Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for an Assistant Vice President Underwriter in our Retail Excess Casualty Business Unit.
Our Excess Casualty team brings extensive expertise and maintains strong, long-standing relationships with a select group of appointed retail brokers. We provide a consistent underwriting approach and efficient turnaround times and are supported by an experienced claims team. We operate through a network of retail brokers who value long-term partnerships supported by a strong and reliable service commitment.
Location: This position will be based out of our New York, NY 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:
- Prioritize and evaluate new and renewal submissions to identify profitable opportunities aligned with business and corporate objectives.
- Assess individual risk characteristics to determine capacity, attachment point, terms, and pricing for a book of diverse account sizes and operations.
- Authorize quotes, binders, and invoices within authority limits.
- Ensure underwriting discipline and pricing align with profitability goals and guidelines.
- Build and expand the business portfolio by enhancing relationships and identifying new opportunities.
- Represent the company at broker/client meetings and networking events.
- Collaborate with cross-functional teams, including business development, claims, legal, and actuarial.
What you’ll bring:
- Bachelor’s degree preferred with a minimum of 8 years of underwriting experience and authority.
- Strong expertise in Excess Casualty insurance.
- Proven ability to exercise sound judgment, negotiate effectively, and make business decisions within authority limits; this skill set includes strong financial acumen, organizational skills, and accountability with exceptional verbal and written communication abilities.
- Collaborative team player with a proven ability to build and maintain strong relationships with insureds, agents, and brokers, as well as across Sompo’s organization
- Ability 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.
