community knowledge; experts add insights with AI assistance where applicable.
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