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- Tasks: Lead the development of Life Science products and engage with brokers in the sector.
- 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 with opportunities for career growth and development.
- Why this job: Make a real impact in the Life Science sector while building strong client relationships.
- Qualifications: 8+ years of underwriting experience, especially in Life Science, with strong negotiation skills.
The predicted salary is between 60000 - 80000 £ per year.
Are you looking for your next opportunity? Sompo has a unique opportunity for a Senior Life Science Development Underwriter, UK for our Middle Market team. The Middle Market proposition 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 who share our commitment to long-term partnerships built on a strong service proposition. This role will focus specifically on the Life Science / Med Tech sector, building our product and proposition and working with our partner brokers in the UK.
Location: This position will be based out of our Manchester 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:
- Support the Head of Life Science in launching a Life Science product, focusing on Casualty, Property, Professional Indemnity and Cyber lines.
- Lead external engagement and business development within the Life Science sector.
- Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
- Set appropriate terms and conditions per the Company underwriting strategy and guidelines to quote qualified risks.
- Attend client/broker meetings, lunches, dinners and other social outings as applicable.
- Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
- Expand existing portfolio of business by developing existing relationships and new prospective clients.
- 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:
- Cross class underwriting experience within the middle market space.
- Undergraduate, Insurance or advanced degree preferred.
- At least 8+ years of underwriting experience.
- 4+ experience within the Life Science sector.
- Established relationships with specialist Life Science brokers.
- Strong negotiation skills.
- Excellent communication (both written and verbal) skills.
Our Benefits:
- 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.
Sompo is an equal opportunity employer committed to a diverse workforce.
Life Science Development Underwriter in Manchester employer: Sompo
Contact Detail:
Sompo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Life Science Development Underwriter in Manchester
✨Network Like a Pro
Get out there and connect with people in the Life Science sector! Attend industry events, join relevant online forums, and don’t be shy about reaching out to potential contacts on LinkedIn. Building relationships can open doors that a CV just can't.
✨Show Off Your Expertise
When you get the chance to chat with brokers or potential employers, make sure to highlight your experience in underwriting and your knowledge of the Life Science sector. Share specific examples of how you've successfully navigated challenges in the past – it’ll make you stand out!
✨Be Proactive
Don’t wait for job openings to pop up; reach out directly to companies like Sompo that interest you. Express your enthusiasm for their work in the Life Science space and ask if they have any upcoming opportunities. Sometimes, the best jobs are filled before they even hit the market!
✨Apply Through Our Website
When you find a role that excites you, apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of our team at Sompo.
We think you need these skills to ace Life Science Development Underwriter in Manchester
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Life Science Development Underwriter role. Highlight your relevant experience in underwriting and any specific achievements in the Life Science sector that align with what we’re looking for.
Showcase Your Skills: Don’t forget to emphasise your strong negotiation and communication skills. We want to see how you’ve used these in past roles, especially when dealing with brokers or clients in the Life Science field.
Be Clear and Concise: When writing your application, keep it clear and to the point. Use bullet points where possible to make it easy for us to read through your qualifications and experiences quickly.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Sompo
✨Know Your Life Science Stuff
Make sure you brush up on the latest trends and challenges in the Life Science sector. Being able to discuss current developments and how they impact underwriting will show that you're not just knowledgeable but genuinely interested in the field.
✨Showcase Your Negotiation Skills
Prepare examples of past negotiations where you successfully reached a win-win outcome. This role requires strong negotiation skills, so be ready to demonstrate how you've navigated complex discussions with brokers or clients.
✨Understand the Company Culture
Familiarise yourself with Sompo's values and commitment to diversity and inclusion. During the interview, reflect on how your personal values align with theirs, and be prepared to discuss how you can contribute to their collaborative work environment.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's approach to risk management and client relationships. This shows that you're not only interested in the role but also in how you can add value to their team and help them achieve their goals.