VP, Construction Underwriter (Builder's Risk)

Sompo; Alpharetta (GA); On-site; USD 190,000 - 240,000; Full time

Benefits offered by this job

Two medical plans to choose from

401(k) Retirement Savings Plan

Tuition reimbursement

Competitive parental leave benefits

Job summary

A leading insurance company is seeking a Vice President for its Engineered Risk team. This role will focus on the development of the Engineered Risk business, including underwriting complex construction projects and managing client relationships. The ideal candidate will have over 12 years of experience in underwriting, strong analytical skills, and a Bachelor's Degree in an engineering discipline. The position allows for national travel and offers a comprehensive benefits package, including health, dental, and retirement savings plans.

Qualifications

• 12+ years of experience in Engineered Risk or Construction Property underwriting.
• Established relationships with regional retail and wholesale brokers.
• Experience successfully underwriting, quoting, and binding profitable business.

Responsibilities

• Develop the Engineered Risk business within assigned territory.
• Underwrite complex construction projects for capacity allocation and pricing.
• Manage and develop producer and client relationships.

Skills

Engineered Risk/Construction Property underwriting experience

Established relationships with brokers

Underwriting profitable business

Strong analytical skills

Excellent oral and written communication

Strong attention to detail

Strong computer skills

Education

Bachelor’s Degree in Engineering

Tools

Microsoft Office applications

Job description

Vice President – Engineered Risk

Sompo offers a unique opportunity for a Vice President in our Engineered Risk team. The U.S. Insurance Engineered Risk practice provides first‑party property coverage for owner and contractor controlled projects, including Contractor All Risk, Erection All Risk and civil infrastructure occupancies. The role may be based in selected U.S. locations: Alpharetta, GA; Dallas, TX; Chicago, IL; Houston, TX; New York, NY; Los Angeles, CA; or San Francisco, CA.

Responsibilities

• Responsible for the development of the Engineered Risk business within assigned territory.
• Underwrite complex construction projects to determine capacity allocation, attachment point, terms and pricing, creating a diverse and profitable book of business.
• Manages and develops producer and client relationships.
• Develops and executes a regional marketing plan aimed at retaining existing business and producing new business.
• Creates and fosters a reputation as an industry expert with peers and producers.
• Provides technical expertise to Sompo International’s Global Risk Solution and Inland Marine product lines.
• Gathers and evaluates industry trends and competitive intelligence.
• Participates in the development of policy forms, premium rating plans and underwriting guidelines.
• Maintains files in an orderly manner consistent with company guidelines.
• Can work with others within a team and contribute to the development of others.
• Can attend industry functions.
• Can travel nationally 25% of the time.

Qualifications

• 12+ years of Engineered Risk/Construction Property underwriting experience.
• Established relationships with regional retail & wholesale brokers.
• Established relationships with national facultative reinsurers.
• Experience successfully underwriting, quoting and binding profitable business.
• Bachelor’s Degree, Engineering discipline preferred.
• Strong attention to detail.
• Excellent oral and written communication skills.
• Strong analytical and organizational skills.
• Strong computer skills, Microsoft Office applications.

Salary

$190,000.00 – $240,000.00 (Actual compensation depends on location, qualifications, skills, competencies and experience).

Benefits

• Two medical plans to choose from, including a Traditional PPO and a Consumer‑Driven Health Plan with a Health Savings account and competitive employer contribution.
• Pharmacy benefits with mail‑order options.
• Dental benefits including orthodontia for adults and children.
• Vision benefits.
• Health Care & Dependent Care Flexible Spending Accounts.
• Company‑paid Life & AD&D benefits, with option to purchase supplemental life coverage.
• Company‑paid Disability benefits with 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.

Equal Opportunity Employer

Sompo is an equal opportunity employer and values inclusion and diversity. We do not discriminate based on race, color, religion, sex, sexual orientation, national origin, or age. All qualified applicants will receive consideration for employment.