At a Glance
- Tasks: Support underwriting governance and enhance operational efficiency across international markets.
- Company: Join Sompo, a leading insurance company with a global presence.
- Benefits: Competitive pay, health benefits, tuition reimbursement, and parental leave.
- Other info: Dynamic role with opportunities for professional growth and development.
- Why this job: Make a real impact in underwriting practices while collaborating globally.
- Qualifications: Experience in underwriting or governance roles and strong analytical skills.
The predicted salary is between 70100 - 100000 £ per year.
Sompo has a unique opportunity for an Underwriting Governance role within the International Markets (IM) division of Sompo Insurance. This critical position reports directly to the Chief Underwriting Officer (CUO) and is designed to support the CUO and the Head of Strategy for IM in delivering the underwriting controls and objectives of the IM CUO Office. The successful candidate will play a key role in ensuring the consistent application of underwriting governance principles and standards across all international markets, fostering collaboration, and driving excellence in underwriting practices.
Location: This position can be based out of the United Kingdom, Switzerland, France, Germany, Italy and Luxembourg.
What you'll be doing
- Support the IM CUO Office: Assist the CUO and Head of Strategy for IM in executing the core responsibilities and strategic objectives of the IM CUO Office. Contribute to the development and implementation of initiatives that enhance underwriting governance and operational efficiency across international markets.
- Collaborate with Key Stakeholders: Work closely with the Strategic Partner IM and the Head of Underwriting Analytics and Pricing to align efforts and achieve shared objectives. Partner with regional CUOs, who have a matrix reporting line to the IM CUO Office, ensuring alignment with the overarching IM strategy and goals. Adopt a global perspective, focusing on International Markets as a whole rather than specific regional operations.
- Underwriting Governance Framework: Support the management, maintenance, and enhancement of the Underwriting Governance Framework, ensuring principles and standards are consistently applied across all international markets. Ensure the framework stands as value‐add governance and reduces bureaucracy.
- Management‐Initiated Audits (MIAs): Facilitate streamlined processes and provide oversight for underwriting audits initiated by management. Ensure audit findings are effectively addressed and integrated into ongoing governance improvements.
- Underwriting Authorities: Assist with the coordination and management of underwriting authority protocols, including referral and escalation processes, issuance and oversight of Letters of Authority (LoAs), specifically the rollout of the new LoA system, facultative reinsurance protocols, and peer review procedures to ensure robust decision‐making and adherence to governance standards.
- Delegated Authority Governance: Support the governance of delegated authorities, including establishing and maintaining robust authority structures and coordinating monitoring activities in collaboration with local resources.
- Product Communities: Support the Product Communities to foster collaboration, knowledge‐sharing, and best practice dissemination across markets. Support the organization and facilitation of Product Communities to drive innovation and alignment in underwriting practices.
What you'll bring
- Strong understanding of underwriting governance frameworks and principles.
- Proven ability to work collaboratively across diverse teams and regions, with a global mindset.
- Excellent organizational and coordination skills to manage complex processes and projects.
- Analytical mindset with the ability to interpret data and provide actionable insights.
- Effective communication and interpersonal skills to engage with stakeholders at all levels.
- Experience in underwriting, governance, or strategy roles within the insurance industry is necessary.
Compensation
Sompo offers a competitive compensation program built on a pay‐for‐performance culture. The total compensation opportunity for all regular, full‐time employees is a combination of base salary and incentives adjusted based on overall Company performance, with final awards based on individual performance.
Benefits
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits
EEO Statement
At Sompo, 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.
Underwriting Governance, International Markets in London employer: Sompo International Holdings Ltd.
Sompo is an exceptional employer that prioritises employee growth and collaboration within a dynamic work culture. With a strong focus on underwriting governance across international markets, employees benefit from competitive compensation, comprehensive health and wellness programmes, and opportunities for professional development, all while working in a supportive environment that values diverse perspectives and innovation.
Contact Details:
Sompo International Holdings Ltd. Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Governance, International Markets in London
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We think you need these skills to ace Underwriting Governance, International Markets 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 Sompo International Holdings Ltd..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Sompo International Holdings Ltd.. 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 Sompo International Holdings Ltd.
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Sompo International Holdings Ltd. 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 Sompo International Holdings Ltd., 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 Sompo International Holdings Ltd.'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.
