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
Salary Range: $150,000.00 - $185,000.00
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.
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