VP - Underwriter Team Lead, Primary Retail Casualty

Sompo; Irvine (CA); On-site; USD 145,000 - 240,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

401(k) with employer contributions

Competitive paid-time-off

Job summary

Sompo is seeking a Vice President - Underwriter Team Leader for their underwriting team in Irvine, CA. The ideal candidate should possess over 10 years of underwriting experience and strong negotiation skills, alongside a bachelor’s degree. Responsibilities include leading a team, managing a diverse portfolio, and ensuring compliance with underwriting standards. The position offers a salary range of $145,000 - $240,000 and a competitive benefits package including health plans and retirement options.

Qualifications

• 10+ years of underwriting/insurance experience is required.
• Strong negotiation skills and established brokering relationships are important.
• Must exhibit strong technical underwriting skills.

Responsibilities

• Lead a team of underwriters and manage a book of business.
• Oversee compliance with corporate auditing standards.
• Identify new business opportunities in assigned regions.
• Analyze and underwrite risks across multiple sectors.

Skills

Underwriting experience

Negotiation skills

Communication skills

Attention to detail

Team player

Education

Bachelor’s Degree

Job description

Overview

Are you looking for your next opportunity? Sompo has a unique opportunity for a Vice President - Underwriter Team Leader, on our Primary Retail Casualty underwriting team in our Irvine, CA, Los Angeles, CA or New York, NY office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.

Sompo North America provides a client-centric service approach by offering comprehensive multi-line capabilities. Taking a holistic approach to risk management, the unit offers general liability, commercial auto, and workers\' compensation lines of business through a diverse range of program structures including guaranteed cost, SIRs, deductibles, captives, and more. The unit focuses on large accounts across a wide range of industry practices in the U.S., Mexico, and Canada including manufacturing, real estate, hospitality, financial institutions, professional services, life sciences, technology, retail, and Asian-interest accounts. Additionally, engaging in cross-functional collaboration with our property, umbrella/excess, and environmental business units is integral to our organizational identity and success.

What you’ll do

• Effectively lead a team of underwriters & manage a book of business that deliver results meeting group long term profitability targets
• Oversee the team\'s compliance with corporate and internal audit standards, ensure adherence to the underwriting authority framework, and verify that proper approvals are obtained for risks, including those requiring referral and actuarial review
• Identify new opportunities through a robust marketing effort in assigned regions
• Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards
• Good understanding of pricing components and rating methodology; prices risk based on financial and competitive analysis
• Ability to analyze and underwrite specific risks such as Real Estate, Hospitality, Financial Institutions, Professional Services Firms, Manufacturing, Life Science, Technology, Retail etc.
• Knowledge in General Liability, Workers\' Compensation and Auto
• Uses all appropriate underwriting tools, disciplines, and knowledge of strategies to ensure underwriting guidelines are followed
• Exhibits strong technical underwriting skills through strategic, thorough account reviews and file documentation on large casualty business
• Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations to drive results within the assigned territory
• Keeps current on state/territory issues, regulations, and trends
• Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.

What you’ll bring

• Minimum of 10+ years of underwriting/insurance experience
• Bachelor’s Degree preferred
• Well versed and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents, and specialty retailers
• Established underwriting, quoting, and binding track record of profitable business
• Well established relationships with brokers and agents on both a regional and national level
• Strong negotiation skills
• Team player and collaborative by nature
• Strong attention to detail
• Excellent oral and written communication skills

Salary
Salary Range: $145,000 - $240,000 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.

Benefits

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

Equal opportunity

Sompo is an equal opportunity employer, and we intentionally value inclusion and diversity. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.