What are the responsibilities and job description for the Senior Technical Specialist position at Sompo International Holdings Ltd?
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 a Senior Technical Specialist in our Casualty team.
This position reports to VP of Primary Casualty Claims. The successful candidate will be able to provide insight and analysis on a variety of General Liability Primary Casualty claims, as well as act as a liaison between underwriting, claims, and our Third-Party Administrators.
Location : This position will be based out of our New York, NY, Garden City, NY, Morristown, NJ, Charlotte, NC or Alpharetta, GA officeWe 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 :
- Handle Sompo Casualty claims (primary and / or excess) and related systems and processes
- Provide technical oversight and guidance to TPA claim handlers and supervisors
- Adherence to client-specific claim handling guidelines, providing coverage and analytical analysis of potential exposures
- Communicate appropriate responses to management and underwriters on new losses
- Manage counsel where assigned; develop and execute strategy to control expenses and resolve litigated claims
- Establish appropriate reserves; Analyze loss and expense trends on a portfolio of claims and assist in the development and implementation of plans to improve results
- Provide written assessments on loss trends and high exposure cases
- Ensure that all claim information is reviewed and accurately and timely recorded; proactively manage correspondence and claim files and maintain a current diary in compliance with company standards
- Effectively represent the company's interests in meetings and negotiations; maintain a high level of claim and industry related expertise in order to assure technical competency and communicate to team members regarding significant issues and relevant changes
- Support underwriters and actuaries during the renewal process, communicating with and supporting underwriting and other functional groups within the organization.
- Consult on policy and endorsement drafting where necessary
- Evaluate exposures and make substantive claim decisions for Sompo claims.
- Ensure appropriate narrative and arithmetic reports are timely prepared and disseminated.
- As part of the Global Sompo Claims Team you will be expected to contribute to the success of the team by working closely with your colleagues worldwide on various projects as directed by the EVP, Global Insurance Claims and other members of Executive Team. This may include attending various industry conferences, possibly as a speaker / presenter, publishing on current claim trends and issues and assisting other offices on complex claims.
- Some travel as required.
What you'll bring :
Salary Range : $80,000 - $120,000 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 :
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.
Salary : $80,000 - $120,000
