Commercial Lines Technical Underwriting Assistant

Job Description

Are you looking for your next opportunity?

Sompo has an opportunity for a Commercial Lines Technical Underwriting Assistant for our Sompo Canada team.

Location: This position will be based out of our Toronto, Canada 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:

• Collect all relevant information for new and renewal business which could include: Statement of Values, BI Worksheets, and Risk Reports.

• Set up of underwriting files: Assist underwriters in the review and analysis of insurance applications, ensuring accuracy and completeness. Assist in evaluating and assessing risks by gathering and verifying necessary information, such as reports and loss history.

• Data Entry: Accurately enter policy information into the company's database and maintain electronic records.

• Communication: Collaborate with brokers, agents, and clients to obtain required documentation and address inquiries related to underwriting processes.

• Documentation: Prepare and maintain underwriting documents, reports, and correspondence as required. Prepare and issue insurance policies, quotes, endorsements, binders and certificates to clients and brokers.

• Compliance: Ensure that all underwriting activities comply with company guidelines, policies, and regulatory requirements.

• Reporting: Assist in the preparation of underwriting reports and analysis to support decision-making.

• Assist with booking of premiums, invoicing and payment reminders.

• Partner with underwriters to ensure all underwriting files and documents are saved in accordance with companies policies and company software (image-right/share drive).

• Provide back up to other Technical Underwriting Assistants when needed.

• Maintain a high level of integrity and ethical standards in all underwriting practices.

What you’ll bring:

• High school diploma or equivalent; a bachelor's degree in a related field is a plus.

• Prior experience in the insurance industry is preferred including: Knowledge of commercial insurance products, coverages, underwriting guidelines, and risk assessment techniques.

• Proficiency in using software and Microsoft Office Suite (Word, Excel, Outlook, SharePoint).

• Strong organizational skills and the ability to manage multiple tasks and priorities.

• Excellent communication and interpersonal skills to work effectively with team members and external partners.

• Attention to detail and a commitment to accuracy.

• Knowledge of Canadian insurance regulations and industry standards is a plus.

Salary Range: $70,000 – $85,000 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.

This job description outlines the general nature and level of work performed by individuals assigned to this position. It does not restrict the management's right to assign or reassign duties and responsibilities to this job at any time.  

Sompo offers a competitive salary, comprehensive benefits package, and opportunities for professional growth and development.  

Sompo is committed to employment practices, including recruitment and hiring practices, that are inclusive and accessible. Accommodations for individuals with disabilities are available. Should you require accommodation, please contact human resources at [email protected].   

Visit our website at www.sompo-intl.com