AVP, Large Casualty (R1719)

As a leading global provider of insurance and reinsurance, we recognize that our success is derived directly from those who matter most: our people. Sompo International’s headquarters is in Bermuda, and we currently have offices in the United States, the United Kingdom, Continental Europe, and Asia. At Sompo International, a shared commitment to integrity, teamwork, agility, execution, and excellence defines our culture, and we strive to create exceptional value for our clients and shareholders and maintain Sompo International as a desirable place to work.

We are seeking an Assistant Vice President, Underwriting for our Retail National Accounts Primary Casualty Underwriting team in our Chicago, IL, Los Angeles, Atlanta, GA, or New York City office.

Sompo North America provides a client-centric service approach by offering comprehensive multi-line capabilities. Taking a holistic approach to risk management, the unit offers commercial property, primary casualty (general liability, commercial auto, workers' compensation), lead umbrella, and environmental coverages, as well as parametric natural catastrophe products to small, middle-market and large accounts across target industry practices in the U.S., Mexico, and Canada. Sompo also offers the same level of sophisticated services and coverages to Asian-interest accounts in the U.S. and Mexico.

Duties and Responsibilities: Effectively drive acceptable submission activity and quickly 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.Ability to analyze and underwrite specific risks such as Financial Institutions, Professional Services, Manufacturing, Life Science, Technology, Retail, Wholesale etc.Knowledge in underwriting General Liability, Workers Compensation, and AutoUses 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 on large casualty business.Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations 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; andComplete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.

Desired Skills & ExperienceMinimum of 7 years of underwriting authority.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.Established underwriting, quoting, and binding track record of profitable business.Well established relationships with brokers and agents on both a regional and national levelStrong negotiation skillsTeam player and collaborative by natureStrong attention to detailExcellent oral and written communication skills

Salary Range: $120,000– $180,000 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.

At Sompo International, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.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.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 programEmployee Assistance ProgramTax-Free Commuter BenefitTuition Reimbursement & Professional Qualification benefits.

Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V Visit our website at www.sompo-intl.com