AVP, Underwriter, Inland Marine

AVP, Underwriter

Sompo has a unique opportunity for an AVP, Underwriter in our Inland Marine Insurance team.

Location: This position is based out of our Boston, MA, Conshohocken, PA or Chicago, IL 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:

As an AVP, Underwriter, you will collaborate with assigned brokers in the Midwest or New England markets. You will manage submission workflow, allowing the team to run optimally to meet plan goals for premium and profitability, and specifically manage and grow in your assigned region. You will conduct a range of business analyses on risks and exposures, pricing structures, rates, terms and conditions; and making recommendations to the senior team, in accordance with corporate guidelines and within given authority levels.

What you'll be doing:

• Meet stated financial objectives for growth and profitability in support of the portfolio.
• Create and maintain relationships to showcase Sompo's products and capabilities beyond underwriting, including market trends, audits, and claims; represent Sompo through on-site visits, industry conferences, and other engagements.
• Review and resolve premium audit issues.
• Utilize underwriting standards, practices, and tools to determine accurate classifications, rates, and premium charges.
• Review applicable laws and regulations, including cancellation and non-renewal protocols, in assigned locations.
• Perform and/or oversee risk analysis (exposure, aggregation, scenario testing, and profitability) using internal models and market data.
• Support internal and external audits; identify control gaps and drive remediation actions where needed.
• Partner with Claims, Actuarial, Cat/Exposure Management, Finance, and Operations to support underwriting outcomes and portfolio health.

What you'll bring:

• At least 7 years of Programs/Inland Marine underwriting experience.
• Familiarity with required forms and coverages.
• Knowledge of relevant laws associated with underwriting coverages.
• Experience working with admitted and non-admitted, wholesale and retail, brokers and agents
• Ability to travel as needed.
• Demonstrated understanding and ability of effectively engaging in the negotiation process.
• Adept at risk selection, exposure evaluation and ability to rate, quote, and sell admitted and non-admitted solutions.
• Excellent organizational skills.
• Very strong analytical, oral and written communication skills required.
• Ability to meet tight deadlines is essential.
• Strong customer service with a professional attitude and approach needed.
• Ability to interact and communicate with various levels of the organization to cross-sell or address processing requirements.
• Demonstrate significant contribution to underwriting profit.
• Proficient in associated computer programs, including Word, Excel, Outlook, etc.

Salary Range: $140,000 $185,000 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

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.