Job description

We are seeking a Senior Underwriter for our Industry Vertical Large Property team in our New York City office.

Sompo Large Property provides a client-centric white-glove service approach by offering comprehensive multi-line capabilities to accounts in select industry verticals including real estate, hospitality, financial institutions, life sciences, technology and professional services. Taking a holistic approach to risk management, the unit offers commercial property, primary casualty (general liability, commercial auto, workers' compensation), lead umbrella, and environmental coverages, as well as parametric natural catastrophe products to small, middle-market and large accounts across target industry verticals in the U.S., Mexico and Europe. Sompo Large Property also offers the same level of sophisticated services and coverages to Asian-interest accounts in the U.S. and Mexico.

Duties and Responsibilities:

• Able to quickly review applications and financial requirements to determine acceptability of risk in accordance with Sompo guidelines and standards;
• Good understanding of pricing components and rating methodology; prices risk based on financial and competitive analysis;
• Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed;
• Exhibits strong 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 in order 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; and
• Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc

Desired Skills/Experience

• Minimum 5 plus years of underwriting/insurance experience
• Bachelor’s Degree preferred
• Well verse and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents and specialty retailers
• Experience in underwriting reverse flow business, manufacturing, wholesale/retail, food processing, technology and life sciences risks
• Established underwriting, quoting, and binding track record of profitable business
• Well established relationships with brokers and agents on both a regional and national level
• Strong negotiation skills
• Team player and collaborative by nature
• Strong attention to detail
• Excellent oral and written communication skills

Salary Range: $75,000– $150,000 At Sompo International, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• 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.

Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V

Visit our website at www.sompo-intl.com

Job Type: Full-time

Pay: $75,000.00 - $150,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Employee discount
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Referral program
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Supplemental pay types:

• Bonus pay

Work Location: Hybrid remote in Chicago, IL 60606

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