Sompo International-posted 3 months ago
$200,000 - $250,000/Yr
Full-time • Senior
Chicago, IL
Insurance Carriers and Related Activities

Sompo has a unique opportunity for a Vice President, Commercial Surety Field Group Leader in our Surety business unit. In collaboration with the Surety Leadership team, this role is responsible for underwriting risks, while developing and nurturing field underwriters career development, and broker relationships across our growing Surety operation. Location: This position will be based out of our Chicago or Alpharetta Sompo Office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.

  • Reviews submissions and financial requirements to determine acceptability of risk in accordance with guidelines and standards
  • Understands pricing components and rating methodology as well as use of the predictive modeling tools to price risk based on financial and competitive analysis
  • Uses all appropriate underwriting tools, disciplines, and knowledge of strategies to ensure underwriting guidelines are followed
  • Demonstrates 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 to drive results within the assigned territory
  • Adheres to CAT guidelines and underwriting discipline to minimize exposure and appropriately price
  • Manages assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business, and portfolio management goals
  • Prioritizes time and resources to effectively manage and optimize producer performance
  • Develops producer relationships to build pipeline, agency intelligence, and drives performance to meet and exceed results
  • Develops and implements distributor specific plans, monitors performance, and adjusts plan to ensure a substantial pipeline for future profitable growth
  • Drives effective relationship management, underwriting team management, and client activities to build trust, facilitate negotiation and secure commitment with the customer
  • Bachelor's degree preferred
  • AFSB preferred
  • Minimum 12-15 years of Surety underwriting experience
  • Strong knowledge of Surety underwriting, techniques, national/local filing regulations and guidelines
  • Knowledge of underwriting processes, coverages, and tools to gather and evaluate information to reach appropriate decisions on renewals and new business
  • Demonstrated ability to build and grow a profitable book of business and pipeline for future business
  • Ability to manage and development underwriting talent
  • Ability to uncover customer needs, position specific solutions, handle objections and close deals
  • Ability to be a subject matter expert/resource and lead others
  • 25% Travel
  • 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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