AVP, E&S Property

Sompo International•Boston, MA

2d•Hybrid

About The Position

Sompo has a unique opportunity for an Assistant Vice President in our E&S Property team. Our E&S Property team considers all types of commercial occupancies for catastrophe protection based on individual risk characteristics. We entertain single location risks as well as large schedules of locations and consider risks throughout the US including those located in both catastrophe prone and non-catastrophe prone areas.

Requirements

Minimum 8 plus years of underwriting/insurance experience
Bachelor’s Degree preferred
Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers
Established underwriting, quoting, and binding track record of profitable business
Proven track record of building and maintaining strong business relationships with insureds, agents & brokers on both a regional and national level
Strong negotiation skills
Team player and collaborative by nature
Strong attention to detail
Travel as needed

Responsibilities

Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards.
Able to quickly review applications and financial requirements to determine acceptability of risk in accordance with Sompo guidelines and standards; Understands pricing components and rating methodology; prices risk based on financial and competitive analysis; Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed; Exhibits strong technical underwriting skills through strategic, thorough account reviews and file documentation; Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory; Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risks; Keeps current on state/territory issues, regulations, and trends; and Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.
Attend client/broker meetings, lunches, dinners and other social outings as applicable
Willingness to travel to aggressively market assigned territory
Assist in mentoring Underwriting Trainees and junior underwriters

Benefits

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