Reinsurance Surety Underwriting Intern

Sompo; Morristown (NJ); On-site; USD 28,000 - 30,000; Full time

Benefits offered by this job

Mentorship

Networking events

Executive leadership learnings

Project presentation opportunity

Job summary

Sompo is seeking a Reinsurance Underwriting Intern for our Surety team in Morristown, NJ. The 10-week internship provides on-the-job learning, mentoring, and exposure to executive leaders and brokerage interactions.

You will gain understanding of underwriting philosophy, assist in processes for new and renewal business, and participate in projects such as market analysis and product development.

Qualifications

• Currently enrolled in a bachelor’s or degree program studying Risk Management, Finance, or related major.
• Interest in learning reinsurance contracts and language skills.
• Excellent verbal and written communication skills.
• Strong analytical and quantitative and interpersonal skills.

Responsibilities

• Assist in underwriting process for new and renewal business.
• Assist with account processing.
• Analyze and research current and proposed accounts.
• Prepare underwriters for meetings and audits.

Skills

Analytical thinking

Interpersonal skills

Communication skills

Quantitative skills

Education

Pursuing degree in Risk Management/Finance

Tools

Microsoft Office

Job description

Are you looking for your next opportunity? SompoRe has a unique opportunity for a Reinsurance Underwriting Intern on our Surety team.

The Internship Program is a 10-week development initiative designed to provide professional growth with potential long-term opportunity for successful individuals interested in the Insurance/Reinsurance industry.

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

What can I expect as an Intern? On-the-job Learning. The Underwriting Intern will work alongside the most experienced underwriters in the industry to gain in-depth knowledge of our business units and underwriting philosophy through on-the-job learning, workplace mentoring as well as interact with departments associated with the underwriting process.

Activities, Learning and Development: Throughout the program, Interns will have the opportunity to hear from executive leaders, participate in structured, engaging leadership learnings, participate in networking events and activities with peers, members of our Executive team and outside brokerage firms, and be part of a project to present to their manager and mentor.

What you’ll be doing:

• Gain a solid understanding of the Company’s underwriting philosophy.
• Assist in the underwriting process for new and renewal business.
• Assist with account processing.
• Analyze and research current and proposed accounts, assist in analyzing market trends and help prepare underwriters for both meetings and audits.
• Participate in projects for the intern program as well as the department.
• Examples include market analysis; line of business research; product development.
• Accompany underwriters during internal meetings and occasional external marketing calls.
• Assist the team with special projects.

What You’ll Bring:

• Currently enrolled in a bachelor’s or degree program studying Risk Management, Finance, or related major.
• Interest in learning reinsurance contract and language skills
• Excellent verbal and written communication skills
• Strong analytical and quantitative and interpersonal skills
• Ability to work in a fast-paced team environment with rapidly changing priorities and demands.
• Strong proficiency using Microsoft Office (Excel, Word, PowerPoint)
• Eligible candidates must be at least 18 years old and authorized to work in the United States without restriction.
• Candidates must be local to the NYC area and/or able to provide their own housing and transportation.

Salary Range: $20/hr. - $22/hr. Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

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.

Our values come to life in how we hire and grow talent. 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.