AVP - Underwriter, Primary Retail Casualty

Sompo International•Chicago, IL

58d

About The Position

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions. Job Description Are you looking for your next opportunity? Sompo has a unique opportunity for an Assistant Vice President - Underwriter on our Retail Primary Casualty Underwriting team in our Chicago, IL office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers. Sompo North America provides a client-centric service approach by offering comprehensive multi-line capabilities. Taking a holistic approach to risk management, the unit offers general liability, commercial auto, and workers' compensation lines of business through a diverse range of program structures including guaranteed cost, SIRs, deductibles, captives, and more. The unit focuses on large accounts across a wide range of industry practices in the U.S., Mexico, and Canada including manufacturing, real estate, hospitality, financial institutions, professional services, life sciences, technology, retail, and Asian-interest accounts. Additionally, engaging in cross-functional collaboration with our property, umbrella/excess, and environmental business units is integral to our organizational identity and success. Our business, your impact, our opportunity:

Requirements

Minimum of 7+ years of underwriting/insurance experience
Bachelor's Degree preferred
Well versed and experienced in working, producing, and underwriting all sizes of accounts with the 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
Strong negotiation skills
Team player and collaborative by nature
Strong attention to detail
Excellent oral and written communication skills

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 General Liability, Workers Compensation and Auto
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 on large casualty business
Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations 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
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