What are the responsibilities and job description for the Sr Underwriter, Commercial Management Liability position at Sompo?
Are you looking for your next opportunity?
Sompo has a unique opportunity for a Senior Underwriter in our Commercial Management Liability (D&O) team.
Our Sompo Commercial Management Liability team offers diverse capabilities targeted at providing Directors & Officers, Employment Practices, Fiduciary, and Commercial Crime Liability coverages for publicly-traded and privately-held companies, as well as not-for-profit organizations. 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 Boston 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:
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.
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:
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.
Sompo has a unique opportunity for a Senior Underwriter in our Commercial Management Liability (D&O) team.
Our Sompo Commercial Management Liability team offers diverse capabilities targeted at providing Directors & Officers, Employment Practices, Fiduciary, and Commercial Crime Liability coverages for publicly-traded and privately-held companies, as well as not-for-profit organizations. 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 Boston 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:
- Develop and maintain a profitable portfolio of Management Liability risks with a focus on the Northeast region that will enable maximum penetration of profitable business.
- Develop and maintain a marketing plan for each assigned producer/territory; including tactics for individual broker success at the ground level. Develops Prospect lists.
- Fully underwrites all accounts in accordance with underwriting guidelines and individual authority granted by management.
- 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.
- Monitor portfolio retention, growth and profitability.
- Participate in national and regional industry events.
- Creates and utilizes marketing materials and other product collateral to support marketing and production initiatives.
- Monitors all industry and specific account trends through reading of the WSJ, Capital IQ, SNL, Moody’s and other data sources. Implements a field service reputation that is recognized as superior in the industry.
- 5 years of underwriting/insurance experience
- Management liability products underwriting background, including D&O, Fiduciary, Crime and EPL products
- Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers
- Strong analytical, marketing and communication skills
- Experience successfully underwriting, quoting, and binding profitable business
- Established relationships including onshore visibility with producers and customers
- Strong attention to detail
- Bachelor’s degree preferred
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.
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
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.
