Underwriting Technician, Middle Market

Sompo International•Chicago, IL

1d•Onsite

About The Position

Sompo has a unique opportunity for an Underwriting Technician in their Middle Market Underwriting Support team. The 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 life science. They work through a network of retail brokers who share a commitment to long-term partnerships built on a strong service proposition. This position will be based out of the Chicago, IL or New York, NY office. Sompo strives for collaboration and offers a work environment where employees thrive and develop long-lasting careers. Sompo is a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance, building on 137 years of innovation. Sompo employs approximately 10,000 people around the world.

Requirements

2 years of underwriting support experience.
Ability to effectively communicate information and ideas to drive our business.
Technical capabilities such as Microsoft Office Suite and Adobe Acrobat.
Undergraduate degree or demonstrable industry experience.
Ability and willingness to learn and understand terminology, coverages and appetite for specific industry groups and customers.

Responsibilities

Assist underwriters with submissions, rating accounts, drafting quotes, binders, policies, and endorsements.
Codes, bills, registers, processes, and distributes insurance invoices, binders, policies, and endorsement within processing standards established by leadership.
Prepare and maintain underwriting files, such as underwriting workbooks, ensuring for file integrity.
Contacts external distribution partners for any required or outstanding underwriting information; pre or post binding as needed to underwrite and complete file documentation.
Review and analyze facultative reinsurance certificates as determined by management.
Ensure all underwriting activities comply with company policies, industry standards, and regulatory requirements.
Analyze and resolve premium discrepancies such as partnering with accounting to settle overdue premiums.
Implement and maintain 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.