Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for a Programmes Underwriter, US Casualty in our Cross-Class Portfolio team.
Our Cross Class Portfolio team manages a diverse portfolio of delegated authority business across multiple classes, with a strong focus on disciplined underwriting, portfolio oversight and data-driven decision-making. Working closely with brokers, coverholders and internal stakeholders, the team evaluates new opportunities, monitors performance and drives profitable growth through strong governance, underwriting expertise and market insight.
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
Education experience up to A-level or equivalent (preferable)
Undertaking/Interest in completing industry qualification e.g. CII (preferable)
Experience of working in an underwriting environment within a specialised/complex underwriting area (preferable)
Experience of resolving underwriting queries
Proficient in MS Office applications e.g. Excel and other departmental software packages
Good interpersonal and communication…