VP, Product Line Manager, Commercial Property

Sompo • Morristown, NJ

202d • $170,000 - $220,000

About The Position

Sompo has a unique opportunity for a VP, Product Line Manager, Commercial Property to support our North America Product Development team. As a VP, Product Line Manager, you’ll be responsible for managing and developing Commercial Property insurance products for our North America Insurance division. You'll play a pivotal role in implementing strategies for rate levels and contribute to the creation of underwriting guidelines and tools to ensure the delivery of a compliant product. This position may be based out of our New York, NY, Morristown, NJ or Charlotte, NC office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Requirements

• Minimum of 10-12 years of experience in underwriting commercial lines, including Property, Marine, Builders' Risk, or other specialty lines
• Skilled in commercial property product line management or underwriting, including ISO products, manuscripts, underwriting audits, and admitted business
• Understanding of state filing process and experience in handling large accounts
• Strong interpersonal and communication skills, with a proven ability to work collaboratively across diverse teams
• Technical capabilities including Microsoft Office Suite, Adobe/Nitro, and SharePoint
• Undergraduate degree or industry designations preferred but not required

Responsibilities

• Oversee the development and maintenance of commercial property products, focusing on the analysis and integration of essential forms, loss costs, rules, and other related regulatory items
• Lead the creation of insurance products to drive our growth and expansion initiatives
• Implement impactful underwriting guidelines and resources that will enhance company compliance, uphold underwriting excellence, and boost profitability
• Partner with internal teams from underwriting, legal, claims, state filing, and actuarial to create coverage language and rating strategies
• Conduct thorough underwriting audits, ensuring all company and regulatory standards are met
• Lead the implementation of audit recommendations, contributing to a culture of continuous improvement and success

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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree