AVP - Underwriter, Primary Retail Casualty

AVP - Underwriter, Primary Retail Casualty

Sompo has a unique opportunity for an Assistant Vice President - Underwriter on our Retail Primary Casualty Underwriting team in our Chicago, IL office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long‑lasting careers.

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 general liability, commercial auto, and workers' compensation lines of business through a diverse range of program structures including guaranteed cost, SIRs, deductibles, captives, and more. The unit focuses on large accounts across a wide range of industry practices in the U.S., Mexico, and Canada including manufacturing, real estate, hospitality, financial institutions, professional services, life sciences, technology, retail, and Asian‑interest accounts.

Additionally, engaging in cross‑functional collaboration with our property, umbrella/excess, and environmental business units is integral to our organizational identity and success.

What you’ll be doing:

• 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; price risk based on financial and competitive analysis
• Ability to analyze and underwrite specific risks such as Real Estate, Hospitality, Financial Institutions, Professional Services Firms, Manufacturing, Life Science, Technology, Retail etc.
• Knowledge in General Liability, Workers Compensation and Auto
• 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 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
• Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.

What you’ll bring:

• Minimum of 7+ 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
• Established underwriting, quoting, and binding track record of profitable business
• Well established relationships with brokers and agents on both a regional and national level
• Team player and collaborative by nature
• Strong attention to detail
• Excellent oral and written communication skills

Salary Range: $120,000-$195,000. 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, 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 under performs. 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 &…