Sr. Underwriter, E&S Property

Sompo; Morristown (NJ); On-site; USD 100,000 - 170,000; Full time

Benefits offered by this job

Medical and dental benefits

401(k) Retirement Savings Plan

Paid time off programs

Job summary

Sompo is looking for a Senior Underwriter to join our E&S Property team, focusing on catastrophe protection for various commercial occupations. This position is based in Morristown, NJ, or other specified locations.

The ideal candidate will possess 5+ years of underwriting experience, strong attention to detail, and excellent communication skills. Join us for a collaborative work environment with competitive compensation and comprehensive benefits.

Qualifications

• Minimum of 5 years of insurance underwriting experience; emphasis on Manufacturing/Industrial occupancies preferred.
• Experience in working with large brokerage houses, wholesalers, and specialty retailers.
• Proven track record of underwriting profitable business.

Responsibilities

• Review applications and financial requirements to assess risk acceptability.
• Utilize underwriting tools and maintain adherence to guidelines.
• Keep abreast of state/territory issues, regulations, and trends.

Skills

Insurance underwriting experience

Attention to detail

Negotiation skills

Oral and written communication skills

Team collaboration

Education

Bachelor’s Degree

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 analyzes 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.

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.

Benefits Summary

• 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

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

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Learn more about life at Sompo.

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.