Sr. Underwriter, E&S Property

Sompo; Conshohocken (Montgomery County); Hybrid; USD 100,000 - 170,000; Full time

Benefits offered by this job

Health insurance options

401(k) Retirement Savings Plan

Generous paid-time-off programs

Job summary

Sompo is seeking a Senior Underwriter for their E&S Property team. This role focuses on underwriting risks associated with commercial occupancies, allowing for remote collaboration across various U.S. locations. Candidates should have a background in insurance underwriting, particularly in Manufacturing and Industrial sectors.

The position offers a salary range of $100,000 to $170,000 based on experience and location. Applicants should possess strong communication skills and a collaborative spirit.

Qualifications

• Minimum of 5 years of insurance underwriting experience, focus on Manufacturing/Industrial preferred.
• Strong relationships with large brokers at regional and national levels.
• Experience with underwriting all sizes of accounts.

Responsibilities

• Reviews applications to determine acceptability of risk.
• Ensures underwriting guidelines are followed.
• Keeps current on regulations and trends.

Skills

Insurance underwriting experience

Attention to detail

Negotiation skills

Communication skills

Team collaboration

Education

Bachelor's Degree preferred

Job description

Sompo has a unique opportunity for a Senior Underwriter in our E&S Property team.

Our E&S Property team considers all types of commercial occupancies for catastrophe protection based on individual risk characteristics. We entertain single location risks as well as large schedules of locations and consider risks throughout the US including those located in both catastrophe prone and non-catastrophe prone areas.

Location

This position will be based out of our New York, NY; Morristown, NJ: Alpharetta, GA; Chicago, IL; Dallas, TX and Conshohocken, PA areas. 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

• Reviews applications and financial requirements to determine acceptability of risk in accordance with Endurance guidelines and standards
• Understands pricing components and rating methodology as well as use of the predictive modelling tools; prices risk based on financial and competitive analysis
• Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed
• Demonstrates technical underwriting skills through strategic, thorough account reviews and file documentation
• Prepares or analyses information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory
• Adheres to CAT guidelines and underwriting discipline to minimize exposure and appropriately price
• Keeps current on state/territory issues, regulations and trends

What You'll Bring

• Minimum of 5 years of insurance underwriting experience; emphasis on Manufacturing / Industrial occupancies preferred
• Bachelor’s Degree preferred
• Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers
• Experience successfully underwriting, quoting, and binding profitable business
• Relationships with large brokers on both a regional and national level
• Strong attention to detail & negotiation skills
• Excellent oral and written communication skills
• Team player and collaborative by nature

Salary Range

$100,000 – $170,000. 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.

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.

Summary

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 our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
• Pharmacy benefits with mail order options
• Dental benefits including orthodontia benefits for adults and children
• Health Care & Dependent Care Flexible Spending Accounts
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
• Company-paid Disability benefits with very competitive salary continuation payments
• 401(k) Retirement Savings Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Tax-Free Commuter Benefit

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.