Underwriting Technician - Middle Market (R2386)

Are you looking for your next opportunity?

Sompo has a unique opportunity for an Underwriting Technician in our Middle Market Underwriting Support team.

Our Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and life science. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition.

Location: This position will be based out of our Charlotte NC, New York City or Morristown NJ 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

• Assist underwriters with submissions, rating accounts, drafting quotes, binders, policies, and endorsements.
• Codes, bills, registers, processes, and distributes insurance invoices, binders, policies, and endorsement within processing standards established by leadership.
• Prepare and maintain underwriting files, such as underwriting workbooks, ensuring for file integrity
• Contacts external distribution partners for any required or outstanding underwriting information; pre or post binding as needed to underwrite and complete file documentation.
• Review and analyze facultative reinsurance certificates as determined by management
• Ensure all underwriting activities comply with company policies, industry standards, and regulatory requirements
• Analyze and resolve premium discrepancies such as partnering with accounting to settle overdue premiums
• Implement and maintain a field service reputation that is recognized as superior in the industry

What you’ll bring

• 2 years of underwriting support experience
• Ability to effectively communicate information and ideas to drive our business
• Technical capabilities such as Microsoft Office Suite and Adobe Acrobat
• Undergraduate degree or demonstrable industry experience
• Ability and willingness to learn and understand terminology, coverages and appetite for specific industry groups and customers.

Salary 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 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

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.

Job Type: Full-time

Pay: $60,000.00 - $75,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Ability to Commute:

• Morristown, NJ 07960 (Required)

Ability to Relocate:

• Morristown, NJ 07960: Relocate before starting work (Required)

Work Location: In person

Salary : $60,000 - $75,000