Underwriting Assistant Analyst

Sompo International Holdings Ltd.

$90K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Relevant reinsurance industry experience with an understanding of reinsurance contract terms.
  • Facultative insurance experience preferred but not mandatory.
  • Strong oral and written communication skills with a positive attitude.
  • Detail-oriented with ability to thrive in a high-volume, time sensitive environment.
  • Ability to adapt priorities and manage multiple tasks effectively.
  • Sense of ownership and accountability, highly motivated.
  • Focus on delivering exceptional customer service.
  • Proficiency in Microsoft Suite and administrative platforms.

Responsibilities

  • Manage the lifecycle of underwriting submissions, including inputting details accurately into systems.
  • Process adjustments to earned premium income by addressing discrepancies with stakeholders.
  • Maintain documentation files per company guidelines.
  • Produce reports to support duties or respond to underwriter requests.
  • Communicate with clients and brokers to gather and clarify information regarding submissions.
  • Collaborate with team members to coordinate tasks and relay information.
  • Assist with audits by providing relevant documentation related to underwriting activities.
  • Provide excellent customer service while ensuring timely issue resolution.

Benefits

  • Choice of two medical plans, including a Traditional PPO and a Consumer Driven Health Plan with competitive contributions.
  • Comprehensive dental and vision benefits, including orthodontia.
  • Flexible Spending Accounts for healthcare and dependent care.
  • Company-paid life and disability benefits, with options for supplemental coverage.
  • 401(k) plan with competitive employer contributions.
  • Generous paid-time-off programs and paid holidays.
  • Parental leave benefits and adoption assistance.
  • Tuition reimbursement and professional qualification support.
  • Employee Assistance Program and tax-free commuter benefits.
Full Job Description

Job Description

Are you seeking your next opportunity?

Sompo has a unique opportunity for an Underwriting Assistant Analyst in our Reinsurance Operations Facultative teams.

Location: This position will be based out of our NYC; Garden City, NY; Conshohocken, PA; Morristown, NJ; Rocky Hill, CT; or Stamford, CT 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:

  • Manage program/contract level lifecycle including input all required underwriting submissions, quotes, declines, and bind details accurately and promptly into the appropriate underwriting systems.

  • Adjust earned premium income, processing premium and non-premium bearing endorsements, addressing discrepancies by liaising with underwriter, broker, client or internal teams across Sompo.

  • Maintain accurate file documentation in accordance with company guidelines.

  • Produce reporting in support of normal duties or on demand underwriter requests.

  • Communicate with clients, brokers, and underwriters to gather additional information, clarify details, and address inquiries regarding underwriting submissions.

  • Collaborate with underwriting team members to relay information, coordinate tasks, and support the overall underwriting process.

  • Assist with internal and external audits by providing documentation and information related to underwriting activities.

  • Deliver excellent customer service as well as displaying a sense of urgency when addressing inquiries, resolving issues to ensure a positive experience for clients and stakeholders.

What you’ll bring:

  • Relevant reinsurance industry experience, including a solid understanding of reinsurance contract terms and conditions.

  • Facultative insurance experience preferred but not required.

  • Strong oral/written communication skills, displaying a positive can-do attitude.

  • Detail-oriented ability to work in a high-volume and time sensitive environment.

  • Adaptive to adjusting priorities and/or working on multiple tasks.

  • Strong sense of ownership and accountability, highly motivated.

  • A strong focus and passion for delivering exceptional customer service.

  • Ability to work independently as well as part of a team.

  • Proficiency in Microsoft Suite and administrative platforms.

Salary Range: $90,000 – $130,000 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

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