Sompo International Holdings Ltd
Facultative Underwriting Intern
Sompo International Holdings Ltd, New York, NY, United States
As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.
Job Description
We are seeking two Summer 2025 Facultative Underwriting Interns for the Reinsurance Facultative Team in either Conshohocken, PA or New York City, NY.
The Internship Program is a 10-week development initiative designed to provide professional growth with potential long-term opportunity for successful individuals interested in the Insurance/Reinsurance industry.
What can I expect as an Intern?
On-the-job Learning
The Underwriting Intern will work alongside the most experienced underwriters in the industry to gain in-depth knowledge of our business units and underwriting philosophy through on-the-job learning, workplace mentoring as well as interact with departments associated with the underwriting process.
Responsibilities
Throughout the program, Interns will have the opportunity to hear from executive leaders, participate in structured, engaging leadership learnings, participate in networking events and activities with peers, members of our Executive team and outside brokerage firms, and be part of a project to present to their manager and mentor.
Qualifications
Salary Range: ___$20/hr_to $22/hr______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.
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.
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.
Job Description
We are seeking two Summer 2025 Facultative Underwriting Interns for the Reinsurance Facultative Team in either Conshohocken, PA or New York City, NY.
The Internship Program is a 10-week development initiative designed to provide professional growth with potential long-term opportunity for successful individuals interested in the Insurance/Reinsurance industry.
What can I expect as an Intern?
On-the-job Learning
The Underwriting Intern will work alongside the most experienced underwriters in the industry to gain in-depth knowledge of our business units and underwriting philosophy through on-the-job learning, workplace mentoring as well as interact with departments associated with the underwriting process.
Responsibilities
- Gain a solid understanding of the Company's underwriting philosophy.
- Assist in the Fac underwriting process for new and renewal business.
- Assist with Fac account processing.
- Analyze and research current and proposed accounts, assist in analyzing market trends and help prepare underwriters for both meetings and audits.
- Participate in projects for the intern program as well as the department.
- Examples include market analysis; line of business research; product development.
- Accompany underwriters during internal meetings and occasional external marketing calls.
- Assist the team with special projects.
Throughout the program, Interns will have the opportunity to hear from executive leaders, participate in structured, engaging leadership learnings, participate in networking events and activities with peers, members of our Executive team and outside brokerage firms, and be part of a project to present to their manager and mentor.
Qualifications
- Currently enrolled in a bachelor's or degree program studying Risk Management, Finance, or related major.
- Interest in learning niche reinsurance contract and language skills
- Excellent verbal and written communication skills
- Strong analytical and quantitative and interpersonal skills
- Ability to work in a fast-paced team environment with rapidly changing priorities and demands.
- Strong proficiency using Microsoft Office (Excel, Word, PowerPoint)
- Eligible candidates must be at least 18 years old and authorized to work in the United States without restriction.
- Candidates must be local to the PA/NYC area and/or able to provide their own housing and transportation.
- Local applicants who can contribute/work part - time in the office post the completion of the summer intern program
Salary Range: ___$20/hr_to $22/hr______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.
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.
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.