At a Glance
- Tasks: Join our Management Liability team as an AVP Underwriter, focusing on underwriting and broker development.
- Company: Sompo International is a global leader in insurance and reinsurance with a commitment to diversity and excellence.
- Benefits: Enjoy flexible working, health benefits, generous retirement plans, and global parental leave.
- Why this job: Be part of a collaborative culture that values integrity and offers growth opportunities in a dynamic industry.
- Qualifications: 5+ years of underwriting experience, strong analytical skills, and a passion for learning and teamwork.
- Other info: Work from Manchester or Birmingham and engage in national travel as needed.
The predicted salary is between 43200 - 72000 £ per year.
As a leading provider of insurance and reinsurance with worldwide operations, we recognise 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.
Sompo has a unique opportunity for an Assistant Vice President Underwriter in our Management Liability team in our UK business. The Management Liability team, established in 2014, boasts a robust network of brokers and provides a comprehensive range of management liability products. The team is committed to expanding its regional presence and aims to grow nationally across the UK and Ireland.
Location: This position will be based out of either Manchester or Birmingham office and report into the Head of National Management Liability UK. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
What you’ll be doing:
- Underwriting - Full and thorough underwriting of all accounts in accordance with underwriting guidelines and individual authority granted by management.
- Profitability - Focus on profitability of portfolio.
- Production - heavy focus on regional broker development - Nationally in the UK.
- New Business - strong focus on new business production - main focus to grow regional/national ML portfolio.
- Renewal Retention - focus on renewal retention. Target to be set with unit head.
- Service - Implementation of first class underwriting Service, building a strong reputation that is recognised as superior in the Industry.
- Broker maintenance - continuous engagement with brokers including regular catchups, meetings, entertainment, etc.
- Market material - develop product supporting material including IPID, sales material, website and other product collateral to support marketing and production initiatives.
- Communication - continuous input, feedback and support at ML underwriting meetings.
- Collaboration – to work with other lines of business with a particular focus on Financial Institutions when building out the portfolio.
- Administration – All risks to be filed electronically to the standard set by the unit head.
- Reporting – data analysis and regular review of portfolio as and when required by unit head.
- Travel - expectation of national travel where required and necessary.
What you’ll bring:
- A minimum of 5 years relevant underwriting experience.
- Experience and technical knowledge of underwriting Management Liability.
- Experience in underwriting UK Management Liability business.
- Strong problem solving and decision making abilities.
- Excellent written and oral communication skills.
- Exceptional interpersonal skills with the ability to work in a team environment.
- Strong analytical skills.
- Ability to work effectively in a pressured environment.
- Appetite and hunger to learn and grow and ‘go the extra mile’.
- Eye for detail.
- Ability to organize efficiently.
- Competent computer skills.
Our Benefits:
We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents. Below are a few highlights of our inclusive benefit programs:
- Expansive Health & Wellness Benefits.
- Generous Retirement & Savings Plans.
- Global Parental Leave & Adoption Assistance.
We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organizational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment.
Sompo is an equal opportunity employer committed to a diverse workforce.
AVP, Underwriter employer: Sompo International
Contact Detail:
Sompo International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land AVP, Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in management liability insurance. Understanding the current market landscape and emerging risks will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in the insurance industry, especially those involved in underwriting. Attend industry events or join relevant online forums to build connections that could provide insights or referrals for the AVP Underwriter position.
✨Tip Number 3
Prepare to discuss your experience with broker relationships. Since the role focuses heavily on regional broker development, be ready to share specific examples of how you've successfully managed and nurtured these partnerships in the past.
✨Tip Number 4
Showcase your analytical skills by being prepared to discuss how you've used data analysis to inform underwriting decisions. Highlight any tools or methodologies you've employed to enhance portfolio profitability and risk assessment.
We think you need these skills to ace AVP, Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant underwriting experience, particularly in Management Liability. Use specific examples to demonstrate your problem-solving skills and ability to work under pressure.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your values align with Sompo's commitment to integrity, collaboration, and excellence.
Showcase Communication Skills: Given the importance of communication in this role, ensure that your application reflects your excellent written and oral communication skills. Consider including examples of successful broker engagement or teamwork.
Highlight Analytical Abilities: Emphasise your strong analytical skills in your application. Provide examples of how you've used data analysis to inform underwriting decisions or improve portfolio performance.
How to prepare for a job interview at Sompo International
✨Understand the Company Culture
Before your interview, take some time to research Sompo International's values and culture. They emphasise integrity, collaboration, and excellence, so be prepared to discuss how your personal values align with theirs.
✨Showcase Your Underwriting Experience
With a minimum of 5 years in underwriting required, make sure to highlight your relevant experience. Prepare specific examples of past successes in underwriting Management Liability and how you contributed to profitability and portfolio growth.
✨Demonstrate Strong Communication Skills
Given the importance of communication in this role, practice articulating your thoughts clearly and confidently. Be ready to discuss how you've effectively engaged with brokers and collaborated with teams in previous positions.
✨Prepare for Problem-Solving Scenarios
Expect to face questions that assess your problem-solving abilities. Think of situations where you had to make tough decisions or overcome challenges in underwriting, and be ready to explain your thought process and outcomes.