Senior Underwriter, Middle Market
About The Position
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 a Senior Underwriter on 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. Location: This position can 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.
Requirements
- Minimum 3 years of underwriting authority/insurance experience
- Experience in working, producing, and underwriting all sizes of accounts with large brokerage houses, agents, and specialty retailers
- Experience of successfully underwriting, quoting, and binding profitable business
- Established relationships with brokers and agents on both a regional and national level.
- Strong negotiation skills
- Strong attention to detail, and excellent oral and written communication skills
- Team player with grit, and collaborative by nature
Nice To Haves
- Bachelor’s Degree preferred
Responsibilities
- 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)
- Good understanding of pricing components and rating methodology; prices risk based on financial and competitive analysis. As well as using sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.
- Use all appropriate underwriting tools, disciplines, and knowledge of strategies to ensure underwriting guidelines are followed
- Exhibits technical underwriting skills through strategic, thorough account reviews and file documentation
- Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations to drive results within the assigned territory
- Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risks
- Keeps current on state/territory issues, regulations, and trends, in addition to market conditions
- Develop and maintain strong relationships with brokers, serving as the primary underwriting resource and point of contact
- Attend client/broker meetings, lunches, dinners, and other social outings as applicable and willingness to travel to aggressively market assigned territory
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
Mid Level
