Job Description
Job Description
Are you looking for your next opportunity
Blue Waters Insurers, Corp., a member of the Sompo group of companies, has a unique opportunity for a Senior Underwriter in our Environmental Insurance team.
Location: This position is based out of our San Juan, Puerto Rico 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:
As a Senior Underwriter, you will underwrite both renewal and new business Environmental Liability (EIL) accounts in Puerto Rico, with an emphasis on underwriting traditional EIL products including site pollution, contractors’ pollution, storage tank liability, and transportation liability.
What you'll be doing:
- Ensure delivery of all facets of the in-force portfolio with respect to timely servicing, and adherence to department operational and underwriting guidelines.
- Contributes to, monitors and advises on the business plan requirements and developments in order to ensure success in delivering profitable results in line with plan
- Underwrite new accounts in accordance with operational and underwriting guidelines.
- Meet stated financial objectives around growth and profitability for the EIL portfolio.
- Proactively engages and manages producer relationships to grow the portfolio and Sompo’s market presence for environmental liability.
- Assists in the preparation and implementation of regional business reporting plans to ensure these are in line with wider business strategy and reflect key priorities.
- As needed participate and lead local form filings and filing amendments.
- Utilize underwriting standards, practices, and tools to determine accurate classifications, rates, and premium charges.
- Review applicable laws and regulations, including cancellation and non-renewal protocols, in assigned locations.
What you’ll bring:
- At least 5 years of casualty or environmental underwriting experience.
- Familiarity with required forms and coverages.
- Knowledge of relevant laws associated with US/Puerto Rico Environmental underwriting coverages.
- Experience working with local brokers and agents
- Ability to travel as needed.
- Demonstrates an understanding and ability to effectively engage in the negotiation process.
- Adept at risk selection, exposure evaluation and ability to rate, quote, and sell admitted and non-admitted solutions.
- Excellent organizational skills.
- Very strong analytical, oral and written communication skills required.
- Ability to meet tight deadlines is essential.
- Strong customer service with a professional attitude and approach needed.
- Ability to interact and communicate with various levels of the organization to cross-sell or address processing requirements.
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.
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 Puerto Rico benefit programs:
- The health coverage plan covers a fully comprehensive range of benefits including medical, pharmacy, dental, vision and Short-Term Disability coverage
- Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
- Company-paid Long Term 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
- Tuition Reimbursement & Professional Qualification benefits
In today’s world, what do we stand for?
Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.