Senior Underwriter, Financial Institutions

About the role

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.

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.
• Maintains 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

Benefits

Summary 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