VP Property Facultative Underwriter

Sompo International Holdings Ltd.

$200K — $270K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10-12 years of industry experience, specifically in Property Facultative across the Broker Market and Direct segments.
  • Proficient in individual risk and automatic underwriting; ARe and/or CPCU designations preferred.
  • Skilled in performing detailed risk analysis and adept at complex negotiations.
  • Strong oral and written communication skills, with excellent organizational abilities to meet deadlines.
  • Professional attitude with a focus on client service and building long-term partnerships.
  • Ability to collaborate with various stakeholders across different organizational levels.
  • Advanced familiarity with software tools like AI, Microsoft Word, Excel, and Outlook.

Responsibilities

  • Develop relationships and underwrite complex accounts to achieve profitable premium growth.
  • Meet financial objectives for portfolio growth and profitability.
  • Ensure proficiency in truncated tenure filing and retrocessional planning.
  • Establish and showcase SompoRe's capabilities beyond underwriting to clients and partners.
  • Update Property Facultative guidelines annually to reflect Retrocessional renewal terms.
  • Lead special projects and provide mentorship and coaching to colleagues.
  • Conduct risk analysis using internal models and market data to assess exposure and profitability.

Benefits

  • Two medical plan options with employer contribution to Health Savings Account.
  • Comprehensive pharmacy benefits with mail order options.
  • Dental and vision benefits including orthodontia for adults and children.
  • Flexible Spending Accounts for healthcare and dependent care expenses.
  • Company-paid Life & AD&D benefits, with supplemental coverage options.
  • Disability benefits with competitive salary continuation.
  • 401(k) Retirement Savings Plan with employer contributions.
  • Robust paid-time-off programs inclusive of company-paid holidays.
  • Parental Leave and Adoption Assistance program.
  • Employee Assistance Program and tax-free commuter benefits.
  • Tuition Reimbursement and Professional Qualification benefits.
Full Job Description
Job Description

What you'll be doing:
  • Develop relationships, organic premium growth, and underwrite complex accounts to drive profitable premium.
  • Meet stated financial objectives for growth and profitability for the elements of the portfolio.
  • Ensure proficiency in truncated tenure filing and retrocessional planning.
  • Create and maintain relationships to showcase SompoRe's capabilities beyond underwriting, including market trends, audits, and claims; represent SompoRe through on-site visits, industry conferences, and other engagements.
  • Support updates to Property Facultative guidelines year on year to mirror Retrocessional renewal terms.
  • Participate in special projects and provide guidance and coaching to others (directly and/or through matrix leadership).
  • 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.


What you'll bring:
  • At least 10 years, preferably 12 years of industry experience with Property Facultative experience Broker Market and Direct
  • Demonstrated proficiency in individual risk and automatic underwriting. Industry designations such as ARe and/or CPCU are preferred.
  • Proven ability to perform detailed risk analysis and effectively engage in complex negotiations.
  • Exceptional oral and written communication abilities, coupled with strong organizational skills and the capacity to meet tight deadlines.
  • Professional demeanor with a commitment to delivering outstanding client service and building long-term partnerships.
  • Ability to interact and collaborate with stakeholders across various levels of the organization.
  • Advanced knowledge of relevant software tools, including AI, Microsoft Word, Excel, Outlook, and other applications.
  • Willingness to travel as required to support client relationships and business objectives.


Salary Range: $200,000 - $270,000. 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


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