Sompo International Boston , MA 02298
Posted 1 week ago
As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.
Job Description
Sompo is seeking a Property Underwriting and Product Specialist that would sit in any of the below Sompo Office locations to support the Property Product in the U.S., Canada, Mexico, Bermuda and Globally, where applicable.
The Property Underwriting and Product Specialist role will provide product market analysis of Sompo's Property Product and Technical Support to the Property Underwriters and Underwriting Technicians. This position is a part of the Chief Strategic Officer's Organization and will directly report into the Senior Vice President, Property Product & Underwriting Leader.
Essential Duties and Responsibilities
Identify and implement new and revised workflows within existing capabilities and as new functionality is released
Manage multiple technical responsibilities and identify opportunities for improvement in operational business processes, in the following areas:
Systems implementation
Equipment Breakdown workflow and system implementation
Multinational policy underwriting and workflow management
Technical Property training and development
Underwriting communication and documentation through SharePoint and other tools
Provide counsel and training on general property insurance, technical topics/forms and underwriting best practices across multiple business units, including Legal, Operations and Compliance
Monitor and liaise various audits (underwriting, internal department audit, treaty reinsurance audit) and identify opportunities for improvement through training, automation, and workflow management
Identify opportunities to improve or introduce new Property related products and services
Support Sompo product and underwriting through analysis and management of current/future needs
Assist in standardization and automation of underwriting tools across global business units
Assist in development of underwriting strategy and guidance
Analyze reports to aid in Property portfolio and industry underwriting
Identify specific growth and loss drivers
Discover data-driven recommendations for portfolio improvement
Coordinate with business unit leaders and learning/development teams to develop educational pathways that align with underwriting specializations
Work closely with Project Managers on strategy/plan, development, and implementation of projects
Lead communications related to the status of projects and deliverables
Other duties as required by management
Qualifications
Bachelor's degree preferred
8-10 years Commercial Property Underwriting preferred
Ability to communicate and gain buy in from all levels of the organization to include Executive Leadership
History of coordination and cross collaboration in a matrixed and cross disciplined environment
Strong negotiating, analytical, written, and organizational skills
Strong technical aptitude with expert level computer skills
Experience in policy rating and claims systems preferred
Guidewire, Genius, Image Right and Claims Center
Collaborative communication that fosters problem solving and autonomy
Experience that translates business needs into efficient technology solutions with success measures
Results driven with an ability to work autonomously as a self-starter
Salary Range: $110,000- $185,000 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 International, 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
Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V
Visit our website at www.sompo-intl.com
Sompo International