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Job Description
Job Description Are you seeking your next opportunity? Sompo has a unique opportunity for an Underwriting Assistant Analyst in our Reinsurance Operations Facultative teams. SompoRe operates in key markets worldwide, bringing to each account our specialized capabilities for a wide range of reinsurance products and a depth of understanding of local cultures. Our disciplined approach to risk management and claims handling, coupled with strong analytical skills, enables us to provide broad multiline capability to successfully underwrite risks across our clients' insurance portfolios. With global experience and local expertise in key markets worldwide, SompoRe has deep bench strength across all disciplines and above all, remains a stable and constant trading partner throughout all market cycles.
Location:
This position will be based out of our NYC; Garden City, NY; Conshohocken, PA; Morristown, NJ; Rocky Hill, CT; or Stamford, 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: Manage program/contract level lifecycle including input all required underwriting submissions, quotes, declines, and bind details accurately and promptly into the appropriate underwriting systems. Adjust earned premium income, processing premium and non-premium bearing endorsements, addressing discrepancies by liaising with underwriter, broker, client or internal teams across Sompo. Maintain accurate file documentation in accordance with company guidelines. Produce reporting in support of normal duties or on demand underwriter requests. Communicate with clients, brokers, and underwriters to gather additional information, clarify details, and address inquiries regarding underwriting submissions. Collaborate with underwriting team members to relay information, coordinate tasks, and support the overall underwriting process. Assist with internal and external audits by providing documentation and information related to underwriting activities. Deliver excellent customer service as well as displaying a sense of urgency when addressing inquiries, resolving issues to ensure a positive experience for clients and stakeholders. What you'll bring: Relevant reinsurance industry experience, including a solid understanding of reinsurance contract terms and conditions. Facultative insurance experience preferred but not required. Strong oral/written communication skills, displaying a positive can-do attitude. Detail-oriented ability to work in a high-volume and time sensitive environment. Adaptive to adjusting priorities and/or working on multiple tasks. Strong sense of ownership and accountability, highly motivated. A strong focus and passion for delivering exceptional customer service. Ability to work independently as well as part of a team. Proficiency in Microsoft Suite and administrative platforms.
Salary Range:
$90,000 - $130,000 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 Who we are and what we stand for: At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge. We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 137 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 10,000 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™. "Sompo" refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange. To learn more please follow us on LinkedIn or visit sompo-intl.com.
