Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for a Underwriting Governance, International Markets in our Underwriting team.
The Underwriting Governance role within the International Markets (IM) division of Sompo Insurance is a critical position reporting directly to the Chief Underwriting Officer (CUO). The role is designed to support the CUO and the Head of Strategy for IM in delivering the underwriting controls and objectives of the IM CUO Office. The successful candidate will play a key role in ensuring the consistent application of underwriting governance principles and standards across all international markets, fostering collaboration, and driving excellence in underwriting practices.
Location: This position can be based out of the United Kingdom.Switzerland, France, Germany, Italy and Luxembourg. We strive for collaboration which is why we offer a work environmentwhere our employees thrive and develop long lasting careers.
Our business, your impact, our opportunity:
What you’ll be doing:
- Support the IM CUO Office:
- Assist the CUO and Head of Strategy for IM in executing the core responsibilities and strategic objectives of the IM CUO Office.
- Contribute to the development and implementation of initiatives that enhance underwriting governance and operational efficiency across international markets
- Collaborate with Key Stakeholders
- Work closely with the Strategic Partner IM and the Head of Underwriting Analytics and Pricing to align efforts and achieve shared objectives.
- Partner with regional CUOs, who have a matrix reporting line to the IM CUO Office, ensuring alignment with the overarching IM strategy and goals.
- Adopt a global perspective, focusing on International Markets as a whole rather than specific regional operations.
- Underwriting Governance Framework:
- Support the management, maintenance, and enhancement of the Underwriting Governance Framework, ensuring principles and standards are consistently applied across all international markets.
- Ensure the frameworks stands as value add governance, and an increase in bureaucracy
- Management-Initiated Audits (MIAs):
- Facilitate streamlined processes and provide oversight for underwriting audits initiated by management.
- Ensure audit findings are effectively addressed and integrated into ongoing governance improvements.
- Underwriting Authorities:
- Assist with the coordination and management of underwriting authority protocols, including:
- Referral and escalation processes.
- Issuance and oversight of Letters of Authority (LoAs), specifically the role out of the new LoA system.
- Facultative reinsurance protocols.
- Peer review procedures to ensure robust decision-making and adherence to governance standards.
- Delegated Authority Governance:
- Support the governance of delegated authorities, including:
- Establishing and maintaining robust authority structures.
- Coordinating monitoring activities in collaboration with local resources.
- Product Communities:
- Support the Product Communities to foster collaboration, knowledge-sharing, and best practice dissemination across markets.
- Support the organization and facilitation of Product Communities to drive innovation and alignment in underwriting practices.
What you’ll bring:
- Strong understanding of underwriting governance frameworks and principles.
- Proven ability to work collaboratively across diverse teams and regions, with a global mindset.
- Excellent organizational and coordination skills to manage complex processes and projects.
- Analytical mindset with the ability to interpret data and provide actionable insights.
- Effective communication and interpersonal skills to engage with stakeholders at all levels.
- Experience in underwriting, governance, or strategy roles within the insurance industry is necessary.
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 some of the benefits we offer, which may vary depending on the country:
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- 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.
