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. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.
Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for an Underwriter in our Financial Institutions Business Unit.
Our U.S. and Canada Financial Lines team provides a wide range of specialized insurance solutions for traditional financial institutions and alternative asset managers. Our experienced and dedicated underwriting team has the expertise to provide clients with a level of service and understanding that is unrivalled in the industry. Our team considers clients of all sizes, both public and private, with a focus on alternative asset managers, such as investment advisors, hedge funds, private equity funds, real estate funds, BDCs, and REITS. We also seek traditional risks such as mutual funds, banks, and insurance companies.
Location: This position will be based out of our New York City 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 will be doing:
Focus on the production, underwriting, and servicing of profitable Financial Institutions business with an emphasis on assigned producers and territories
Conduct account reviews/referrals and underwrite within underwriting guidelines and authority
Develop and negotiate price, coverage, and terms and conditions for new business and renewals and actively identifying account rounding opportunities
Develops a marketing plan for each assigned producer/territory, including tactics for individual broker success at the ground level
Collaborate with department practice leader, underwriting, operations, claims, marketing and home office product management
Assists in the implementation and distribution strategy for the Region that will enable maximum penetration of profitable business
Creates and utilizes marketing materials and other product collateral to support marketing and production initiatives
Monitors all industry and specific account trends through reading of the WSJ, Capital IQ, SNL, Moody’s and other data sources
Implements a field service reputation that is recognized as superior in the industry
What you will be bring:
1-3 years in the financial sector and/or underwriting & Insurance experience preferred
Strong analytical skills including financial analysis
Strong interpersonal, communication and negotiation skills.
Ability to effectively collaborate with all levels of internal and external business partners
Sound, balanced, and timely decision-making skills
Bachelor’s degree or equivalent experience
Salary Range: $65,000 - $125,000 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
In today’s world, what do we stand for?
Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.
