VP, Engineered Risk
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 a Vice President in our Engineered Risk team. The U.S. Insurance Engineered Risk practice provides first-party property coverage for both owner and contractor controlled project specific covers for Contractor All Risk, Erection All Risk and Civil infrastructure occupancies. Working with a select group of wholesale and retail brokers, our experienced specialists tailor solutions to meet the unique needs of each client. Providing individual risk policies as well as products for niche classes, we deliver risk solutions effectively and responsively. Location: This position can be based out of our Alpharetta, GA; Dallas, TX; Chicago, IL; Houston, TX; New York, NY; Los Angeles, CA; or San Francisco, CA areas. 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
- 12+ years of Engineered Risk/Construction Property underwriting experience
- Established relationships with regional retail & wholesale brokers
- Established relationships with national facultative reinsurers
- Experience in successfully underwriting, quoting, and binding profitable business
- Bachelor’s Degree with an Engineering discipline preferred
- Strong Attention to detail
- Excellent oral and written communication skills
- Strong analytical and organizational skills
- Strong computer skills, Microsoft office applications
Responsibilities
- Responsible for the development of the Engineered Risk business within their assigned territory.
- Underwrite complex construction projects to properly determine capacity allocation, attachment point, terms and pricing to create a diverse and profitable book of business.
- Manages and develops producer and client relationships.
- Develops and executes a regional marketing plan aimed at retaining existing business and producing new business.
- Creates and foster a reputation as an industry expert with peers and producers.
- Provide technical expertise to Sompo Internationals Global Risk Solution and Inland Marine product lines.
- Gather and evaluate industry trends and competitive intelligence.
- Participates in the development of the policy forms, premium rating plans and underwriting guidelines.
- Maintain files in an orderly manner consistent with company guidelines.
- Ability to work with others within a team and contribute to the development of others.
- Ability to attend industry function(s).
- Ability to travel nationally 25% of the time
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
Number of Employees
501-1,000 employees
