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Madrid, Comunidad de Madrid, España
Onsite
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Sompo has a unique opportunity for a Senior Underwriter Engineering & Construction, Iberia in our Property, Energy and Construction team.
As part of our growth strategy in Iberia, we are launching our Construction line of business and are looking for an experienced Senior Underwriter Engineering & Construction to join our Madrid or Barcelona office.
The successful candidate will play a key role in building a profitable and sustainable Engineering & Construction portfolio across sectors including infrastructure, renewable energy, manufacturing, power generation and large construction projects.
The position will report directly to the Head of Property, Energy and Construction - Iberia and will work closely with underwriting, risk engineering, claims and distribution teams across the organization to support business growth and deliver high-quality solutions to clients and brokers.
Working in a collaborative and entrepreneurial environment, you will combine technical underwriting expertise, commercial acumen and market engagement to help establish a strong presence in the Iberia Engineering & Construction insurance market.
Location: This position will be based out of our Madrid or Barcelona offices. 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:
What you’ll be doing:
Underwriting & Risk Assessment
• Develop and execute the Iberia Engineering market strategy (CAR/ EAR) in alignment with Continental Europe leadership. This includes projects in power, renewable energy, infrastructure and construction sectors.
• Analyse technical risk information and determine appropriate coverage, terms and pricing.
• Negotiate insurance conditions with brokers and clients.
• Ensure disciplined underwriting and portfolio management in line with company guidelines.
• Contribute to large and complex account discussions and multinational programmes.
Market & Distribution :
• Act as Sompo’s senior ambassador in the Iberia market, cultivating strong relationships with brokers, clients, and key industry stakeholders.
• Drive new business development and retention through proactive engagement, negotiation, and strategic account management.
• Strengthen Sompo’s broker positioning and visibility through targeted marketing, thought leadership, and participation in industry forums.
Underwriting & Portfolio Management
• Oversee underwriting quality, governance, and portfolio balance across risk segments and industries in line with regional strategy
• Provide guidance on complex risks, major accounts, and global program structures.
• Ensure underwriting documentation, data quality, and contract integrity meet Sompo’s standards.
Operational & Cross-Functional role:
• Collaborate closely with the other Lines of Business to drive cross sell opportunities and ensure alignment of appetite, pricing and governance
• Collaborate closely with Claims, Risk Engineering, Distribution, and other internal partners to deliver a seamless client experience.
• Support regional initiatives, innovation projects, and strategic developments that enhance Sompo’s competitive position.
• Represent Sompo in high-level commercial negotiations, press engagements, and corporate communications activities.
What you’ll bring:
• 10+ years of underwriting experience in Engineering insurance.
• Deep expertise in large and complex Engineering risks.
• A strong, established network within the Iberia broker and risk manager community.
• Excellent communication, negotiation, and relationship-building skills.
• High integrity, emotional intelligence, and resilience.
• Strong understanding of the regulatory environment and its impact on underwriting and business development.
• Fluency in Spanish and English.
• Willingness to travel nationally and internationally as required.
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 some of the benefits we offer, which may vary depending on the country:
• Health & Wellness Benefits
• Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance
• Employee Assistance Program
• 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.
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.
Valoramos positivamente las solicitudes de personas con certificado de discapacidad igual o mayor al 33%, en cumplimiento de la legislación vigente, Ley General de Derechos de las Personas con Discapacidad y de su inclusión social (LGD).
