Location: New York,NY, USA
As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.
Job Description
We are seeking an Assistant Vice President Underwriter for the North America Environmental team in Chicago, Alpharetta, or New York City. The experienced insurance professional will underwrite construction risks for environmental and professional exposures on practice and project basis, for contractors and owners. They will also underwrite site environmental liability for specified appetite; and follow form excess opportunities for both contractors and owner exposures.
Job Responsibilities
Underwriting
* Agility in underwriting to efficiently and comprehensively review submission documents to determine acceptability of risk in accordance with Sompo guidelines
* Demonstrate a solid understanding of pricing and rating methodology
* Price risk based on underwriting and competitive analysis
* Manage and justify rate changes
* Select, price and craft terms and conditions for risks in an innovative and competitive manner
* Communicate with strong sales and negotiation skills to promote Sompo proposals and brand, that result in positive production results
* Exhibit strong decision-making skills
* Adhere to guidelines, authority and referral process
* Maintain underwriting discipline to minimize exposure
Distribution & Marketing
* Establish and maintain distribution relationships to include
* Regional and national distribution partners with generalist and specialty focus on construction, professional and environmental products
* Retail and Wholesale
* Identify, qualify, manage and maintain distribution relationships
* Generate new business pipeline for specified classes and manage business renewal book
* Drive new business volume and production, along with marketing and sales responsibility
Skills and Experience
* Minimum of 5 years of underwriting/insurance experience in environmental, construction or professional areas
* Bachelor's Degree
* Strong market presence and visibility
* Consistent production track record
* Extensive depth of product and market knowledge
* Ability to establish, manage and maintain distribution and clients
* Strong marketing, sales and negotiation skills
* Ability to work as a part of a team with a collaborative communication approach
* Consistent emphasis with attention to detail
* Excellent oral and written communication skills
* Ability to present referrals, products, and capabilities to various audiences in different settings
Salary Range: $100,000- $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 program
* Employee Assistance Program
* Tax-Free Commuter Benefit
* Tuition Reimbursement & Professional Qualification benefits
Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V