VP, Engineered Risk

About the role

The U.S. Insurance Engineered Risk practice provides first-party property coverage for both owner and contractor controlled project specific covers for Contractor All Risk, Erection All Risk and Civil infrastructure occupancies. Working with a select group of wholesale and retail brokers, our experienced specialists tailor solutions to meet the unique needs of each client. Providing individual risk policies as well as products for niche classes, we deliver risk solutions effectively and responsively.

Responsibilities

• Responsible for the development of the Engineered Risk business within their assigned territory.
• Underwrite complex construction projects to properly determine capacity allocation, attachment point, terms and pricing to create a diverse and profitable book of business.
• Manage and develop producer and client relationships.
• Develop and execute a regional marketing plan aimed at retaining existing business and producing new business.
• Create and foster a reputation as an industry expert with peers and producers.
• Provide technical expertise to Sompo Internationals Global Risk Solution and Inland Marine product lines.
• Gather and evaluate industry trends and competitive intelligence.
• Participate in the development of the policy forms, premium rating plans and underwriting guidelines.
• Maintain files in an orderly manner consistent with company guidelines.
• Able to work with others within a team and contribute to the development of others.
• Able to attend industry functions.
• Able to 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, Microsoft office applications

Qualifications

Salary Range: $190,000.00 – $240,000.00
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

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