VP, Territory Manager, Environmental
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 VP, Territory Manager in our U.S. Environmental Insurance team. Location: This position will be based out of our Chicago 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: As the VP Territory Manager, you will lead an assigned underwriting territory for the Central U.S. market. You will build and manage partnerships with agents, brokers, and other distribution partners, leveraging strategic thinking to develop and maintain a strong pipeline of opportunities that supports profitable growth in Sompo’s Environmental business. You will underwrite both Environmental Pollution and Casualty accounts within your authority level and established guidelines while partnering across functions to deliver strong portfolio performance. Our business, your impact, our opportunity: What You'll Be Doing:
Requirements
- At least 10 years casualty or environmental underwriting experience.
- Familiarity with required forms and coverages.
- Knowledge of relevant laws associated with US Environmental underwriting coverages.
- Experience underwriting non-admitted lines of coverage, and working with wholesale and retail brokers/agents
- Ability to travel as needed.
- Demonstrates an understanding and ability to effectively engage in the negotiation process.
- Adept at risk selection, exposure evaluation and ability to rate, quote, and sell non-admitted solutions.
- Excellent organizational skills
- Very strong analytical, oral and written communication skills required.
- Ability to meet tight deadlines is essential.
- Strong customer service with a professional attitude and approach needed.
- Ability to interact and communicate with various levels of the organization to cross-sell or address processing requirements.
- Demonstrate significant contribution to underwriting profit.
- Proficient in associated computer programs, including Word, Excel, Outlook, etc.
Nice To Haves
- Previous managerial experience a plus.
Responsibilities
- Underwrite complex accounts and manage a team of underwriters
- Contribute to the learning and development of divisional underwriters.
- Meet stated financial objectives for growth and profitability for the Environmental elements of the Specialty portfolio.
- Create and maintain relationships to showcase Sompo’s products and capabilities beyond underwriting, including market trends, audits, and claims; represent Sompo through on-site visits, industry conferences, and other engagements.
- Review and resolve premium audit issues.
- Utilize underwriting standards, practices, and tools to determine accurate classifications, rates, and premium charges.
- Participate in special projects and provide guidance and coaching to others (directly and/or through matrix leadership).
- Review applicable laws and regulations, including cancellation and non-renewal protocols, in assigned locations.
- Perform and/or oversee risk analysis (exposure, aggregation, scenario testing, and profitability) using internal models and market data.
- Support internal and external audits; identify control gaps and drive remediation actions where needed.
- Partner with Claims, Actuarial, Cat/Exposure Management, Finance, and Operations to support underwriting outcomes and portfolio health.
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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
Number of Employees
501-1,000 employees
