AVP, Technical Product Line Manager - Commerical Property

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 in our North America Product Developmentteam for an AVP, Technical Product Line Manager - Commercial Property,

The Product Development team is responsible for managing commercial property and casualty insurance products for Sompo Insurance. This Technical Product Line Manager is responsible for managing commercial property insurance products for Sompo North America Insurance. This includes maintaining and developing needed insurance products, implementing strategies for appropriate rate levels and assisting in the development of appropriate underwriting guidelines and tools to deliver a compliant product. The Technical Product Line Manager is recognized for her or his high level of technical expertise in the handling of Insurance Services Office (ISO) and independent proprietary products.

Location: This position will 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.

Our business, your impact, our opportunity:

What you'll be doing:

• Coordinate the company's product development and maintenance activities for the analysis and adoption of forms, loss costs, rules and other related regulatory items.
• Lead development of approved new or updated products as needed for geographical expansion initiatives or for specific business units. This includes collaboration with Underwriting, Legal, Claims, State Filing, and Actuarial. functions to create appropriate coverage language and rating approaches.
• Conduct underwriting audits on designated lines of business to ensure compliance with company standards and regulatory compliance. Provide feedback and transparency during the process as well as support for implementation and compliance with audit recommendations.
• In collaboration with underwriting, legal and other functions, implement underwriting guidelines, resources and tools that contribute to company compliance, underwriting standards, and profitability.

What you'll bring:

• College degree and /or CPCU preferred
• 7 + years' experience in underwriting commercial lines of business with emphasis on designated lines of business as noted above. Inland or Ocean Marine, Builders Risk, or specialty lines experience would be helpful.
• Ability to communicate effectively and collaboratively (written & verbal) with co-workers and other colleagues.
• Experience in product line management, ISO products, and admitted business preferred.
• Understanding of state filing process and experience in handling large accounts preferred.
• Demonstrated analytical ability and good business judgment.
• Experience using Windows, Microsoft Office Suite (Word, Excel, Power Point), Adobe/Nitro, SharePoint.
• Demonstrated ability to manage multiple priorities with a sense of urgency.

Salary Range: $100,000 - $155,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• 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

In today's world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone's unique contributions - we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.