At a Glance
- Tasks: Support the Chief Underwriting Officer in enhancing governance and operational efficiency across international markets.
- Company: Join a leading insurance company with a global perspective and collaborative culture.
- Benefits: Competitive salary, health benefits, retirement plans, and tuition reimbursement.
- Other info: Dynamic role with opportunities for professional growth and development.
- Why this job: Make a real impact on underwriting governance while collaborating with diverse teams worldwide.
- Qualifications: Experience in underwriting or strategy roles, with strong analytical and communication skills.
The predicted salary is between 70000 - 90000 £ per year.
A key role within Sompo's Underwriting team, supporting the Chief Underwriting Officer and Head of Strategy for International Markets.
Location: United Kingdom, Switzerland, France, Germany, Italy, Luxembourg.
What you'll be doing
- Support the IM CUO Office:
- Assist the CUO and Head of Strategy for IM in executing 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 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 avoids unnecessary 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), including rollout of the new LoA system.
- Facultative reinsurance protocols.
- 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 with local resources.
- Product Communities:
- Support 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.
Benefits
- Our compensation program promotes a pay-for-performance culture. Total compensation includes a base salary and incentives, adjusted based on overall Company performance with final awards linked to individual performance.
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits
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
Sompo is an exceptional employer that prioritises employee growth and well-being, offering a dynamic work culture across multiple European locations. With a strong focus on collaboration and innovation, employees benefit from comprehensive health and wellness programmes, generous parental leave, and opportunities for professional development through tuition reimbursement. Join us to be part of a forward-thinking team that values your contributions and supports your career aspirations in the international insurance market.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Governance, International Markets 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). 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 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.
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.
