Sompo International Holdings Ltd
Underwriting Technician, Large Casualty
Sompo International Holdings Ltd, New York, New York, us, 10261
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
Are you looking for your next opportunity?
Sompo has a unique opportunity for an
Underwriting Technician
in our
Large Casualty Underwriting Support
team.
Location:
This position will be based out of our
New York City, Morristown NJ or Charlotte NC
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:Assists underwriters with reviewing submissions, rating accounts, drafting quotes, binders, policies, and endorsements.Performs underwriting analysis and completes risk reports.Codes, bills, registers, processes, and distributes insurance invoices, binders, policies, and endorsement within processing standards established by leadership.Prepares all policies in accordance with final binders inclusive of review by underwriting staff.Maintain file integrity by ensuring all necessary documents are filed in ImageRight.Initiates, completes, and sends quote letters to brokers.Rates various lines of business following set workflows and guidelines.Contacts external distribution partners for any required or outstanding underwriting information; pre or post binding as needed to underwrite and complete file documentation.Implements and maintains a field service reputation that is recognized as superior in the industry.Provides support for file audits by maintaining files and conducting file reviews, QA/QC as needed.Review and resolve premium discrepancies; help other UAs with premium discrepancies.Initiates and completes pricing models.Monitors the in-office underwriting workflow to meet designated timelines established by management.Reviews and analyze facultative reinsurance certificates as determined by management.Assists with the appointment process for new agents.Facilitates event and meeting planning, including providing agendas and key data.Requests quotes for jurisdiction inspections and help UT manager with vendor management (property specific)Serves as first point of contact for loss control and claims.Returns of calls and e-mails promptly and in all cases, within 24 hours of receiptProvides back up support to other Underwriting Technicians as necessary.Process and sign-off on endorsements within authorityParticipate in workflow and process management with vendors.Responsible for Underwriting AnalysisParticipate in the creation and development of the team's underwriting workflows and processes.Performs other special projects as assigned.What you'll bring:
Bachelor's degree or equivalent experience2 years of experience as a technical/underwriting assistant with similar dutiesKnowledge of and willingness to work as a team, supporting internal and external customers.Ability and willingness to learn and understand terminology, coverages and appetite for specific industry groups and customers.Strong problem solving and decision-making abilities.Exceptional oral and written communication skills. Your communication style is flexible to the situation. You communicate clearly and with a purpose.Advanced proficiency with the Microsoft suite of products, NitroPro & ImageRight and Adobe AcrobatAble to multi-task while demonstrating attention to detail.Calm under pressure. Excellent organizational skills, integrity, and great follow-through on tasks. Comfortable challenging norms while working collaboratively with colleagues at all levels of the organization.A strong customer service bias. Want to get to yes. Known for your super responsiveness.Team player and collaborative by natureSalary Range:
$60,000 - $75,000 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 optionsDental benefits including orthodontia benefits for adults and children.Vision benefitsHealth Care & Dependent Care Flexible Spending AccountsCompany-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 payments401(k) Retirement Savings Plan with competitive employer contributionsCompetitive paid-time-off programs, including company-paid holidays.Competitive Parental Leave Benefits & Adoption Assistance programEmployee Assistance ProgramTax-Free Commuter BenefitTuition 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.
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
Are you looking for your next opportunity?
Sompo has a unique opportunity for an
Underwriting Technician
in our
Large Casualty Underwriting Support
team.
Location:
This position will be based out of our
New York City, Morristown NJ or Charlotte NC
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:Assists underwriters with reviewing submissions, rating accounts, drafting quotes, binders, policies, and endorsements.Performs underwriting analysis and completes risk reports.Codes, bills, registers, processes, and distributes insurance invoices, binders, policies, and endorsement within processing standards established by leadership.Prepares all policies in accordance with final binders inclusive of review by underwriting staff.Maintain file integrity by ensuring all necessary documents are filed in ImageRight.Initiates, completes, and sends quote letters to brokers.Rates various lines of business following set workflows and guidelines.Contacts external distribution partners for any required or outstanding underwriting information; pre or post binding as needed to underwrite and complete file documentation.Implements and maintains a field service reputation that is recognized as superior in the industry.Provides support for file audits by maintaining files and conducting file reviews, QA/QC as needed.Review and resolve premium discrepancies; help other UAs with premium discrepancies.Initiates and completes pricing models.Monitors the in-office underwriting workflow to meet designated timelines established by management.Reviews and analyze facultative reinsurance certificates as determined by management.Assists with the appointment process for new agents.Facilitates event and meeting planning, including providing agendas and key data.Requests quotes for jurisdiction inspections and help UT manager with vendor management (property specific)Serves as first point of contact for loss control and claims.Returns of calls and e-mails promptly and in all cases, within 24 hours of receiptProvides back up support to other Underwriting Technicians as necessary.Process and sign-off on endorsements within authorityParticipate in workflow and process management with vendors.Responsible for Underwriting AnalysisParticipate in the creation and development of the team's underwriting workflows and processes.Performs other special projects as assigned.What you'll bring:
Bachelor's degree or equivalent experience2 years of experience as a technical/underwriting assistant with similar dutiesKnowledge of and willingness to work as a team, supporting internal and external customers.Ability and willingness to learn and understand terminology, coverages and appetite for specific industry groups and customers.Strong problem solving and decision-making abilities.Exceptional oral and written communication skills. Your communication style is flexible to the situation. You communicate clearly and with a purpose.Advanced proficiency with the Microsoft suite of products, NitroPro & ImageRight and Adobe AcrobatAble to multi-task while demonstrating attention to detail.Calm under pressure. Excellent organizational skills, integrity, and great follow-through on tasks. Comfortable challenging norms while working collaboratively with colleagues at all levels of the organization.A strong customer service bias. Want to get to yes. Known for your super responsiveness.Team player and collaborative by natureSalary Range:
$60,000 - $75,000 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 optionsDental benefits including orthodontia benefits for adults and children.Vision benefitsHealth Care & Dependent Care Flexible Spending AccountsCompany-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 payments401(k) Retirement Savings Plan with competitive employer contributionsCompetitive paid-time-off programs, including company-paid holidays.Competitive Parental Leave Benefits & Adoption Assistance programEmployee Assistance ProgramTax-Free Commuter BenefitTuition 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.