Regional Head of Property Facultative - Midwest/West Region

Job DescriptionAre you looking for your next opportunity?SompoRe has a unique opportunity for the Regional Head of Property Facultative – Midwest/West Region in our U.S. Property Facultative team.SompoRe operates in key markets worldwide, bringing to each account our specialized capabilities for a wide range of reinsurance products and a depth of understanding of local cultures. Our disciplined approach to risk management and claims handling, coupled with strong analytical skills, enables us to provide broad multiline capability to successfully underwrite risks across our clients’ insurance portfolios. With global experience and local expertise in key markets worldwide, SompoRe has deep bench strength across all disciplines and above all, remains a stable and constant trading partner throughout all market cycles.Location: This position will be based out of our greater Chicago area for this region. We strive for collaboration, which is why we offer a work environmentwhere our employees thrive and develop long-lasting careers.Our business, your impact, our opportunity:As the Regional Head of Property Facultative for a Region, you will lead the Region in the development, core client management, and inform the overall strategic business plan (capacity, retrocessional planning, underwriting appetite, business planning for growth and renewal opportunities) for the US Property Facultative business. You will build and manage relationships through direct opportunities and brokers in the Region, leveraging strategic thinking to deliver a strong pipeline of opportunities (individual risk and automatics) that supports profitable growth in SompoRe’s U.S. Property Facultative business. You will manage underwriters within your authority level and established guidelines while partnering across functions to deliver strong performance. This role is ideal for a seasoned professional who thrives in a dynamic environment and is passionate about delivering results through collaboration, strategic thinking, and exceptional client service.What you’ll be doing:Strategic Underwriting & Portfolio Management:o Develop and nurture client relationships to drive organic premium growth and underwrite complex accounts with a focus on profitable outcomes.o Achieve financial objectives for growth and profitability within the Property Facultative portfolio.o Perform and oversee comprehensive risk analyses, including exposure evaluation, aggregation, scenario testing, and profitability assessments using internal models and market data.Leadership & Collaboration:o Assist the SVP and Head of Property Facultative in retrocessional planning and strategy development.o Provide mentorship and guidance to team members through direct and matrix leadership, fostering professional growth and collaboration.o Partner with Claims, Actuarial, Cat/Exposure Management, Finance, and Operations teams to ensure optimal underwriting results and portfolio health.Market Engagement & Representation:o Build and maintain strong relationships to highlight SompoRe’s capabilities in underwriting, market trends, audits, and claims.o Represent SompoRe at industry conferences, client on-site visits, and other professional engagements to strengthen brand presence and market influence.Policy & Process Development:o Support annual updates to Property Facultative guidelines to align with retrocessional renewal terms and market developments.o Identify control gaps through internal and external audits, driving remediation actions to enhance operational efficiency and compliance.Special Projects:o Lead and contribute to special projects, leveraging expertise to deliver impactful results that align with organizational goals.What you’ll bring:Minimum of 10 to 12 years of experience in Property Facultative underwriting, with a strong background in direct and broker-led business.Proven managerial experience, including leading teams and driving performance outcomes.Deep knowledge of individual risk and automatics, retrocessional planning, and relevant laws and terms associated with underwriting coverages.ARe and/or CPCU preferred.Exceptional analytical abilities, with a demonstrated capacity to perform detailed risk assessments and scenario testing.Proficiency in Microsoft Office Suite (Word, Excel, Outlook) and other relevant software tools.Strong negotiation skills and the ability to effectively engage with clients and stakeholders at all organizational levels.Excellent oral and written communication skills, with the ability to present complex information in a clear and professional manner.Demonstrated ability to provide outstanding client service with a professional and solutions-oriented approach.Ability to travel as required.Proven ability to meet tight deadlines while maintaining attention to detail and quality.Track record of contributing to underwriting profitability and driving business success.Salary Range: $200,000 – $330,000 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 contributionPharmacy benefits with mail order optionsDental benefits including orthodontia benefits for adults and childrenVision benefitsHealth Care & Dependent Care Flexible Spending AccountsCompany-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & childrenCompany-paid Disability benefits with very competitive salary continuation payments401(k) Retirement Savings Plan with competitive employer contributionsCompetitive paid-time-off programs, including company-paid holidaysCompetitive Parental Leave Benefits & Adoption Assistance programEmployee Assistance ProgramTax-Free Commuter BenefitTuition Reimbursement & Professional Qualification benefitsIn 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.SummaryLocation: Chicago, IllinoisType: Full time