AVP Underwriter, Energy

About the role

Sompo has a unique opportunity for an Assistant Vice President in our Energy team. This position will support the Head of North America Energy to develop and implement an underwriting strategy that identifies profitable market opportunities, in addition to working with a select group of wholesale and retail brokers and our experienced specialists to tailor solutions to meet the unique needs of each client.

Responsibilities

• Able to quickly review applications and financial requirements to determine acceptability of risk in accordance with Sompo guidelines and standards;
• Understand pricing components, rating methodology and use of rating tools to price risks based on exposures and risk analysis;
• Demonstrate technical underwriting skills through strategic, thorough account review and file documentation;
• Use all appropriate underwriting tools, disciplines, and knowledge of strategies to ensure underwriting guidelines are followed;
• Prepare quote for new and renewal business, service accounts throughout the policy term, provide exemplary service to brokers;
• Attend client/broker meetings, lunches, dinners and other social outings as applicable;
• Foster leadership, development and operational excellence within the team;
• Review and assist in managing profitability;
• Keep current on state/territory Insurance issues, trends, and regulations.

Requirements

• Minimum 10 years of Energy underwriting experience;
• Bachelor’s Degree preferred;
• Experience in working, production; and underwriting all sizes of accounts with large brokerage houses and specialty retailers;
• Successfully underwriting, quoting, and binding profitable business;
• Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint);
• Excellent communication (both written and verbal) skills;
• Strong analytical and organizational skills;
• Strong negotiation skills;
• Team player willing to contribute to the whole of the company;
• 25% Travel

Qualifications

• Salary Range: $160,000.00 - $190,000.00
• 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.

Skills

• Competitive, high-quality compensation and benefit programs
• 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
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits

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.