VP, IP Large Property

About the role

This position supports the Industry Practice business of Sompo North America, offering comprehensive multi-line capabilities including commercial property, primary casualty, lead umbrella, and environmental coverages, as well as parametric natural catastrophe products.

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

Requirements

• Minimum 10 plus years of underwriting/insurance experience
• Bachelor’s Degree preferred
• Well verse and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents and specialty retailers
• Proficient with matrix reporting management
• Experience in underwriting reverse flow business, manufacturing, wholesale/retail, food processing, technology, and life sciences risks
• Risk engineering experience is preferred
• 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 10 plus years of underwriting/insurance experience
• Bachelor’s Degree preferred
• Well verse and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents and specialty retailers
• Proficient with matrix reporting management
• Experience in underwriting reverse flow business, manufacturing, wholesale/retail, food processing, technology, and life sciences risks
• Risk engineering experience is preferred
• 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
• Strong attention to detail

Skills

• Underwriting/Insurance Experience
• Matrix Reporting Management
• Reverse Flow Business
• Manufacturing
• Wholesale/Retail
• Food Processing
• Technology
• Life Sciences Risks
• Risk Engineering
• Underwriting Quoting Binding
• Profitable Business Relationships
• Negotiation Skills
• Attention to Detail

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
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

Pay

Salary Range: $190,000.00 - $250,000.00

Schedule

Based out of one of our New York, NY, Charlotte, NC or Alpharetta, GA offices.