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
Are you looking for your next opportunity?
Sompo has a unique opportunity for a Vice President in our Engineered Risk team.
The U.S. Insurance Engineered Risk practice provides first-party property coverage for both owner and contractor controlled project specific covers for Contractor All Risk, Erection All Risk and Civil infrastructure occupancies. Working with a select group of wholesale and retail brokers, our experienced specialists tailor solutions to meet the unique needs of each client. Providing individual risk policies as well as products for niche classes, we deliver risk solutions effectively and responsively.
Location:This position can be based out of our Alpharetta, GA; Dallas, TX; Chicago, IL; Houston, TX; New York, NY; Los Angeles, CA; or San Francisco, CA areas. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.
Our business, your impact, our opportunity:
What you’ll be doing:
Responsible for the development of the Engineered Risk business within their assigned territory.
Underwrite complex construction projects to properly determine capacity allocation, attachment point, terms and pricing to create a diverse and profitable book of business.
Manages and develops producer and client relationships.
Develops and executes a regional marketing plan aimed at retaining existing business and producing new business.
Creates and foster a reputation as an industry expert with peers and producers.
Provide technical expertise to Sompo Internationals Global Risk Solution and Inland Marine product lines.
Gather and evaluate industry trends and competitive intelligence.
Participates in the development of the policy forms, premium rating plans and underwriting guidelines.
Maintain files in an orderly manner consistent with company guidelines.
Ability to work with others within a team and contribute to the development of others.
Ability to attend industry function(s).
Ability to travel nationally 25% of the time
What you’ll bring:
12+ years of Engineered Risk/Construction Property underwriting experience
Established relationships with regional retail & wholesale brokers
Established relationships with national facultative reinsurers
Experience in successfully underwriting, quoting, and binding profitable business
Bachelor’s Degree with an Engineering discipline preferred
Strong Attention to detail
Excellent oral and written communication skills
Strong analytical and organizational skills
Strong computer skills, Microsoft office applications
Salary Range: $190,000.00 – $240,000.00Actual 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 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
In today’s world, what do we stand for?
Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.
