AVP - Underwriter Team Lead, Middle Market

Sompo International•Chicago, IL

4d•Onsite

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 AVP - Underwriter Team Lead on our Middle Market team. Our Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and manufacturing. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition. Location: This position will be based out of 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. Our business, your impact, our opportunity: What you’ll be doing:

Requirements

Bachelor's degree or equivalent experience
Preferred minimum of 8 years of underwriting experience with authority
Deep underwriting experience across all lines of business including Property, Auto, General Liability, Umbrella, and Workers’ Compensation
Experience with accounts of all sizes involving large brokerage houses, agents, and specialty retailers
Proven track record in underwriting, quoting, and binding profitable business
Exceptional oral and written communication skills, with clarity and purpose
Excellent organizational skills, integrity, and follow-through
Comfortable challenging norms and collaborating at all organizational levels
Strong sense of accountability
Proven ability to build and maintain strong business relationships with insureds, agents, and brokers
Strong customer service orientation with a reputation for responsiveness and relationship preservation
Willingness to travel to market assigned territory to include overnight trips (25%)
Advanced proficiency in Microsoft suite products

Responsibilities

Managing a team of local underwriters situated in the Chicago market; coaching and developing a team across a variety of experience levels in both technical and market-facing skills
Coordinating production underwriting activity regarding traveling/marketing and target production plans
Prioritize and evaluate new and renewal submissions with the team to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives
Price and analyze coverage, structure, and exposures on individual risks
Utilize/Drive Data Analytics within team to sharpen underwriting strategy & uncover opportunities both internally & externally to improve process
Authorize quotes/binders/invoices as appropriate within own authority level
Reinforce region-specific product strategies that best align internal and external stakeholders to win.
Support our focus of building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture
Focused proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite
Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems, and procedures
Expand existing portfolio of business by developing existing relationships and new prospective clients
Utilize broker and distribution resources to identify target opportunities and mobilize team to pipeline and Support growth by strategically pursuing promising opportunities
Attend client/broker meetings, lunches, dinners, and other social outings as applicable
Keeps current on state/territory issues, regulations, and trends
Basic understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, 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 include 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 employees, 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