Job DescriptionAre you looking for your next opportunity?Sompo has a unique opportunity for a
Vice President - UnderwriterTeam Leader, on our
Primary Retail Casualty underwriting team in our
Irvine, CA, Los Angeles, CA or New York, NY 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:- 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.
What you'll bring:- Minimum of 10+ years of underwriting/insurance experience
- Bachelor's Degree preferred
- 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
Salary Range: $145,000 - $240,000 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
