R1076 Underwriting Trainee - Dallas, TX
As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.
We are seeking an Underwriter Trainee.
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The Sompo International Trainee Program is an 18 - 24 month training program designed to give participants the business and technical skills they need to build a successful career in insurance either in Underwriting, Claims, Risk Control, Actuary, or Catastrophe Modeling. Trainees work alongside the most experienced underwriters in the industry to gain in-depth knowledge of our business units and underwriting philosophy. Through on-the-job learning, workplace mentoring and directed self-study, this program prepares trainees to earn underwriting authority at Sompo International.
Trainee participants work directly on their product accounts, building relationships with agents and brokers and identifying customers’ needs. This rigorous curriculum also includes training in sales and marketing, negotiation and risk analysis.
Sompo International’s Trainee Program is a foundation for career advancement at Sompo International and can lead to managing a business territory or overseeing staff or processes within a product line.
What can I expect as a Trainee?
ON-THE-JOB LEARNING
Insurance requires a high degree of experience and expertise – something you can’t learn in the classroom. Sompo International trainees are immersed in the day-to-day activities of their team. They are given a rare opportunity to work alongside experts in the field to review submissions, analyze risks and expand their overall knowledge.
DIRECTED SELF-STUDY
Professional designation courses give new underwriters technical knowledge of insurance operations and industry practices. Sompo International supports employees pursuing continuing educations opportunities by covering the cost for fees and textbooks, offering time off work to take exams and providing additional compensation for successful completion of many courses.
CAREER DEVELOPMENT SUPPORT
At Sompo International, we are committed to developing our people. We encourage employees to strengthen their skills and expand their understanding of the business. Sompo International underwriter trainees receive professional development training on topics such as communication/negotiation, self-awareness and sales and marketing to help them build successful careers.
Qualifications, Skills and Experience:
Sompo International employees are some of the best and brightest in the industry. When recruiting the next generation of Sompo International employees, we consider graduating Seniors and recent college graduates with experience working in insurance, financial services, marketing or sales.
Additional requirements include:
· Critical thinking ability & analytical skills
· Strong communication skills
· Ability to work independently and collaborate with others
· Integrity and reliability
· Technical accuracy and software skills
· Willingness to relocate
Salary Range: $65,000-$70,000. Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.
At Sompo International, we recognize 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 our current comprehensive U.S. benefit programs:
- Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution.
- Pharmacy benefits with mail order options.
- Dental benefits including orthodontia benefits for adults and children.
- Vision benefits.
- Health Care & Dependent Care Flexible Spending Accounts.
- Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children.
- Company-paid Disability benefits with very competitive salary continuation payments.
- 401(k) Retirement Savings Plan with competitive employer contributions.
- Competitive paid-time-off programs, including company-paid holidays.
- Competitive Parental Leave Benefits & Adoption Assistance program
- Employee Assistance Program
- Tax-Free Commuter Benefit
- Tuition Reimbursement & Professional Qualification benefits
Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V
Visit our website at www.sompo-intl.com