At a Glance
- Tasks: Support underwriters in managing complex commercial risks and maintain strong broker relationships.
- Company: Join Sompo, a global leader in property and casualty insurance with a commitment to innovation.
- Benefits: Enjoy health benefits, generous retirement plans, and inclusive parental leave options.
- Other info: Work from our vibrant Birmingham office and thrive in a supportive environment.
- Why this job: Be part of a collaborative team that values diversity and fosters career growth.
- Qualifications: 1 year of property insurance experience and strong analytical skills required.
The predicted salary is between 28800 - 43200 £ per year.
Are you looking for your next opportunity? Sompo has a unique opportunity for an Assistant Underwriter in our UK Regions Property team in our UK Commercial Lines business.
Our Corporate Property team writes large commercial risks across the UK and International markets. Our clients present challenging and complex risks often with multinational requirements. Sompo have the capabilities to participate as both a lead or follow market and we work across our network of brokers to secure long term partnerships with our target customers. This opportunity sits within our UK Regions segment.
Location: This position will be based out of our Birmingham 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:
- Support underwriters from submission of a risk through to binding through all aspects of the underwriting process.
- Respond to general mid-term questions from brokers and/or internal stakeholders in a timely and professional manner, delivering a first-class service and within authority parameters
- Interact with brokers and other external parties including third party business providers, including the maintenance and development of good working relationships.
- Contribute towards underwriting services projects relating to the improvement of existing services
- Maintain timely and accurate risk, exposure and premium accounting in the company’s policy administration and documentation management systems
- Assist underwriting/modelling with completing pricing models
- Provide ad-hoc support to underwriting teams as required
- Prepare financial and other types of analysis to support the underwriting team
What You’ll Bring
- Minimum of 1 year Property Insurance experience
- Strong interpersonal and communication skills- articulate and influential
- Able to work independently under their own initiative and as a part of a close-knit team
- Highly analytical with excellent logic and critical thinking skills
- Strong attention to detail with the ability to organize efficiently
- Strong work ethic with an ability to operate effectively under pressure
- Flexible approach and ability to recognize and adapt to changing business requirements
- Strong numeracy and communication skills (both verbal and written)
- Proficient in the use of MS Office (Excel, Word, PowerPoint and Outlook)
- Confident and self-driven and enjoy working to deadlines and targets
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.
To learn more about visit our website at www.sompo-intl.com
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Assistant Underwriter in Birmingham employer: Sompo
Sompo is an exceptional employer that fosters a collaborative and innovative work culture in the heart of London. With a strong focus on employee growth, we offer extensive professional development opportunities and a supportive environment that encourages creativity and strategic thinking. Join us to be part of a dynamic team dedicated to delivering outstanding client engagement services while enjoying the unique advantages of working in one of the world's most vibrant cities.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter in Birmingham
✨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). 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. 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 Assistant Underwriter in Birmingham
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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Sompo. 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
✨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 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, 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'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.
