Underwriter, CML

Endurance Services Limited (US); Chicago (IL); On-site; USD 80,000 - 125,000; Full time

Benefits offered by this job

Medical plans

Dental coverage

Vision plan

Life & AD&D

Disability benefits

401(k)

Paid time off

Parental leave

Tuition reimbursement

Employee assistance

Job summary

Sompo is seeking an Underwriter, Commercial Management Liability, based in Chicago, IL. The role focuses on underwriting, pricing, and servicing profitable CML business while strengthening broker relationships across the Mid-Atlantic region.

The position requires 1–4 years in underwriting and strong communication, analytical, and organizational skills, with travel around 10% of the time. Competitive salary offered.

Qualifications

• 1–4 years in the financial sector and/or underwriting experience preferred.
• Excellent oral and written communication skills.
• Strong analytical and organizational skills.

Responsibilities

• Focus on production, underwriting, and servicing of profitable Commercial Management Liability business with emphasis on capacity, attachment points, terms, and pricing.
• Maintain and develop broker relationships within the Chicago region with wholesale/retail partners.
• Develop and execute marketing plans to retain existing business and generate new opportunities within CML risk appetite.
• Interact, communicate, and negotiate with internal and external partners at all levels.
• Monitor industry trends by reading financial news and data sources and adjust strategies accordingly.
• Build a field service reputation recognized as superior in the industry.

Skills

Underwriting

Broker relationships

Analytical skills

Communication skills

Travel readiness

Job description

Our business, your impact, our opportunity:

Job DescriptionAre you looking for your next opportunity? Sompo has a unique opportunity for an Underwriter, Commercial Management Liability as part of our CML team. Our Sompo Commercial Management Liability team offers diverse capabilities targeted at providing Directors & Officers, Employment Practices, Fiduciary, and Commercial Crime Liability coverages for publicly-traded and privately-held companies, as well as non-for-profit organizations. We work through a network of Retail & Wholesale brokers who share our commitment to long-term partnerships built on a strong service proposition.

Location: This position will be based out of our Chicago, IL 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:

• Focuses on the production, underwriting, and servicing of profitable Commercial Management Liability business with an emphasis on properly determining capacity, attachment points, terms, and pricing.
• Maintaining & enhancing existing broker relationships, as well as identifying and developing new relationships within the Mid-Atlantic region with both retail and wholesale partners.
• Developing and executing marketing plans aimed at retaining existing business and producing new opportunities that fit within the CML division risk appetite.
• Interacting, communicating and negotiating with all levels of external and/or internal business partners.
• Monitors all industry and specific account trends by closely monitoring financial news and stock market developments through reading of the WSJ, Capital IQ, SNL, Moody’s and other data sources.
• Implements a field service reputation that is recognized as superior in the industry.

What you’ll bring:

• Ability to build and foster relationships with brokerage contacts within the Chicago Region Wholesale Network.
• 1-4 years in the financial sector and/or Underwriting & Insurance experience preferred
• Excellent oral and written communication skills
• Strong analytical and organizational skills
• Ability to travel approximate 10% of the time

Salary Range: $80,000 - $125,000

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.

Benefits:

• 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
• Vision benefits
• 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
• Tuition Reimbursement & Professional Qualification benefits

Equal Opportunity Statement

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.

Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 137 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 10,000 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™. "Sompo" refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange. To learn more please follow us on LinkedIn or visit sompo-intl.com.