Job Description
Sompo has a unique opportunity for an Underwriting Technician in our Property team.
Our Property Underwriting team provides coverages including, but not limited to, Property All Risks, Fire, Windstorm, Flood, Earthquake, Wildfire, Severe Convective Storm and Terrorism . Our clients are global Fortune 1000 companies, domiciled in North America, UK, Western Europe and around the World. We work through a network of brokers who share our commitment to long-term partnerships built on a strong service proposition.
Location: This position will be based out of our Bermuda 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:
Support Property Underwriters throughout the policy lifecycle, including quoting, binding, registration (SAP), policy issuance, and post-bind processing.
Enter, maintain, and validate submission data for new and renewal business, ensuring accuracy of expiring structures, endorsements, and related policy records.
Create, organize, and maintain underwriting files for new and renewal accounts, ensuring all required documentation is complete, accurate, and compliant with company standards.
Coordinate with external distribution partners and internal underwriters to obtain outstanding underwriting information and documentation, including workups, referrals, rating tools, quotes, binders, and related correspondence.
Maintain account diaries and proactively track outstanding action items to ensure timely completion of underwriting and policy processing requirements.
Generate loss information and supporting account data for underwriting reviews and renewal preparation and prepare and maintain rating models to support pricing and analysis.
Provide additional support to the Property Underwriting team including premium payment tracking, calendar management and client meetings.
What you’ll bring:
A minimum of 1 year of relevant experience, preferably within the P&C insurance industry
Strong computer skills including proficiency in Microsoft Word, Excel, and Outlook
Ability to multi-task and prioritize assignments whilst maintaining a high degree of accuracy
Highly organized with strong attention to detail and a methodical, process-driven approach
Ability to deliver consistent, high-quality work while managing deadlines, shifting priorities and periods of increased operational intensity
Strong communication and interpersonal skills
Demonstrates curiosity, initiative, and proactive approach to developing new skills
Bachelor’s degree or equivalent professional experience
Salary Range: 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 Bermuda benefit programs:
Comprehensive health plan offering Medical and prescription coverage
Dental benefits including orthodontia benefits for adults and children
Vision benefits
Company-paid Life & AD&D benefits
Company-paid…