Senior Underwriter Financial Lines

Sompo; Köln; On-site; EUR 70,000 - 90,000; Full time

Benefits offered by this job

Health & Wellness Benefits

Retirement & Savings Plans

Global Parental Leave & Adoption Assistance

Employee Assistance Program

Tuition Reimbursement & Professional Qualification benefits

Job summary

Sompo is seeking a Senior Underwriter Financial Lines in Germany to manage a portfolio of Financial Lines contracts. This role involves independent contract negotiations and building strong client relationships in the German and Austrian markets.

The ideal candidate will have 5 to 10 years of experience in the insurance industry, especially within Financial Lines. Expertise in various Financial Lines products and excellent networking skills are essential for driving business growth and enhancing the Sompo brand.

Qualifications

• 5 to 10 years of experience in the insurance industry, with at least 5 years in Financial Lines.
• Ability to build and grow a profitable business in Financial Lines.

Responsibilities

• Manage and process a portfolio of Financial Lines contracts.
• Conduct independent contract negotiations and participate in client meetings.
• Develop business opportunities in the German and Austrian market.

Skills

Analytical skills

Negotiation skills

Networking skills

Knowledge of Financial Lines products

Presentation skills

Education

Qualification in law, business, or finance

Job description

Are you looking for your next opportunity? Sompo has a unique opportunity for a Senior Underwriter Financial Lines Germany. As Senior Underwriter Financial Lines, you will make a significant contribution to the growth and expansion of a well‑diversified, profitable and balanced Financial Lines portfolio.

Location

This position will be based out of our Cologne, Munich or Hamburg office.

What you’ll be doing:

• Independently manage and process a portfolio of Financial Lines contracts, including analyzing underwriting information and creating offers with appropriate terms and conditions to achieve expected profitability
• Conduct independent contract negotiations, participate in client meetings, and hold presentations to clients and brokers as part of policy renewals
• Maintain existing client and broker relationships as well as develop new business opportunities and co‑operations in the German and Austrian market
• Contribute actively to the development of underwriting strategies
• Support the development, introduction and modification of own products/product versions including monitoring of the local market and product developments
• Engage in proactive and distinctive sales activities with brokers, in‑house brokers and clients, and participate in Financial Lines events to promote the Sompo brand and increase submissions
• Active cross‑selling with other Sompo International Specialty Lines products, particularly identifying insurance needs arising from insured transactions
• Support the Head of Financial Lines Germany in the technical and professional training and supervision of (Associate) Underwriters in the team

What You’ll Bring:

• A recognized qualification in law, business and/or finance
• 5 to 10 years of professional experience in the insurance industry, with at least 5 years in the Financial Lines sector
• Experience in building and growing a profitable business in Financial Lines
• Proven disciplined approach to underwriting
• Experience in a start‑up environment or in developing new business and/or new products within an established company is an advantage
• Excellent networking skills and relationships with clients and brokers in Germany/Austria
• In‑depth knowledge of the German and European Financial Lines markets
• Strong product knowledge and previous underwriting experience in at least two of the following Financial Lines products:
  • Managerial Liability (D&O, Fidelity Insurance (VSV), EPL, PTL/Trustee, POSI)
  • Financial Institutions (FI D&O, FIPI, BBB, combined covers, POSI)
  • Professional liability (chambered professions)
  • Cyber
• Analytical, energetic, creative, adaptable, meticulous, determined, independent, intelligent, disciplined, assertive, proactive, hardworking, resilient, ambitious, team player
• Strong presentation and negotiation skills
• Ability to work under pressure and meet deadlines
• Ability to contribute, develop and deliver on local business plan and group strategy
• Independent, innovative and solution‑driven working attitude
• Excellent market relationships with a well‑established broker and client network
• Flexibility and willingness to travel and provide the highest quality of service
• Business fluent in German and English

Benefits

• Health & Wellness Benefits
• Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance
• Employee Assistance Program
• Tuition Reimbursement & Professional Qualification benefits