AVP, IP Large Property

About the role

Sompo has a unique opportunity for an Assistant Vice President in our Large Property team. This position will support our Industry Practice business.

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;
• Good understanding of 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;
• and Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.

Requirements

• Minimum 8 plus years of underwriting/insurance experience
• Bachelor’s Degree preferred
• Shared and layered experience, preferably in a primary position
• Well verse and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents and specialty retailers
• Experience in underwriting real estate, hospitality, financial institutions, professional services and technical risks
• 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

Qualifications

• Minimum 8 plus years of underwriting/insurance experience
• Bachelor’s Degree preferred
• Shared and layered experience, preferably in a primary position
• Well verse and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents and specialty retailers
• Experience in underwriting real estate, hospitality, financial institutions, professional services and technical risks
• 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

Skills

• Technical underwriting skills
• Underwriting discipline
• Pricing models
• Adverse underwriting decisions
• Rate appeals
• Underwriting requirements
• Status and declinations
• Sophisticated pricing models
• Guaranteed cost
• Captives
• SIRs
• Deductibles

Benefits

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

Pay

$150,000.00 - $185,000.00

Schedule

Not specified