Senior Underwriter, Financial Institutions

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Senior Underwriter in our Financial Institutions (FI) team.

Our Sompo Financial Institutions team offers diverse capabilities targeted at providing Directors & Officers (D&O), Errors & Omissions (E&O) Employment Practices (EPL), Fiduciary (FLI), and Fidelity as part of our portfolio of products. 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 New York, NY 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:

• Underwrite and maintain a profitable portfolio of Financial Institution risks with a focus on the Eastern region that will enable maximum penetration of profitable business.

• Fully underwrite all accounts in accordance with underwriting guidelines and individual authority granted by management.

• Develop a marketing plan for each assigned producer/territory; including tactics for individual broker success at the ground level.

• Identify and build a pipeline of new business opportunities. Focus on new client prospects as well as expanded business with existing clients.

• Work collaboratively with actuarial and claims in the pricing and underwriting of risks

• Structure and price programs based on unique customer needs

• Monitors all industry trends through leading data sources.

• Implements a field service reputation that is recognized as superior in the industry.

What you’ll bring:

• 5+ years of underwriting/insurance experience

• Financial Institutions products underwriting background

• Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers.

• Established relationships including onshore visibility with producers and customers

• Strong analytical, marketing and communication skills

• Willingness to travel as needed to support business activities

• Bachelor’s degree preferred

Salary Range: $100,000 – $165,000 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 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

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.