Insurance Operations Trainee

Posted Yesterday
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New York, NY, USA
In-Office
70K-78K Annually
Entry level
Insurance • Agriculture
The Role
An 18-month insurance operations trainee program involving rotational assignments, process improvement, project delivery, underwriting and operating-model exposure, professional coursework, mentoring, and leadership development. Trainees build insurance expertise while collaborating with senior leaders and supporting regional objectives. The role requires strong communication, analytical, organizational, technology, adaptability, and teamwork skills, along with a bachelor’s degree and authorization to work in the United States.
Summary Generated by Built In

Job DescriptionAre you looking for your next opportunity? Sompo has a unique opportunity for an Operations Trainee on our Operations team. Our Trainee Program is an 18-month program beginning in July 2027 designed to equip you with the essential business and technical skills needed to build a successful career in insurance. As an Operations Trainee, you will work alongside the most experienced insurance teams in the industry to gain in-depth knowledge of our business units, underwriting and operating model. Through on-the-job learning, workplace mentoring and directed self-study, this program prepares trainees to work as a contributing member of the Operations team at Sompo. Location: This position will be based out of our New York, NY and Charlotte, NY office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers. Our Trainees will participate in a dynamic rotational experience designed to build your leadership potential and insurance expertise. 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. Our business, your impact, our opportunity: What can I expect as an Operations Trainee? On-The-Job Learning As a member of the Operations Trainee Program, you will rotate through key areas of insurance operations, working closely with senior leaders and learning how to drive impact across the organization. You will build your knowledge of insurance operations as you are embedded within and improve processes and deliver on projects aligned with regional objectives. You will have support for your early career needs and be empowered to ask bold questions and contribute innovative ideas, all while growing into a future leadership role aligned with our emerging business needs. Directed Self-Study Professional designation courses give new Operations professionals technical knowledge of insurance operations and industry practices. Sompo supports our 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, we are committed to developing our people. We encourage employees to strengthen their skills and expand their understanding of the business. Our Operations Trainees receive professional development training on a variety of topics aligned with their respective business unit. What will I need to be an Operations 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 previous internship experience working in insurance, financial services, marketing or sales. Additional requirements include: • Bachelor’s degree • Graduation date between May 2025 and May 2026 • Genuine interest in developing a career in the insurance industry • Ability to articulate ideas clearly through written and verbal communication • Solution-oriented mindset and data analytical skills • Ability to work independently and collaborate with others • Adaptability to new challenges and ability to thrive in a fast-paced environment • Demonstrates integrity and reliability in fulfilling roles and responsibilities • Detail-oriented, organized, and tech-savvy (Microsoft Excel, Word, PowerPoint) • Local to the desired office location or able to arrange housing and transportation in the area to support an in-office working arrangement while in the Trainee Program • Eligible candidates must be at least 18 years old and authorized to work in the United States without restriction Salary Range: $70,000 – $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, 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 Who we are and what we stand for: At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.

Skills Required

  • Bachelor's degree
  • Graduation date between May 2025 and May 2026
  • Genuine interest in developing a career in the insurance industry
  • Clear written and verbal communication skills
  • Solution-oriented mindset and data analytical skills
  • Ability to work independently and collaborate with others
  • Adaptability to new challenges and ability to thrive in a fast-paced environment
  • Integrity and reliability in fulfilling roles and responsibilities
  • Detail-oriented, organized, and tech-savvy
  • Proficiency with Microsoft Excel, Word, and PowerPoint
  • Local to the desired office location or able to arrange housing and transportation for in-office work
  • At least 18 years old
  • Authorized to work in the United States without restriction
  • Previous internship experience in insurance, financial services, marketing, or sales
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The Company
HQ: Hamilton
314 Employees
Year Founded: 2020

What We Do

As one of the leading writers of crop insurance in the United States, AgriSompo North America blends extensive industry experience with cutting-edge software development to provide powerful, proactive agricultural risk management for the nation’s farmers and ranchers.   We operate within a culture of integrity, and a deeply rooted belief that collaboration, agility, and stellar customer service are crucial to long-term success. Our nationwide network of independent crop insurance agents provides direct and customized options to fit each producer’s needs, with solutions ranging from traditional multi-peril, crop hail, and livestock insurance to highly innovative and unique private products.

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