AVP, Cyber/E&O Underwriter
About the role
Sompo has a unique opportunity for an Assistant Vice President, Cyber/E&O Underwriter as part of our Sompo Pro team. Our Sompo Pro Liability team offers diverse capabilities targeted at providing Miscellaneous Professional Liability, Technology Errors and Omissions, Cyber Liability, Media Liability, Architects and Engineers Professional Liability, and Insurance Agents and Brokers Errors & Omissions Liability coverages. We work through a network of Retail & Wholesale brokers who share our commitment to long-term partnerships built on a strong service proposition.
Responsibilities
Underwriting of Miscellaneous Professional Liability, Technology Errors and Omissions, Cyber Liability, Media Liability, Architects and Engineers Professional Liability, and Insurance Agents and Brokers
Lead the Chicago retail team for above products
Evaluate all individual risk characteristics and properly determine capacity, attachment point, terms and pricing
Maintain and enhance existing broker relationships as well as identify and develop new relationships within the Northeast region with retail partners
Develop and execute marketing plan aimed at retaining existing business and producing new opportunities that fit with in the Sompo Pro division risk appetite
Participate in account discussions while exercising discretion and independent judgment in the analysis and evaluation of risk
Effectively interact, communicate and negotiate with all levels of external and/or internal business partners
Requirements
Established relationships with Retail Broker Network
Minimum of 7 years of Professional lines Underwriting Experience
Excellent oral and written communication skills
Strong analytical and organizational skills
Ability to travel approximately 10% of the time
Qualifications
Graduate degree in Business Administration, Finance, Economics, or related field
Professional Underwriting Certification (PUC) or similar certification preferred
Skills
Strong negotiation and relationship-building skills
Ability to manage multiple projects simultaneously
Excellent problem-solving and decision-making abilities
Benefits
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.
Pay
$135,000 - $190,000
Schedule
Full-time
Summary
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
Equal Opportunity Employer
We intentionally value inclusion and diversity. At Sompo, we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.