AVP, Commercial Property

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 an Assistant Vice President in our Commercial Specialty Property team.

Our Commercial Specialty Property team offers property coverage to commercial accounts with a focus on mid to larger mid-size U.S. domiciled companies across a broad base of occupancy types, including but not limited to: Light & Heavy Manufacturing, Food Processing, Metal Working, Warehousing, Retail Stores, Wholesale Suppliers, Hospitals & Healthcare, Educational Institutions, Transportation. The Commercial Specialty Property team offers both 100% single carrier capacity and quota share capacity. We take a collaborative approach to loss control and work closely with our Risk Control Engineers to mitigate risk and partner with our clients to protect their business value. We seek to build long-term relationships with our retail brokers and insureds by providing tailored solutions to risk, market leading claims handling and a consistent and pragmatic approach to underwriting.

Location:This position will be based out of our Los Angeles, CA; Irvine, CA; San Francisco, CA; Denver, CO; and Seattle, WA 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:

• Reviews applications and financial requirements to determine acceptability of risk in accordance with Sompo International guidelines and standards

• Understands pricing components and rating methodology as well as use of the predictive modeling tools; prices risk based on financial and competitive analysis

• Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed

• Demonstrates technical underwriting skills through strategic, thorough account reviews and file documentation

• Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory

• Adheres to CAT guidelines and underwriting discipline to minimize exposure and appropriately price

• Keeps current on state/territory issues, regulations and trends

• Attend client/broker meetings, lunches, dinners and other social outings as applicable

• Willingness to travel to aggressively market assigned territory

• Assist in mentoring Underwriting Trainees and junior underwriters

• Works with Sompo Loss Control property engineers in the triage process in qualifying risks and supporting them in the obtaining compliance with Loss Prevention recommendations as needed

What you'll bring:

• 8+ years of underwriting/insurance experience;

• Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers;

• Experience successfully underwriting, quoting, and binding profitable business;

• Relationships with large brokers on a national level;

• Strong attention to detail & organizational skills

• Bachelor's Degree preferred

Salary Range: $160,000-$180,000Actual 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.