Facultative Reinsurance Underwriting Associate

Job Description

SompoRe has a unique opportunity for a Facultative Reinsurance Underwriting Associate on our Reinsurance Facultative team.

Location: This position will be based out of our NY/CT 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, our opportunity:

What you’ll be doing:

• Learn and participate in the underwriting of profitable property facultative reinsurance business in accordance with Sompo’s underwriting philosophy and guidelines.

• Develop and demonstrate underwriting proficiency.

• Assist with providing account management assistance for new business and existing accounts.

• Establish, develop and maintain productive and effective relationships with intermediaries and ceding companies as well as provide assistance for the ongoing performance management of accounts.

• May participate in ceding company file reviews for current and prospective clients.

• Regular travel to Customers and Brokers required – 25% on average 

What you’ll bring:

• Bachelor Degree with interest in industry designations along with some experience with P&C underwriting ideal.

• Strong client experience required handling negotiations, addressing complex issues and finding solutions along with excellent verbal and written communication skills and ability to follow up and through on commitments.

• Strongly proficient software skills, including Microsoft Office Suite, e.g. Excel, Word and Powerpoint.

• Ability to analyze internal and client data and present results and recommendations

• Operates efficiently and independently as well as a strong team player with a strong work ethic.

• Continuing-improvement orientation

Salary Range: $85,000 – $140,000 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.

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 option

• 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

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. Click here to 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.