Senior Underwriter, Middle Market

SOMPO; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

This innovative firm is seeking a Senior Underwriter to join their Real Estate team in London. The role involves evaluating submissions, pricing risks, and building strong client relationships. With over 130 years of expertise, the company emphasizes a collaborative environment that fosters career development and inclusivity. You'll play a key role in expanding the business's market share while ensuring compliance with underwriting guidelines. If you have a passion for real estate underwriting and are looking for a dynamic workplace, this opportunity is perfect for you.

Benefits

Health & Wellness Benefits

Retirement & Savings Plans

Global Parental Leave

Adoption Assistance

Qualifications

• 8+ years of experience in Real Estate or P&C underwriting.
• Strong relationships with retail producers in the real estate sector.

Responsibilities

• Evaluate new and renewal submissions for profit opportunities.
• Price and analyze coverage and exposures on individual risks.
• Expand existing portfolio by developing client relationships.

Skills

Real Estate Underwriting

Negotiation Skills

Communication Skills

Risk Management

Education

Undergraduate Degree

Insurance Degree

Tools

Microsoft Office Suite

Job description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Senior Underwriter in our Real Estate team in the Middle Market.

Our Real Estate team within Middle Market is an established and solution-focused team, offering tailored underwriting programmes at exceptional service within the Real Estate sector. After continued growth, we are looking to expand our domestic and multinational market share with key broking partners in London and across the UK.

The Middle Market proposition offers comprehensive multi-line capabilities targeted at select industry verticals of real estate, hospitality, financial institutions, professional services, technology, and life science. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition.

Location:

This position will be based out of our London office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.

Our business, Your impact, Shared opportunity

What You’ll Be Doing

1. Prioritize and evaluate new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
2. Price and analyze coverage, structure, and exposures on individual risks.
3. Set appropriate terms and conditions per the Company underwriting strategy and guidelines to quote qualified risks.
4. Attend client/broker meetings, lunches, dinners, and other social outings as applicable.
5. Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems, and procedures.
6. Expand existing portfolio of business by developing existing relationships and new prospective clients.
7. Support our focus on building strong customer relationships balanced with a risk-mitigating and compliance-driven culture. Emphasis on proactive monitoring, governance, risk identification, escalation, and making sound risk decisions.
8. Conduct individual account underwriting audits as needed.
9. Complete underwriting referral applications for risks outside of your authority for higher-level approval as necessary.
10. Deep underwriting experience in the real estate sector.

What You’ll Bring

• Undergraduate, Insurance, or advanced degree preferred.
• At least 8+ years of Real Estate or P&C underwriting experience.
• Significant experience within the real estate sector.
• Established relationships with retail producers.
• Strong negotiation skills.
• Proficiency in Microsoft Office Suite (Excel, Word, and PowerPoint).
• Excellent communication (both written and verbal) skills.

Our Benefits

We continuously evaluate and update our benefit programs to meet the needs of our employees and their dependents. Highlights include:

• Expansive Health & Wellness Benefits
• Generous Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance

In today’s world, what do we stand for?

We aim to create exceptional value for clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue and believe in an inclusive, diverse workplace. We reject all forms of racism, bigotry, prejudice, and injustice, investing in building an inclusive environment.

About Us

Expert Partners. Clarity in complexity. Unwavering commitment.

We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance, with over 130 years of innovation. We are committed to simplifying your risk management journey, leading with your priorities, and crafting solutions tailored to your needs. Our 9,000+ employees worldwide use their expertise to solve complex challenges. When you choose Sompo, you choose the ease of expertise.

Sompo is an equal opportunity employer committed to a diverse workforce.

To learn more, visit our website at www.sompo-intl.com