At a Glance
- Tasks: Manage delegated relationships and oversee P&L for partners in a dynamic team.
- Company: Join Sompo, a global leader in insurance with a commitment to diversity and inclusion.
- Benefits: Enjoy expansive health benefits, generous retirement plans, and global parental leave.
- Other info: Collaborative work environment focused on growth and long-lasting careers.
- Why this job: Make a real impact in the delegated authority sector while developing your career.
- Qualifications: 15+ years of underwriting experience and strong negotiation skills required.
The predicted salary is between 60000 - 75000 £ per year.
Are you looking for your next opportunity? Sompo has a unique opportunity for an VP, Delegated Authority Underwriter, in our Delegated SME & Middle Market team. Our SME & Middle Market Underwriting team offers comprehensive multi-line capabilities targeted at select industry verticals of real estate, hospitality, financial institutions, professional services, technology, and life science. We work through a network of retail brokers and MGAs who share our commitment to long-term partnerships built on a strong service proposition. This role will focus specifically on the delegated authority sector, building our book and working alongside the Head of UK SME & Middle Market, and working with our partner brokers & MGAs in the UK. Location: This position will be based out of our London 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:
- Manage and develop new and existing delegated relationships.
- Responsibility for the P&L of your delegated partners through active account management.
- Responsibility for ensuring all appropriate LOBs are actively sold to your delegated partners.
- Support the wider delegated team in referrals and account management as appropriate.
- Price and analyze coverage, structure and exposures on individual risks which are referred in from delegated partners.
- Supports our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture.
- Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite.
- Conducts individual account underwriting audits as needed.
What you’ll bring:
- At least 15+ years of underwriting experience.
- Significant experience within the delegated underwriting sector at underwriter and management level.
- Established relationships with existing delegated partners.
- Strong negotiation skills.
- Excellent communication (both written and verbal) 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
In today’s world, what do we stand for? 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.
About Us
Expert Partners. Clarity in complexity. Unwavering commitment. We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance. Building on Sompo Holdings’ 130 years of innovation, we’re committed to applying all of our experience to simplify yours. Our dedication to you shows up in the care we put in every detail, working to create a frictionless risk management journey for everyone we serve. We lead with your priorities, meticulously crafting solutions, sharing insights, and understanding your needs. Around the world, our 9,000+ employees use their expertise to learn, improve and find clear answers for your complex challenges. Because when you choose Sompo, you choose the ease of expertise.
VP, Delegated Authority Underwriter in London employer: Endurance Business Services
Sompo is an exceptional employer, offering a collaborative work environment in our London office where employees can thrive and build long-lasting careers. We prioritise employee growth through competitive compensation, comprehensive benefits, and a culture that values diversity and inclusion, ensuring that every team member feels respected and empowered to excel. Join us to make a meaningful impact while enjoying opportunities for professional development and a supportive workplace culture.
Contact Details:
Endurance Business Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land VP, Delegated Authority Underwriter in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
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✨Look Out for Graduate Schemes
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We think you need these skills to ace VP, Delegated Authority Underwriter in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Endurance Business Services.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Endurance Business Services. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Endurance Business Services
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Endurance Business Services to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Endurance Business Services, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Endurance Business Services's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
