What are the responsibilities and job description for the AVP, Property Facultative Underwriter position at Sompo?
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SompoRe has unique opportunities for AVP, Property Facultative Underwriters in our North America Property Facultative team in both the Eastern and Midwest Regions.
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 New York areas of New York City, Garden City or Purchase; 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 Assistant Vice President (AVP), Property Facultative Underwriter, you will support an assigned Region in the development, core client management, and underwriting in accordance with the overall strategic business plan (capacity, underwriting appetite, business planning for growth and renewal opportunities) for SompoRe’s U.S. Property Facultative business. You will build and manage relationships through direct opportunities and brokers in your assigned region, leveraging strategic thinking to deliver a strong pipeline of opportunities (individual risk and automatics) that supports profitable growth. You will operate within your authority level and established guidelines while partnering across functions to deliver strong performance.
You have the opportunity to make a tangible impact on our business, contribute to our growth, and build strong industry relationships. This is the role for you if you are a results-driven underwriter with strong client focus.
What You’ll Be Doing
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.
Summary
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:
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.
SompoRe has unique opportunities for AVP, Property Facultative Underwriters in our North America Property Facultative team in both the Eastern and Midwest Regions.
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 New York areas of New York City, Garden City or Purchase; 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 Assistant Vice President (AVP), Property Facultative Underwriter, you will support an assigned Region in the development, core client management, and underwriting in accordance with the overall strategic business plan (capacity, underwriting appetite, business planning for growth and renewal opportunities) for SompoRe’s U.S. Property Facultative business. You will build and manage relationships through direct opportunities and brokers in your assigned region, leveraging strategic thinking to deliver a strong pipeline of opportunities (individual risk and automatics) that supports profitable growth. You will operate within your authority level and established guidelines while partnering across functions to deliver strong performance.
You have the opportunity to make a tangible impact on our business, contribute to our growth, and build strong industry relationships. This is the role for you if you are a results-driven underwriter with strong client focus.
What You’ll Be Doing
- Build and maintain strong relationships with brokers and direct clients in your assigned region to drive organic premium growth and establish SompoRe as a trusted partner.
- Underwrite within all Property Facultative guidelines and support other underwriters in our collaborative two-headed approach to underwriting.
- Achieve stated financial objectives for growth and profitability within the property facultative portfolio.
- Represent SompoRe’s capabilities through active engagement in on-site visits, industry conferences, and other networking opportunities.
- Perform risk analysis (exposure, aggregation, , and profitability) using internal models and market data.
- Participate in special projects that support corporate needs and objectives.
- 5 to 7 years of Property Facultative experience Broker Market and Direct
- Demonstrated proficiency in individual risk and automatic underwriting. Industry designations such as ARe and/or CPCU are preferred.
- Proven ability to perform detailed risk analysis and effectively engage in complex negotiations.
- Exceptional oral and written communication abilities, coupled with strong organizational skills and the capacity to meet tight deadlines.
- Professional demeanor with a commitment to delivering outstanding client service and building long-term partnerships.
- Ability to interact and collaborate with stakeholders across various levels of the organization.
- Advanced knowledge of relevant software tools, including AI, Microsoft Word, Excel, Outlook, and other applications.
- Willingness to travel as required to support client relationships and business objectives.
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.
Summary
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
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.
Salary : $165,000 - $220,000