AVP - Underwriter, Primary Retail Casualty
About The Position
Sompo has a unique opportunity for an Assistant Vice President – Underwriter in our Primary Retail Casualty Business Unit. The Primary Retail Casualty team delivers a client-focused approach to risk management by providing comprehensive multi-line solutions. These include general liability, commercial auto, and workers' compensation coverages, offered through various program structures such as guaranteed cost, self-insured retentions (SIRs), deductibles, and captives. The team specializes in serving large accounts across diverse industries in the U.S., Mexico, and Canada, such as manufacturing, real estate, hospitality, financial institutions, professional services, life sciences, technology, retail, and Asian-interest sectors. Collaboration with other business units, including property, umbrella/excess, and environmental, is a key component of the team's strategy and contributes to the organization's overall success. This position will be based out of our (New York, NY, Denver, CO, Los Angeles, CA or Irvine, CA office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.
Requirements
- Minimum of 8 years of underwriting/insurance experience
- Bachelor’s Degree preferred
- Well verse and experienced in working, producing, and underwriting all sizes of accounts with large brokerage houses, agents, and specialty retailers
- Established underwriting, quoting, and binding track record of profitable business
- Well established relationships with brokers and agents on both a regional and national level
- Excellent oral and written communication skills as well as strong negotiation skills.
- Willingness to travel to market assigned territory to include overnight trips (25%).
Responsibilities
- Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards
- Good understanding of pricing components and rating methodology; prices risk based on financial and competitive analysis
- Ability to analyze and underwrite specific risks such as Real Estate, Hospitality, Financial Institutions, Professional Services Firms, Manufacturing, Life Science, Technology, Retail etc.
- Knowledge in underwriting General Liability, Workers Compensation, Auto and Umbrella
- Exhibits strong technical underwriting skills through strategic, thorough account reviews and file documentation on large casualty business
- Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
