Programmes Underwriter in London

Programmes Underwriter in London

London Full-Time 63000 - 77000 £ / year (est.) No working from home possible
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At a Glance

  • Tasks: Join our Cross-Class Portfolio team to manage diverse underwriting opportunities and drive profitable growth.
  • Company: Sompo, a global leader in insurance with a focus on collaboration and career development.
  • Benefits: Competitive salary, health benefits, tuition reimbursement, and professional qualification support.
  • Other info: Dynamic work environment with a commitment to diversity and employee empowerment.
  • Why this job: Make a real impact in the insurance industry while developing your skills and expertise.
  • Qualifications: A-level education or equivalent, interest in industry qualifications, and strong analytical skills.

The predicted salary is between 63000 - 77000 £ per year.

Are you looking for your next opportunity? Sompo has a unique opportunity for a Programmes Underwriter, US Casualty in our Cross-Class Portfolio team. Our Cross Class Portfolio team manages a diverse portfolio of delegated authority business across multiple classes, with a strong focus on disciplined underwriting, portfolio oversight and data-driven decision-making. Working closely with brokers, coverholders and internal stakeholders, the team evaluates new opportunities, monitors performance and drives profitable growth through strong governance, underwriting expertise and market insight.

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.

What you’ll be doing:

  • Strategy and Planning
    • Understand and contribute to delivery of the divisional business plan, referring to Senior Underwriters or Underwriters where appropriate.
    • Participate in relevant meetings to share insight, develop strategy, and promote knowledge and best practice.
    • Promote the department, division, and wider company to maximise brand value and leverage.
    • Apply the reinsurance strategy to protect the portfolio, referring to Senior Underwriters or Underwriters where appropriate.
  • Policy, Process and Procedures
    • Perform underwriting activities, where authority is granted, in line with all legal and regulatory requirements to ensure obligations are met.
    • Follow underwriting standards, instructions and good practice to minimise risk and maximise efficiency.
    • Ensure insurance risks, including delegated underwriting authorities where relevant, are accurately recorded and measured in line with good practice, while developing understanding of policy wording changes.
    • Maintain awareness and understanding of reinsurance requirements to minimise risk and support delivery of business plan objectives.
  • Environmental Awareness/Customer Focus
    • Establish technical knowledge and judgement to support Senior/Underwriters with identifying issues and opportunities.
    • Establish, develop and strengthen relationships with stakeholders including customers, brokers, business partners and colleagues to maximise influence and achieve business objectives.
    • Demonstrate support for market associations and trade bodies.
    • Demonstrates an understanding and awareness of market dynamics and market cycle to drive and enhance business performance.
  • Technical Performance
    • Develop expertise and technical knowledge by working with Head of/Senior/Underwriters to identify and complete appropriate learning and development activities.
    • Underwrite insurance risks, where authority is granted, in line with the business plan and delegated underwriting authority. This includes negotiating rates, terms and conditions for new and existing business, supporting policy wording changes where appropriate, ensuring compliance with internal and external requirements, contributing to business objectives, and assisting credit control with premium collection where required.
    • Maintain awareness of portfolio review and analysis to monitor progress against business objectives.
    • Ensure all authorised business is appropriately peer reviewed and written in line with company underwriting standards and individual authority limits.
  • People Management
    • Operate collaboratively with colleagues in the team to acquire knowledge and expertise and understand required standards of performance.
    • Acts in accordance with, and is an advocate of, the Sompo Values.

Education and Experience:

  • Experience up to A-level or equivalent (preferable).
  • Undertaking/Interest in completing industry qualification e.g. CII (preferable).
  • Experience of working in an underwriting environment within a specialised/complex underwriting area (preferable).
  • Experience of resolving underwriting queries.
  • Proficient in MS Office applications e.g. Excel and other departmental software packages.
  • Good interpersonal and communication skills.
  • Good negotiation skills.
  • Good customer orientation skills.
  • Ability to analyse data.
  • Good decision-making and underwriting judgement.
  • Strong attention to detail.
  • Strong level of numeracy and literacy skills.
  • Strong organisational and prioritisation skills.
  • Ability to collaborate effectively within a team environment.
  • Used risk profiling and pricing tools and loss models.

At Sompo, we recognise 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 some of the benefits we offer, which may vary depending on the country:

  • Health & Wellness Benefits
  • Retirement & Savings Plans
  • Global Parental Leave & Adoption Assistance
  • Employee Assistance Program
  • 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 | Sompo 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.

Summary

Location: London, United Kingdom
Type: Full time

Programmes Underwriter in London employer: Sompo International

Sompo is an exceptional employer, offering a dynamic work environment in the heart of London where Actuarial Analysts can thrive and develop their careers. With a strong focus on collaboration, employee growth opportunities, and a commitment to diversity and inclusion, we provide competitive compensation and comprehensive benefits that support our employees' well-being and professional development. Join us to make a meaningful impact while working alongside experienced professionals in the exciting field of Specialty Lines insurance.

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Contact Details:

Sompo International Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Programmes 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.

Use LinkedIn to Your Advantage

Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Sompo International). A thoughtful message explaining your interest can really make a difference!

Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Sompo International. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Programmes Underwriter in London

Underwriting Expertise
Data Analysis
Negotiation Skills
Regulatory Compliance
Risk Assessment
Stakeholder Management
Technical Knowledge

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.

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. 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

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 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, 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'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.