VP, IP Large Property
About The Position
Sompo has a unique opportunity for a Vice President Underwriting in our Large Property team. This position will support our Industry Practice business. Sompo North America provides a client-centric white-glove service approach by offering comprehensive multi-line capabilities to accounts in select industry practices including real estate, hospitality, financial institutions, and professional services. Taking a holistic approach to risk management, the unit offers commercial property, primary casualty (general liability, commercial auto, workers' compensation), lead umbrella, and environmental coverages, as well as parametric natural catastrophe products to small, middle-market and large accounts across target industry practices in the U.S. We also offer the same level of sophisticated services and coverages to Asian-interest accounts in the U.S.
Requirements
- Minimum 10 plus years of underwriting/insurance experience
- Bachelor’s Degree preferred
- Well verse and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents and specialty retailers
- Proficient with matrix reporting management
- Experience in underwriting reverse flow business, manufacturing, wholesale/retail, food processing, technology, and life sciences risks
- 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
Nice To Haves
- Risk engineering experience is preferred
- Established underwriting, quoting, and binding track record of profitable business
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; Good understanding of 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.
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
Executive
