Underwriting Trainee, Surety

Sompo International•Morristown, NJ

34d•$70,000 - $77,500•Onsite

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 Sompo has a unique opportunity for a 2026 Sompo Underwriting Trainee for our Surety Team in our in our Morristown, NJ office. Our Trainee Program is an 18-month program beginning in July 2026 designed to equip you with the essential business and technical skills needed to build a successful career in insurance. As an Underwriting Trainee you will work alongside the most experienced underwriters in the industry to gain in-depth knowledge of our business units and underwriting philosophy through on-the-job learning, workplace mentoring. Our Trainees work directly on their products' accounts, building relationships and identifying customers' needs. This rigorous curriculum also includes training in negotiation, risk analysis and relationship management. Sompo's Trainee Program serves as a launchpad for career advancement, empowering you to acquire the knowledge and skills essential for success in your respective field. What can I expect as a Underwriting Trainee? On-The-Job Learning Insurance requires a high degree of experience and expertise - something you can't learn in the classroom. Sompo Trainees are immersed in the day-to-day activities of their team, assisting Underwriters in exposure analysis and operational analysis of insureds, compiling a competitor analysis from a publicly available database, working with Underwriting Assistants in developing renewal lists, contacting brokers for submissions, and accompany underwriters during internal meetings and occasional external marketing calls. Activities, Learning and Development Directed Self-Study Professional designation courses give new Trainees professionals technical knowledge of insurance operations and industry practices. Sompo supports our employees pursuing continuing educations opportunities by covering the cost for fees and textbooks, offering time off work to take exams and providing additional compensation for successful completion of many courses. Career Development Support At Sompo, we are committed to developing our people. We encourage employees to strengthen their skills and expand their understanding of the business. Our Underwriting Trainees receive professional development training on a variety of topics aligned with their respective business unit. What will I need to be an Underwriting Trainee?

Requirements

Bachelor's degree
Graduation date between May 2025 and May 2026
Genuine interest in developing a career in the insurance industry
Ability to articulate ideas clearly through written and verbal communication
Solution-oriented mindset and data analytical skills
Ability to work independently and collaborate with others
Adaptability to new challenges and ability to thrive in a fast-paced environment
Demonstrates integrity and reliability in fulfilling roles and responsibilities
Detail-oriented, organized, and tech-savvy (Microsoft Excel, Word, PowerPoint)
Local to the desired office location or able to arrange housing and transportation in the area to support an in-office working arrangement while in the Trainee Program
Eligible candidates must be at least 18 years old and authorized to work in the United States without restriction

Nice To Haves

Previous internship experience working in insurance, financial services, marketing or sales

Responsibilities

Assisting Underwriters in exposure analysis and operational analysis of insureds
Compiling a competitor analysis from a publicly available database
Working with Underwriting Assistants in developing renewal lists
Contacting brokers for submissions
Accompany underwriters during internal meetings and occasional external marketing calls.

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