VP, Construction Underwriter (Builder's Risk)

Sompo; Los Angeles (CA); On-site; USD 190,000 - 240,000; Full time

Benefits offered by this job

Medical plans

Dental benefits

Vision benefits

401(k) Retirement Savings Plan

Tuition reimbursement

Job summary

A leading insurance firm is seeking a Vice President for its Engineered Risk team based in the United States, including locations like Los Angeles, CA. The role involves developing the Engineered Risk business, underwriting complex construction projects, and managing client relationships. Ideal candidates should have over 12 years of underwriting experience, strong analytical skills, and a Bachelor's Degree in Engineering. The position offers a competitive salary range of $190,000 to $240,000, along with comprehensive benefits including health plans, retirement savings, and paid time off.

Qualifications

• 12+ years of experience in Engineered Risk/Construction Property underwriting.
• Established relationships with national facultative reinsurers.
• Experience underwriting, quoting, and binding profitable business.

Responsibilities

• Develop Engineered Risk business within assigned territory.
• Underwrite complex construction projects to determine capacity allocation.
• Manage and develop producer and client relationships.
• Execute a regional marketing plan for retaining and producing new business.

Skills

Engineered Risk/Construction Property underwriting experience

Established relationships with retail & wholesale brokers

Strong attention to detail

Excellent communication skills

Strong analytical and organizational skills

Strong computer skills

Education

Bachelor’s Degree in Engineering discipline

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.