Financial Lines Senior Underwriter, Australia

Sompo; Sydney; On-site; AUD 180,000 - 240,000; Full time

Job summary

Sompo is seeking a Financial Lines Senior Underwriter in Australia to drive profitable growth and lead the market entry into Cyber and Technology Liability. The role combines underwriting acumen with product development and portfolio management, working with brokers, clients, and internal teams to deliver tailored solutions.

The successful candidate will shape underwriting strategy, pricing, and product offerings while collaborating across international platforms to expand Sompo's presence in

Qualifications

• 10 years' experience in underwriting financial lines products.
• Strong track record of developing profitable portfolios.
• In-depth knowledge of insurance industry and financial lines principles.
• Ability to operate autonomously and collaboratively in a fast-paced environment.
• Degree in Business, Finance, or related field is preferred.

Responsibilities

• Lead market entry into Cyber and Technology Liability in Australia.
• Underwrite financial lines products with pricing and coverage terms.
• Develop local Cyber and Technology Liability product suite.
• Build relationships with brokers, clients, and intermediaries.
• Monitor portfolio performance with metrics such as loss ratios and renewal retention.
• Contribute to underwriting philosophy, pricing strategy, and product offerings.
• Represent Sompo brand in the financial lines market.
• Ensure compliance with regulatory requirements and risk standards.

Skills

Stakeholder engagement

Market analysis

Negotiation skills

Pricing strategy

Education

Degree in Business/Finance or related field

Job description

As a Financial Lines Senior Underwriter at Sompo, you will play a pivotal role in driving the growth, profitability, and strategic development of our Financial Lines portfolio in Australia. The role will lead Sompo's market entry into the Cyber and Technology Liability segments, combining technical underwriting excellence with product development, portfolio management, and the delivery of tailored solutions for brokers and clients.

This is a unique opportunity to join an entrepreneurial and dynamic environment, contributing to Sompo's long-term strategy while working closely with our broader product teams and international platforms to bring the full Sompo proposition to clients and brokers.

The role is ideally suited to an experienced underwriter seeking autonomy, challenge, and the opportunity to shape and grow a portfolio within a collaborative team environment.

Key Responsibilities

• Portfolio Management: Develop and execute plans for the Financial & Professional Lines portfolio in Australia leading the Cyber and Technology Liability market entry, ensuring long-term profitable and sustainable growth.
• Underwriting: Underwrite financial lines products focusing on Cyber and Technology Liability products, evaluating risk exposures, pricing, and coverage terms in alignment with underwriting strategy and market conditions.
• Product Development: Lead the development and implementation of Sompo's local Cyber and Technology Liability product suite in Australia, working closely with internal stakeholders across underwriting, claims, legal, actuarial, compliance, operations, and international product teams to deliver market-relevant and commercially sustainable products.
• Market Development: Build and maintain strong relationships with brokers, clients, and other intermediaries to drive business growth and ensure high client satisfaction.
• Data-Driven Insights: Monitor portfolio performance, analyzing metrics such as loss ratios, hit ratios, and renewal retention rates to identify opportunities and risks.
• Strategy & Innovation: Contribute to the development of underwriting philosophy, pricing strategy, and product offerings for the Financial Lines portfolio.
• Market Representation: Actively represent and promote the Sompo brand and underwriting philosophy within the financial lines market, maintaining a deep understanding of market trends and competitive landscapes.
• Compliance & Risk Management: Stay informed on regulatory requirements and market changes, ensuring adherence to underwriting guidelines and compliance standards.
• Technical Expertise: Strong technical knowledge of financial lines products with a focus on Cyber and Technology Liability
• Underwriting Acumen: Proficient in pricing, risk selection, and portfolio management to achieve profitability and sustainability.
• Relationship Management: Exceptional stakeholder engagement skills, with the ability to build trusted partnerships with brokers, clients, and intermediaries.
• Market Insight: Deep understanding of the external environment, including market trends, regulatory changes, and emerging risks.
• Analytical Skills: Strong data analysis capabilities to monitor performance and make informed underwriting decisions.
• Strategic Thinking: Ability to contribute to product development, business development, and the overall underwriting strategy.
• Communication: Excellent presentation and negotiation skills, with the ability to articulate complex ideas clearly and persuasively.

Requirements

• 10 years' experience in underwriting financial lines products
• Strong track record of developing and managing profitable portfolios.
• In-depth knowledge of the insurance industry and financial lines underwriting principles.
• Ability to operate autonomously and collaboratively in a fast-paced, entrepreneurial environment.
• Degree in Business, Finance, or a related field is preferred.