Underwriting Assistant Analyst
About The Position
Sompo has a unique opportunity for an Underwriting Assistant Analyst in our Reinsurance Operations Facultative teams. SompoRe operates in key markets worldwide, bringing to each account our specialized capabilities for a wide range of reinsurance products and a depth of understanding of local cultures. Our disciplined approach to risk management and claims handling, coupled with strong analytical skills, enables us to provide broad multiline capability to successfully underwrite risks across our clients’ insurance portfolios. With global experience and local expertise in key markets worldwide, SompoRe has deep bench strength across all disciplines and above all, remains a stable and constant trading partner throughout all market cycles. This position will be based out of our NYC; Garden City, NY; Conshohocken, PA; Morristown, NJ; Rocky Hill, CT; or Stamford, CT office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.
Requirements
- Relevant reinsurance industry experience, including a solid understanding of reinsurance contract terms and conditions.
- Strong oral/written communication skills, displaying a positive can-do attitude.
- Detail-oriented ability to work in a high-volume and time sensitive environment.
- Adaptive to adjusting priorities and/or working on multiple tasks.
- Strong sense of ownership and accountability, highly motivated.
- A strong focus and passion for delivering exceptional customer service.
- Ability to work independently as well as part of a team.
- Proficiency in Microsoft Suite and administrative platforms.
Nice To Haves
- Facultative insurance experience preferred but not required.
Responsibilities
- Manage program/contract level lifecycle including input all required underwriting submissions, quotes, declines, and bind details accurately and promptly into the appropriate underwriting systems.
- Adjust earned premium income, processing premium and non-premium bearing endorsements, addressing discrepancies by liaising with underwriter, broker, client or internal teams across Sompo.
- Maintain accurate file documentation in accordance with company guidelines.
- Produce reporting in support of normal duties or on demand underwriter requests.
- Communicate with clients, brokers, and underwriters to gather additional information, clarify details, and address inquiries regarding underwriting submissions.
- Collaborate with underwriting team members to relay information, coordinate tasks, and support the overall underwriting process.
- Assist with internal and external audits by providing documentation and information related to underwriting activities.
- Deliver excellent customer service as well as displaying a sense of urgency when addressing inquiries, resolving issues to ensure a positive experience for clients and stakeholders.
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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
