Senior Underwriter Financial Lines

RxREVU, Inc.; Köln; Hybrid; EUR 70,000 - 90,000; Full time

Benefits offered by this job

Health & Wellness Benefits

Retirement & Savings Plans

Global Parental Leave

Tuition Reimbursement

Job summary

Sompo is looking for a Senior Underwriter Financial Lines in Cologne. In this role, you will manage a portfolio of contracts, conduct negotiations, and maintain client relationships in the German and Austrian market.

The candidate should have 5-10 years of experience in the insurance industry, particularly in Financial Lines. A recognized qualification in law, business, or finance is required. Sompo offers competitive compensation and a variety of benefits.

Qualifications

• 5 to 10 years professional experience in insurance, with at least 5 years in Financial Lines.
• Experience in building and growing a profitable business in Financial Lines.
• Strong product knowledge and previous underwriting experience in at least two Financial Lines products.

Responsibilities

• Manage and process Financial Lines contracts.
• Conduct contract negotiations and hold client presentations.
• Develop new business opportunities in the German and Austrian market.
• Support development of underwriting strategies.

Skills

Analytical skills

Networking skills

Presentation skills

Negotiation skills

Underwriting

Business fluent in German

Business fluent in English

Education

Qualification in law, business, or finance

Job description

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. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

What you'll be doing:

• Independently manage and process a portfolio of Financial Lines contracts including analyzing underwriting information, performing the underwriting including 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 the monitoring of the local market and product developments
• Proactive and distinctive sales activities with brokers, in-house brokers and clients as well as participation in Financial Lines events to promote awareness of the Sompo brand and increase the number of submissions
• Active cross-selling with other Sompo International Specialty Lines products, in particular identifying insurance needs arising from an insured transaction
• 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 professional experience in the insurance industry of which 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 to 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

At Sompo, 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 some of the benefits we offer, which may vary depending on the country:

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

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values-Accountability, Agility, Collaboration, Development, and Integrity-we build trust and support one another to achieve our goals worldwide. Life at Sompo page

Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work.

If you need an accommodation for any part of the application process, please contact the recruiter in charge.