VP - Underwriter Team Lead, Primary Retail Casualty
About The Position
Are you looking for your next opportunity? Sompo has a unique opportunity for a Vice President - Underwriter Team Leader, on our Primary Retail Casualty underwriting team in our NYC, Garden City, NY, Morristown, NJ or Boston, MA office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers. Sompo North America provides a client-centric service approach by offering comprehensive multi-line capabilities. Taking a holistic approach to risk management, the unit offers general liability, commercial auto, and workers' compensation lines of business through a diverse range of program structures including guaranteed cost, SIRs, deductibles, captives, and more. The unit focuses on large accounts across a wide range of industry practices in the U.S., Mexico, and Canada including manufacturing, real estate, hospitality, financial institutions, professional services, life sciences, technology, retail, and Asian-interest accounts. Additionally, engaging in cross-functional collaboration with our property, umbrella/excess, and environmental business units is integral to our organizational identity and success.
Requirements
- Minimum of 10+ years of underwriting/insurance experience
- Well versed and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents, and specialty retailers
- Established underwriting, quoting, and binding track record of profitable business
- Well established relationships with brokers and agents on both a regional and national level
- Strong negotiation skills
- Team player and collaborative by nature
- Strong attention to detail
- Excellent oral and written communication skills
- Ability to travel for internal/external meetings and client marketing
Nice To Haves
- Bachelor’s Degree preferred
Responsibilities
- Effectively lead a team of underwriters & manage a book of business that deliver results meeting group long term profitability targets
- Oversee the team's compliance with corporate and internal audit standards, ensure adherence to the underwriting authority framework, and verify that proper approvals are obtained for risks, including those requiring referral and actuarial review
- Identify new opportunities through a robust marketing effort in assigned regions
- Effectively drive acceptable submission activity and quickly 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
- Ability to analyze and underwrite specific risks such as Real Estate, Hospitality, Financial Institutions, Professional Services Firms, Manufacturing, Life Science, Technology, Retail etc.
- Knowledge in General Liability, Workers Compensation and Auto
- 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 on large casualty business
- Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations to drive results within the assigned territory
- Keeps current on state/territory issues, regulations, and trends
- 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
Senior
