Job Description
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Sompo has a unique opportunity for an Assistant Vice President - Underwriter on our Retail Primary Casualty Underwriting team.
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 focus 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.
Location: This position will be based in our Chicago, ILoffice. 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:
Manage and grow a complex Primary Casualty portfolio, underwriting business to achieve profitability and align with risk appetite and overall Sompo guidelines and business strategy
Exercise underwriting authority to structure, price, and negotiate Primary Casualty programs, including limits, terms, and conditions across diverse risks and industries
Leverage expertise in Commercial Casualty lines, including General Liability, Workers Compensation, and Auto, to develop and underwrite customized solutions for clients
Utilize advanced pricing models for program structures such as guaranteed cost, large deductibles, SIRs, and captives to create customized casualty solutions
Lead underwriting decisions in assigned market across key industries such as Real Estate, Hospitality, Manufacturing, Life Sciences, Technology, Retail, and Professional Services
Conduct strategic account reviews and provide detailed, comprehensive file documentation for large Primary Casualty programs
Evaluate and provide recommendations on adverse underwriting decisions, rate actions, coverage requirements, and declinations to ensure portfolio profitability
Monitor market conditions, competitive trends, and regulatory developments to inform underwriting strategy and portfolio management
What you’ll bring:
7+ years of Commercial Casualty underwriting experience including General Liability, Workers Compensation and Auto
Proven ability to underwrite, price, and negotiate complex accounts across a range of sizes, industries, and exposures
Strong relationship management and communication skills with experience partnering effectively with brokers, insureds, and internal teams
Collaborative working environment with strong oral and written communication skills
Bachelor’s degree or equivalent experience
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 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
Who we are and what we stand for:
At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page
Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.
