What are the responsibilities and job description for the Facultative Underwriting Intern position at Sompo?
We are seeking two Summer 2025 Facultative Underwriting Interns for the Reinsurance Facultative Team in New York City, NY.
The Internship Program is a 10-week development initiative designed to provide professional growth with potential long-term opportunity for successful individuals interested in the Insurance/Reinsurance industry.
What can I expect as an Intern?
On-the-job Learning
The Underwriting Intern will work alongside the most experienced underwriters in the industry to gain in-depth knowledge of our business units and underwriting philosophy through on-the-job learning, workplace mentoring as well as interact with departments associated with the underwriting process.
Responsibilities
Throughout the program, Interns will have the opportunity to hear from executive leaders, participate in structured, engaging leadership learnings, participate in networking events and activities with peers, members of our Executive team and outside brokerage firms, and be part of a project to present to their manager and mentor.
Qualifications
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.
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.
The Internship Program is a 10-week development initiative designed to provide professional growth with potential long-term opportunity for successful individuals interested in the Insurance/Reinsurance industry.
What can I expect as an Intern?
On-the-job Learning
The Underwriting Intern will work alongside the most experienced underwriters in the industry to gain in-depth knowledge of our business units and underwriting philosophy through on-the-job learning, workplace mentoring as well as interact with departments associated with the underwriting process.
Responsibilities
- Gain a solid understanding of the Company’s underwriting philosophy.
- Assist in the Fac underwriting process for new and renewal business.
- Assist with Fac account processing.
- Analyze and research current and proposed accounts, assist in analyzing market trends and help prepare underwriters for both meetings and audits.
- Participate in projects for the intern program as well as the department.
- Examples include market analysis; line of business research; product development.
- Accompany underwriters during internal meetings and occasional external marketing calls.
- Assist the team with special projects.
Throughout the program, Interns will have the opportunity to hear from executive leaders, participate in structured, engaging leadership learnings, participate in networking events and activities with peers, members of our Executive team and outside brokerage firms, and be part of a project to present to their manager and mentor.
Qualifications
- Currently enrolled in a bachelor’s or degree program studying Risk Management, Finance, or related major.
- Interest in learning niche reinsurance contract and language skills
- Excellent verbal and written communication skills
- Strong analytical and quantitative and interpersonal skills
- Ability to work in a fast-paced team environment with rapidly changing priorities and demands.
- Strong proficiency using Microsoft Office (Excel, Word, PowerPoint)
- Eligible candidates must be at least 18 years old and authorized to work in the United States without restriction.
- Candidates must be local to the PA/NYC area and/or able to provide their own housing and transportation.
- Local applicants who can contribute/work part – time in the office post the completion of the summer intern program
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.
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 : $20 - $22
