AVP, Underwriter, Inland Marine and Programs

Sompo International•Boston, MA

1d•Hybrid

About The Position

Sompo has a unique opportunity for an AVP, Underwriter in our Inland Marine and Programs Insurance team. This position is based out of our Boston, MA, Conshohocken, PA or Chicago, IL offices. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers. As an AVP, Underwriter, you will collaborate with assigned brokers in the Midwest or New England markets. You will manage submission workflow, allowing the team to run optimally to meet plan goals for premium and profitability, and specifically manage and grow in your assigned region. You will conduct a range of business analyses on risks and exposures, pricing structures, rates, terms and conditions; and making recommendations to the senior team, in accordance with corporate guidelines and within given authority levels.

Requirements

At least 7 years of Programs/Inland Marine underwriting experience.
Familiarity with required forms and coverages.
Knowledge of relevant laws associated with underwriting coverages.
Experience working with admitted and non-admitted, wholesale and retail, brokers and agents
Ability to travel as needed.
Demonstrated understanding and ability of effectively engaging 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.
Demonstrate significant contribution to underwriting profit.
Proficient in associated computer programs, including Word, Excel, Outlook, etc.

Responsibilities

Meet stated financial objectives for growth and profitability in support of the portfolio.
Create and maintain relationships to showcase Sompo’s products and capabilities beyond underwriting, including market trends, audits, and claims; represent Sompo through on-site visits, industry conferences, and other engagements.
Review and resolve premium audit issues.
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.
Perform and/or oversee risk analysis (exposure, aggregation, scenario testing, and profitability) using internal models and market data.
Support internal and external audits; identify control gaps and drive remediation actions where needed.
Partner with Claims, Actuarial, Cat/Exposure Management, Finance, and Operations to support underwriting outcomes and portfolio health.

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