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