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. The role focuses on driving acceptable submission activity and determining risk acceptability.

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 versed 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 versed 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.

Skills

• Technical underwriting skills.
• Underwriting discipline.
• Sophisticated pricing models.
• Matrix reporting management.
• Reverse flow business.
• Manufacturing.
• Wholesale/retail.
• Food processing.
• Technology.
• Life sciences risks.
• Risk engineering.

Benefits

Summary of benefits includes medical, dental, vision, health care and dependent care flexible spending accounts, life and AD&D benefits, disability benefits, 401(k) retirement savings plan, paid time off, parental leave, tuition reimbursement, and professional qualification benefits.

Pay

$190,000.00 - $250,000.00

Schedule

The position is based out of one of Sompo's New York, NY, Charlotte, NC or Alpharetta, GA offices.