Underwriting Technician, Primary Retail Casualty

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for an Underwriting Technician on our Primary Retail Casualty Underwriting Support team.

This role is responsible for providing technical support to the Underwriter by assisting in evaluating the risk and the development and growth of the portfolio for Auto, General Liability and Workers Compensation business. Responsibilities may include account management, exposure rating, preparation and delivery of quotes, binders, policies, endorsements and service requests to both internal staff and external distribution partners within specific performance standards. This role also performs services including problem solving or research projects requiring insurance and procedural knowledge.

Location: This position will be based out of our Morristown, NJ, New York, NY or Los Angeles, CA office. We strive for collaboration, which is why we offer a work environmentwhere our employees thrive and develop long-lasting careers.

Our business, your impact, our opportunity:

What you'll be doing:

• Assists underwriters with reviewing submissions, drafting quotes, binders, policies, and endorsements maintaining a field service reputation that is recognized as superior in the industry
• Codes, bills, registers, processes, and distributes insurance invoices, binders, policies, and endorsement within processing standards established by leadership
• Contacts external distribution partners for any required or outstanding underwriting information; pre or post binding as needed to underwrite and complete file documentation
• Provides support for file audits by maintaining files and conducting file reviews, QA/QC as needed
• Reviews and resolves premium discrepancies
• Monitors the in-office underwriting workflow to meet service level agreements as determined by leadership as well as perform special projects as needed

What you'll bring:

• Bachelor's degree preferred
• 2 years of experience as a technical/underwriting assistant with similar duties, specifically in insurance preferred
• Knowledge of and willingness to work as a team, supporting internal and external customers
• Ability and willingness to learn and understand terminology, coverages and appetite for specific industry groups and customers
• Strong problem solving and decision-making abilities as well as ability to multi-task while demonstrating attention to detail

Salary Range: $55,000 - $95,000 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

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values-Accountability, Agility, Collaboration, Development, and Integrity-we build trust and support one another to achieve our goals worldwide. Life at Sompo page

Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.