VP, Construction Underwriter (Builder's Risk)

Sompo; San Francisco (CA); On-site; USD 190,000 - 240,000; Full time

Benefits offered by this job

Two medical plans

401(k) Retirement Savings Plan

Tuition reimbursement

Job summary

An insurance firm is seeking a Vice President for their Engineered Risk team in the United States. The ideal candidate will have over 12 years of experience in Engineered Risk underwriting, with a strong ability to manage producer and client relationships. Responsibilities include developing the Engineered Risk business, underwriting complex construction projects, and executing regional marketing plans. Compensation ranges from $190,000–$240,000, depending on qualifications and location, along with comprehensive benefits including medical, dental, vision, and a 401(k) plan.

Qualifications

• 12+ years of Engineered Risk/Construction Property underwriting experience.
• Strong attention to detail and analytical skills.
• Excellent oral and written communication skills.

Responsibilities

• Develop the Engineered Risk business in assigned territory.
• Underwrite complex construction projects, determining terms and pricing.
• Manage and develop producer and client relationships.

Skills

Engineered Risk/Construction Property underwriting experience

Established relationships with brokers

Analytical skills

Microsoft Office applications

Attention to detail

Excellent communication skills

Education

Bachelor’s Degree, Engineering discipline preferred

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.