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- Tasks: Join our 18-month Trainee Program to learn underwriting skills and gain hands-on experience.
- Company: Sompo is a leading insurance company committed to ethics, integrity, and diversity.
- Benefits: Enjoy competitive pay, medical plans, tuition reimbursement, and flexible work options.
- Why this job: Kickstart your career with mentorship, professional development, and real-world learning opportunities.
- Qualifications: Recent graduates with a Bachelor's degree and strong analytical and communication skills are encouraged to apply.
- Other info: Relocation may be required; we value unique contributions and promote an inclusive workplace.
The predicted salary is between 52000 - 61000 £ per year.
and the job listing Expires on October 4, 2025
Full-Time Job Accounting, Data Analytics, Economics & Finance
Sompo has a unique opportunity for a 2025 Middle Market Underwriting Trainee in our Miami, FL office.
Our Trainee Program is an 18-month program beginning in July 2025 designed to equip you with the essential business and technical skills needed to build a successful career in insurance.
As an Underwriting Trainee you will work alongside the most experienced underwriters in the industry to gain in-depth knowledge of our business units and underwriting philosophy through on-the-job learning, workplace mentoring.
Our Trainees work directly on their products’ accounts, building relationships and identifying customers’ needs. This rigorous curriculum also includes training in negotiation, risk analysis and relationship management.
Sompo’s Trainee Program serves as a launchpad for career advancement, empowering you to acquire the knowledge and skills essential for success in your respective field.
What can I expect as a Underwriting Trainee?
On-The-Job Learning
Insurance requires a high degree of experience and expertise – something you can’t learn in the classroom. Sompo Trainees are immersed in the day-to-day activities of their team, assisting Underwriters in exposure analysis and operational analysis of insureds, compiling a competitor analysis from a publicly available database, working with Underwriting Assistants in developing renewal lists, contacting brokers for submissions, and accompany underwriters during internal meetings and occasional external marketing calls.
Activities, Learning and Development
Directed Self-Study
Professional designation courses give new Trainees professionals technical knowledge of insurance operations and industry practices. Sompo supports our employees pursuing continuing educations opportunities by covering the cost for fees and textbooks, offering time off work to take exams and providing additional compensation for successful completion of many courses.
Career Development Support
At Sompo, we are committed to developing our people. We encourage employees to strengthen their skills and expand their understanding of the business. Our Underwriting Trainees receive professional development training on a variety of topics aligned with their respective business unit.
What will I need to be an Underwriting Trainee?
Qualifications, Skills and Experience
Sompo employees are some of the best and brightest in the industry. When recruiting the next generation of Sompo employees, we consider graduating Seniors, and recent college graduates with experience working in insurance, financial services, marketing or sales.
Additional requirements include
• Bachelor’s degree required
• Graduation date between May 2024 and May 2025
• Critical thinking ability and analytical skills
• Strong communication skills
• Ability to work independently and collaborate with others
• Integrity and reliability
• Technical accuracy and software skills
• Willingness to relocate
Salary Range: $65,000 – $77,500 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
In today’s world, what do we stand for?
Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.
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Middle Market Underwriting Trainee employer: Nichols College
Contact Detail:
Nichols College Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Middle Market Underwriting Trainee
✨Tip Number 1
Familiarise yourself with the insurance industry, particularly middle market underwriting. Understanding key concepts and current trends will help you engage in meaningful conversations during interviews and demonstrate your genuine interest in the field.
✨Tip Number 2
Network with professionals in the insurance sector, especially those working in underwriting. Attend industry events or join relevant online forums to build connections that could provide insights and potentially refer you to opportunities at Sompo.
✨Tip Number 3
Prepare for the interview by practising common underwriting scenarios and questions. Being able to articulate your thought process on risk analysis and decision-making will showcase your critical thinking skills, which are essential for this role.
✨Tip Number 4
Research Sompo's values and culture thoroughly. Tailoring your responses to align with their commitment to ethics, integrity, and professional development will help you stand out as a candidate who fits well within their team.
We think you need these skills to ace Middle Market Underwriting Trainee
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and expectations of the Middle Market Underwriting Trainee position. Familiarise yourself with the skills required, such as critical thinking, analytical skills, and strong communication.
Tailor Your CV: Customise your CV to highlight relevant experiences and skills that align with the job description. Emphasise any coursework or projects related to insurance, finance, or data analytics, and ensure your achievements are clearly stated.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific aspects of Sompo's Trainee Program that excite you, and explain how your background makes you a great fit for the position.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the underwriting field.
How to prepare for a job interview at Nichols College
✨Understand the Role
Before your interview, make sure you thoroughly understand the responsibilities of a Middle Market Underwriting Trainee. Familiarise yourself with key concepts in underwriting, risk analysis, and relationship management, as these will likely come up during your discussion.
✨Showcase Your Analytical Skills
Given that critical thinking and analytical skills are essential for this role, be prepared to discuss examples from your academic or work experience where you've successfully analysed data or solved complex problems. This will demonstrate your capability to handle the tasks expected of you.
✨Prepare Questions
Interviews are a two-way street. Prepare thoughtful questions about the company culture, training opportunities, and career development support. This shows your genuine interest in the position and helps you assess if the company is the right fit for you.
✨Emphasise Communication Skills
Strong communication skills are crucial in this role, especially when working with underwriters and brokers. Be ready to provide examples of how you've effectively communicated in team settings or during presentations, highlighting your ability to collaborate and build relationships.
