AVP, Industry Practice Property Underwriter

AVP, Industry Practice Large Property Underwriter

Join to apply for the AVP, Industry Practice Large Property Underwriter role at Sompo.

Location: This position will be based out of one of our offices in San Francisco, CA, Los Angeles, CA, Irvine, CA, Seattle, WA, and Chicago, IL. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long lasting careers.

Summary
Sompo North America provides a client-centric white-glove service approach with multi-line capabilities across select industry verticals including real estate, hospitality, financial institutions, and professional services. 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 in the U.S., and Asian-interest accounts in the U.S.

• Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards.
• Review applications and financial requirements to determine acceptability of risk in accordance with Sompo guidelines and standards.
• Understand pricing components and rating methodology; price risk based on financial and competitive analysis.
• Use underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed.
• Demonstrate strong technical underwriting skills through strategic, thorough account reviews and file documentation.
• Prepare or analyze information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations to drive results within the assigned territory.
• Adhere to guidelines and underwriting discipline to minimize exposure and appropriately price risks.
• Stay current on state/territory issues, regulations, and trends; have a complete understanding and ability to use sophisticated pricing models across structures (guaranteed cost, captives, SIRs, deductibles, etc.).

• Minimum 8+ years of underwriting/insurance experience
• Bachelor’s Degree preferred
• Shared and layered experience, preferably in a primary position
• Experience underwriting all sizes of accounts with large brokerage houses, agents and specialty retailers
• Experience underwriting real estate, hospitality, financial institutions and professional services
• Established underwriting, quoting, and binding track record of profitable business
• Proven ability to build and maintain strong business relationships with insureds, agents & brokers regionally and nationally
• Strong negotiation skills
• Team player and collaborative by nature
• Strong attention to detail

$ - $. Actual compensation depends on factors including location, qualifications, skills, competencies, and relevant experience.

We offer competitive, high-quality compensation and benefit programs. Our compensation program promotes a pay-for-performance culture with incentives tied to company and individual performance.

Summary of Benefits – two medical plans (Traditional PPO and HSA-based plan), pharmacy, dental (including orthodontia), vision, Health Care & Dependent Care Flexible Spending Accounts, company-paid Life & AD&D, optional supplemental life, disability benefits, 401(k) with employer contributions, paid time off and holidays, parental leave and adoption assistance, Employee Assistance Program, tax-free commuter benefits, and tuition reimbursement.

Equal Opportunity – Sompo is an equal opportunity employer. We value inclusion and diversity and do not discriminate based on race, color, religion, sex orientation, national origin, or age.