Senior Underwriter, Financial Institutions
About The Position
Sompo has a unique opportunity for a Senior Underwriter in our Financial Institutions (FI) team. Our Sompo Financial Institutions team offers diverse capabilities targeted at providing Directors & Officers (D&O), Errors & Omissions (E&O) Employment Practices (EPL), Fiduciary (FLI), and Fidelity as part of our portfolio of products. We work through a network of Retail & Wholesale brokers who share our commitment to long-term partnerships built on a strong service proposition. This position will be based out of our New York, NY office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.
Requirements
- 5+ years of underwriting/insurance experience
- Financial Institutions products underwriting background
- Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers.
- Established relationships including onshore visibility with producers and customers
- Strong analytical, marketing and communication skills
- Willingness to travel as needed to support business activities
- Bachelor’s degree preferred
Responsibilities
- Underwrite and maintain a profitable portfolio of Financial Institution risks with a focus on the Eastern region that will enable maximum penetration of profitable business.
- Fully underwrite all accounts in accordance with underwriting guidelines and individual authority granted by management.
- Develop a marketing plan for each assigned producer/territory; including tactics for individual broker success at the ground level.
- Identify and build a pipeline of new business opportunities. Focus on new client prospects as well as expanded business with existing clients.
- Work collaboratively with actuarial and claims in the pricing and underwriting of risks
- Structure and price programs based on unique customer needs
- Monitors all industry trends through leading data sources.
- Implements a field service reputation that is recognized as superior in the industry.
Benefits
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
