Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for an Assistant Underwriter in our Cross-Class Portfolio team.
Our Cross-Class Portfolio team supports the effective underwriting and management of casualty and specialty programme business across the underwriting lifecycle. Working closely with underwriters, brokers, coverholders, operations, claims and actuarial teams, the team helps deliver strong delegated authority oversight, high-quality underwriting data, portfolio insight and governance support. This is an excellent opportunity to build expertise in delegated authority business, Lloyd’s market practices and portfolio management while developing toward an underwriting career.
Location: This position will be based out of our London 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:
Strategy and Planning
Understand and contribute to delivery of the divisional business plan, referring to Senior Underwriters or Underwriters where appropriate
Participate in relevant meetings to share insight, develop strategy, and promote knowledge and best practice
Promote the department, division, and wider company to maximise brand value and leverage
Apply the reinsurance strategy to protect the portfolio, referring to Senior Underwriters or Underwriters where appropriate
Policy, Process and Procedures
Perform underwriting activities, where authority is granted, in line with all legal and regulatory requirements to ensure obligations are met
Follow underwriting standards, instructions and good practice to minimise risk and maximise efficiency
Ensure insurance risks, including delegated underwriting authorities where relevant, are accurately recorded and measured in line with good practice, while developing understanding of policy wording changes
Maintain awareness and understanding of reinsurance requirements to minimise risk and support delivery of business plan objectives
Environmental Awareness/Customer Focus
Establish technical knowledge and judgement to support Senior/Underwriters with identifying issues and opportunities
Establishes, develops and strengthens relationships with stakeholders including customers, brokers, business partners and colleagues to maximise influence and achieve business objectives
Demonstrate support for market associations and trade bodies
Demonstrates an understanding and awareness of market dynamics and market cycle to drive and enhance business performance
Technical Performance
Develop expertise and technical knowledge by working with Head of/Senior/Underwriters to identify and complete appropriate learning and development activities
Underwrite insurance risks, where authority is granted, in line with the business plan and delegated underwriting authority. This includes negotiating rates, terms and conditions for new and existing business, supporting policy wording changes where appropriate, ensuring compliance with internal and external requirements, contributing to business objectives, and assisting credit control with premium collection where required
Maintain awareness of portfolio review and analysis to monitor progress against business objectives
Ensure all authorised business is appropriately peer reviewed and written in line with company underwriting standards and individual authority limits
People Management
Operate collaboratively with colleagues in the team to acquire knowledge and expertise and understand required standards of performance
Acts in accordance with, and is an advocate of the Sompo Values
What you’ll bring:
Understanding of, or strong interest in, delegated authority business and programme underwriting.
Strong Excel, analytical and data interpretation skills, with the ability to identify trends and performance drivers.
High attention to detail, strong organisational ability and effective…