New York City, North Carolina, United States of America
Full Time
3 weeks ago
$190,000 - $250,000 USD
Visa Sponsor
Key skills
Negotiation
About this role
Role Overview
Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards
Able to quickly review applications and financial requirements to determine acceptability of risk in accordance with Sompo guidelines and standards
Good understanding of pricing components and rating methodology; prices risk based on financial and competitive analysis
Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed
Exhibits strong technical underwriting skills through strategic, thorough account reviews and file documentation
Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory
Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risks
Keeps current on state/territory issues, regulations, and trends
Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.
Requirements
Minimum 10 plus years of underwriting/insurance experience
Bachelor’s Degree preferred
Well verse and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents and specialty retailers
Proficient with matrix reporting management
Experience in underwriting reverse flow business, manufacturing, wholesale/retail, food processing, technology, and life sciences risks
Risk engineering experience is preferred
Established underwriting, quoting, and binding track record of profitable business
Proven track record of building and maintaining strong business relationships with insureds, agents & brokers on both a regional and national level
Strong negotiation skills
Team player and collaborative by nature
Strong attention to detail
Benefits
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