Job Description
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Sompo has a unique opportunity for an Assistant Vice President – Underwriter in our Primary Retail Casualty Business Unit.
The Primary Retail Casualty team delivers a client-focused approach to risk management by providing comprehensive multi-line solutions. These include general liability, commercial auto, and workers' compensation coverages, offered through various program structures such as guaranteed cost, self-insured retentions (SIRs), deductibles, and captives. The team specializes in serving large accounts across diverse industries in the U.S., Mexico, and Canada, such as manufacturing, real estate, hospitality, financial institutions, professional services, life sciences, technology, retail, and Asian-interest sectors. Collaboration with other business units, including property, umbrella/excess, and environmental, is a key component of the team's strategy and contributes to the organization's overall success.
Location: This position will be based out of our (New York, NY, Denver, CO, Los Angeles, CA or Irvine, CA office. 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:
- Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards
- Good understanding of pricing components and rating methodology; prices risk based on financial and competitive analysis
- Ability to analyze and underwrite specific risks such as Real Estate, Hospitality, Financial Institutions, Professional Services Firms, Manufacturing, Life Science, Technology, Retail etc.
- Knowledge in underwriting General Liability, Workers Compensation, Auto and Umbrella
- Exhibits strong technical underwriting skills through strategic, thorough account reviews and file documentation on large casualty business
- Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.
What you’ll bring:
- Minimum of 8 years of underwriting/insurance experience
- Bachelor’s Degree preferred
- Well verse and experienced in working, producing, and underwriting all sizes of accounts with large brokerage houses, agents, and specialty retailers
- Established underwriting, quoting, and binding track record of profitable business
- Well established relationships with brokers and agents on both a regional and national level
- Excellent oral and written communication skills as well as strong negotiation skills.
- Willingness to travel to market assigned territory to include overnight trips (25%).
Salary Range: $125,000 – $200,000. 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.
