VP, Engineered Risk

The U.S. Insurance Engineered Risk practice at Sompo provides first-party property coverage for contractor-controlled projects, including Contractor All Risk, Erection All Risk, and Civil infrastructure occupancies. This role is based in Alpharetta, GA; Dallas, TX; Chicago, IL; Houston, TX; New York, NY; Los Angeles, CA; or San Francisco, CA.

About the role

Responsible for developing the Engineered Risk business within the assigned territory. Underwrite complex construction projects, manage and develop producer and client relationships, and provide technical expertise to Sompo's Global Risk Solution and Inland Marine product lines.

Responsibilities

• Develop and execute a regional marketing plan to retain existing business and produce new business.
• Create and foster a reputation as an industry expert with peers and producers.
• Underwrite complex construction projects to determine capacity allocation, attachment points, terms, and pricing.
• Manage and develop producer and client relationships.
• Provide technical expertise to Sompo's Global Risk Solution and Inland Marine product lines.
• Gather and evaluate industry trends and competitive intelligence.
• Participate in the development of policy forms, premium rating plans, and underwriting guidelines.
• Maintain files in an orderly manner consistent with company guidelines.
• Contribute to the development of others within a team.
• Attend industry functions.
• Travel nationally 25% of the time.

Requirements

• 12+ years of Engineered Risk/Construction Property underwriting experience.
• Established relationships with regional retail & wholesale brokers.
• Established relationships with national facultative reinsurers.
• Experience in successfully underwriting, quoting, and binding profitable business.
• Bachelor’s Degree with an Engineering discipline preferred.
• Strong attention to detail.
• Excellent oral and written communication skills.
• Strong analytical and organizational skills.
• Strong computer skills, including Microsoft office applications.

Qualifications

• Proven ability to work with others within a team and contribute to the development of others.
• Ability to attend industry functions.
• Ability to travel nationally 25% of the time.

Skills

• Technical expertise in engineered risk and construction property.
• Strategic thinking and problem-solving skills.
• Effective communication and relationship-building abilities.
• Strong analytical and organizational skills.
• Proficiency in Microsoft Office applications.

Benefits

At Sompo, we offer a competitive compensation package, including a salary range of $190,000.00 - $240,000.00, and comprehensive benefits such as:

• Two medical plans and pharmacy benefits.
• Dental and vision benefits.
• Disability and life insurance.
• 401(k) retirement savings plan.
• Paid time off and parental leave.
• Tuition reimbursement and professional qualification benefits.

Pay

$190,000.00 - $240,000.00

Schedule

National travel 25% of the time