Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for a Small Business Underwriter on our Sompo Pro Cyber Underwriting team.
Our Sompo Pro Small Business Underwriting team offers Cyber and Miscellaneous Professional Liability for primary and excess risks. We work through a network of brokers who share our commitment to long-term partnerships built on a strong service proposition.
Location: This position will be based out of our Chicago, IL 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’ll be doing:
Review applications and financial requirements to determine acceptability of risk in accordance with guidelines and standards
Evaluate and price risk using rating tools, predictive models, and financial analysis.
Apply underwriting guidelines and tools to review accounts, document decisions, and manage appeals, requirements, and declinations.
Adhere to Sompo Pro guidelines and underwriting discipline to minimize exposure and appropriately price
Manage assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business and portfolio management goals
Prioritize time and resources to effectively manage and optimize producer performance
Develop producer relationships to build pipeline, agency intelligence, and drive performance to meet and exceed results
Drive effective relationship management and customer activities to build trust, facilitate negotiation and secure commitment with the customer
What you’ll bring:
2-3 years of Insurance experience
Bachelor’s degree preferred
Excellent oral and written communication skills
Strong analytical and organizational skills
Ability to travel approximate 10% of the time
Salary Range: $75,000 - $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.
