Underwriting Trainee, Ocean Marine Apply Locations: Chicago, Illinois Time Type: Full time Posted on: Posted 10 Days Ago Job Requisition ID: R2285 As a leading provider of insurance and reinsurance with worldwide operations, 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. Our compensation and benefits programs are market-driven and competitive, with excellent family-friendly policies and flexible working provisions. Job Description Sompo has a unique opportunity for a 2025 Ocean Marine Underwriting Trainee in our Chicago, IL office. Our Trainee Program is an 18-month program beginning in July 2025 designed to equip you with the essential business and technical skills needed to build a successful career in insurance. As an Underwriting Trainee, you will 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 and workplace mentoring. As a Trainee, you will work directly on your products’ accounts, building relationships and identifying customers’ needs. This rigorous curriculum also includes training in negotiation, risk analysis, and relationship management. Sompo’s Trainee Program serves as a launchpad for career advancement, empowering you to acquire the knowledge and skills essential for success in your respective field. What can I expect as an Underwriting Trainee? On-The-Job Learning: Insurance requires a high degree of experience and expertise – something you can’t learn in the classroom. Sompo Trainees are immersed in the day-to-day activities of their team, assisting Underwriters in exposure analysis and operational analysis of insureds, compiling a competitor analysis from a publicly available database, working with Underwriting Assistants in developing renewal lists, contacting brokers for submissions, and accompanying underwriters during internal meetings and occasional external marketing calls. Activities, Learning and Development: Professional designation courses give new Trainees technical knowledge of insurance operations and industry practices. Sompo supports our employees pursuing continuing education 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, we are committed to developing our people. We encourage employees to strengthen their skills and expand their understanding of the business. Our Underwriting Trainees receive professional development training on a variety of topics aligned with their respective business unit. What will I need to be an Underwriting Trainee? Qualifications, Skills and Experience: Sompo employees are some of the best and brightest in the industry. When recruiting the next generation of Sompo employees, we consider graduating seniors and recent college graduates with experience working in insurance, financial services, marketing, or sales. Bachelor’s degree required Graduation date between May 2024 and May 2025 Critical thinking ability and 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 – $77,500. 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, 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. Benefits: Two medical plans to choose from, including a Traditional PPO&a Consumer Driven Health Plan 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 Company-paid Disability benefits 401(k) Retirement Savings Plan Competitive paid-time-off programs Competitive Parental Leave Benefits&Adoption Assistance program Employee Assistance Program Tax-Free Commuter Benefit Tuition Reimbursement&Professional Qualification benefits Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. We do not discriminate based on race, color, religion, sex orientation, national origin, or age. J-18808-Ljbffr