VP, IP Large Property

About the role

This position supports Sompo North America's Industry Practice business, offering comprehensive multi-line capabilities including commercial property, primary casualty, lead umbrella, and environmental coverages. The role focuses on driving acceptable submission activity and quickly 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
• Strong attention to detail

Skills

• Technical underwriting skills
• Underwriting discipline
• Sophisticated pricing models

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. Below is a summary of our current 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
• 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

Pay

$190,000.00 - $250,000.00

Schedule

Full-time