AVP, E&S Property

About the role

Sompo has a unique opportunity for an Assistant Vice President in our E&S Property team. Our E&S Property team considers all types of commercial occupancies for catastrophe protection based on individual risk characteristics. We entertain single location risks as well as large schedules of locations and consider risks throughout the US including those located in both catastrophe prone and non-catastrophe prone areas.

Responsibilities

• Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards.
• Able to quickly review applications and financial requirements to determine acceptability of risk in accordance with Sompo guidelines and standards;
• Understands pricing components and rating methodology; prices risk based on financial and competitive analysis;
• 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;
• Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory;
• Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risks;
• Keeps current on state/territory issues, regulations, and trends;
• Completes understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.
• Attends client/broker meetings, lunches, dinners and other social outings as applicable;
• Willingness to travel to aggressively market assigned territory;
• Assists in mentoring Underwriting Trainees and junior underwriters.

Requirements

Minimum 8 plus years of underwriting/insurance experience

Bachelor’s Degree preferred

Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers

Established underwriting, quoting, and binding track record of profitable business

Proven track record of building and maintaining strong business relationships with insureds, agents & brokers on both a regional and national level

Strong negotiation skills

Team player and collaborative by nature

Strong attention to detail

Travel as needed

Qualifications

$150,000 – $185,000

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.

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

Tax-Free Commuter Benefit

Tuition Reimbursement & Professional Qualification benefits