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Commercial Specialty Property Underwriting Leader

2 months ago


Chicago, Illinois, United States Sompo International Full time
About the Role

We are seeking a highly skilled and experienced Assistant Vice President to join our Commercial Specialty Property team at Sompo International. As a key member of our team, you will be responsible for reviewing applications and financial requirements to determine the acceptability of risk in accordance with Sompo guidelines and standards.

Key Responsibilities
  • Reviews applications and financial requirements to determine acceptability of risk in accordance with Sompo guidelines and standards.
  • Understands pricing components and rating methodology as well as the use of predictive modeling tools; prices risk based on financial and competitive analysis.
  • Uses all appropriate underwriting tools, disciplines, and knowledge of strategies to ensure underwriting guidelines are followed.
  • Demonstrates 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 CAT guidelines and underwriting discipline to minimize exposure and appropriately price.
  • Keeps current on state/territory issues, regulations, and trends.
  • Attends client/broker meetings, events, and other social outings as applicable and willingness to travel to market assigned territory.
  • Assists in mentoring Underwriting Trainees and junior underwriters.
  • Works with Sompo Loss Control property engineers in the triage process in qualifying risks and supporting them in obtaining compliance with Loss Prevention recommendations as needed.
Requirements
  • Minimum of 10 years of underwriting/insurance experience in commercial property.
  • Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers.
  • Experience successfully underwriting, quoting, and binding profitable business.
  • Relationships with large brokers on a national level.
  • Strong attention to detail, organizational, analytical, numeracy, and statistical skills.
  • Self-motivated, good time-management, sound decision-making, judgment, and integrity.
  • Bachelor's Degree preferred.
What We Offer

At Sompo International, we offer a comprehensive benefits package to eligible employees, including:

  • 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.