VP, Product Line Manager, Commercial Property

Sompo; Morristown (NJ); Hybrid; USD 170.000 - 220.000; Vollzeit

Benefits dieser Stelle

Two medical plans to choose from

401(k) Retirement Savings Plan

Competitive parental leave benefits

Zusammenfassung

A leading insurance company is seeking a VP, Product Line Manager for Commercial Property in Morristown, NJ. You will manage and develop commercial property insurance products and implement underwriting strategies. The ideal candidate has over 10 years of experience in underwriting commercial lines and is skilled in product line management. This role offers a competitive salary range of $170,000 to $220,000 and a comprehensive benefits package.

Qualifikationen

• Minimum of 10-12 years of experience in underwriting commercial lines.
• Skilled in commercial property product line management or underwriting.
• Understanding of state filing processes.

Aufgaben

• Oversee the development and maintenance of commercial property products.
• Lead the creation of insurance products to drive growth.
• Conduct thorough underwriting audits.

Kenntnisse

Commercial property product line management

Underwriting skills

Strong interpersonal skills

Technical capabilities including Microsoft Office

Ausbildung

Undergraduate degree or industry designations

Tools

Microsoft Office Suite

Adobe/Nitro

SharePoint

Jobbeschreibung

VP, Product Line Manager, Commercial Property

Join to apply for the VP, Product Line Manager, Commercial Property role at Sompo

VP, Product Line Manager, Commercial Property

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Join to apply for the VP, Product Line Manager, Commercial Property role at Sompo

Are you looking for your next opportunity?

Sompo has a unique opportunity for a

Are you looking for your next opportunity?

Sompo has a unique opportunity for a VP, Product Line Manager, Commercial Property to support our North America Product Development team.

As a VP, Product Line Manager, you’ll be responsible for managing and developing Commercial Property insurance products for our North America Insurance division. You'll play a pivotal role in implementing strategies for rate levels and contribute to the creation of underwriting guidelines and tools to ensure the delivery of a compliant product.

Location: This position may be based out of our New York, NY, Morristown, NJ, Charlotte, NC, Alpharetta, GA, or Conshohocken, PA office. 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

What you’ll be doing:

• Oversee the development and maintenance of commercial property products, focusing on the analysis and integration of essential forms, loss costs, rules, and other related regulatory items
• Lead the creation of insurance products to drive our growth and expansion initiatives
• Implement impactful underwriting guidelines and resources that will enhance company compliance, uphold underwriting excellence, and boost profitability
• Partner with internal teams from underwriting, legal, claims, state filing, and actuarial to create coverage language and rating strategies
• Conduct thorough underwriting audits, ensuring all company and regulatory standards are met
• Lead the implementation of audit recommendations, contributing to a culture of continuous improvement and success
  
  

What You’ll Bring

• Minimum of 10-12 years of experience in underwriting commercial lines, including Property, Marine, Builders' Risk, or other specialty lines
• Skilled in commercial property product line management or underwriting, including ISO products, manuscripts, underwriting audits, and admitted business
• Understanding of state filing process and experience in handling large accounts
• Strong interpersonal and communication skills, with a proven ability to work collaboratively across diverse teams
• Technical capabilities including Microsoft Office Suite, Adobe/Nitro, and SharePoint
• Undergraduate degree or industry designations preferred but not required
  
  

Salary Range: $170,000 – $220,000 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.

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
  
  

In 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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Product Management and Marketing

• Industries

  Insurance

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