Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for a Vice President, Underwriter on our North America Environmental team.
The experienced insurance professional will underwrite construction risks for environmental and professional exposures on practice and project basis, for contractors and owners and follow form excess opportunities for both contractors and owner exposures.
Location: This position will be considered in Conshohocken, PA; New York, NY; Chicago, IL and Denver, CO offices.
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:
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
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
Maintain underwriting discipline to minimize exposure
Establish and maintain distribution relationships (Retail and Wholesale) to include regional and national distribution partners with generalist and specialty focus on construction, professional and environmental products
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
What you'll bring:
Preferably 10 years of underwriting/insurance experience in environmental, construction or professional areas
Bachelor’s Degree, strongly preferred
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: $190,000.00 - $250,000.00Actual 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.
