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AVP, Underwriter, Engineered Risk

Company: Sompo Intl.
Location: Houston
Posted on: November 18, 2023

Job Description:

AVP, Underwriter, Engineered Risk page is loaded AVP, Underwriter, Engineered Risk Apply locations Houston, Texas Chicago (West Madison), IL Alpharetta, GA New York City (Avenue of the Americas), NY time type Full time posted on Posted 10 Days Ago job requisition id R1449 As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.Job DescriptionWe are seeking an Assistant Vice President for our US Insurance Engineered Risk product line preferably located in the Houston, TX area. The U.S. Insurance Engineered Risk practice offers providing first-party property coverage for both owner and contractor controlled project specific and annual covers for Contractor All Risk, Erection All Risk and Civil infrastructure occupancies. Working with a select group of wholesale and retail brokers, our experienced specialists tailor solutions to meet the unique needs of each client. Providing individual risk policies as well as products for niche classes, we deliver risk solutions effectively and responsively. -The successful canidate will work closely with Senior Vice President of the Engineered Risk Product Lines.Main areas of responsibility:

  • Responsible for the development of the Engineered Risk business within their assigned territory. -
  • Underwrite complex construction projects to properly determine capacity allocation, attachment point, terms and pricing to create 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 foster a reputaion as an industry expert with peers and producers.
  • Provide technical expertise to Sompo Internationals Global Risk Solution and Inland Marine product lines.
  • Gather and evaluate industry trends and competitive intelligence.
  • Participates in the development of the policy forms, premium rating plans and underwriting guidelines.
  • Maintain files in an orderly manner consistent with company guidelines.
  • Ability to work with others within a team and contribute to the development of others.
  • Ability to attend industry function.
  • Ability to travel nationally 25% of the timeQualifications, Skills and Experience:
    • 3-6 years of Engineered Risk/Construction Property underwriting experience
    • Established relationships with regional retail & wholesale brokers
    • Established relationships with national facultative reinsurers
    • Experience in successfully underwriting, quoting, and binding profitable business
    • Bachelor's Degree with an Engineering discipline preferred
    • Strong Attention to detail
    • Excellent oral and written communication skills
    • Strong analytical and organizational skills
    • Strong computer skills, Microsoft office applicationsSalary Range: $150,000- $170,,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 International, 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.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
      • Sompo International offers a competitive compensation and benefits package -Sompo International offers a competitive compensation and benefits package commensurate with experience. -Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/VVisit our website at www.sompo-intl.com Similar Jobs (1) Assistant Vice President, US Commercial Property locations 3 Locations time type Full time posted on Posted 30+ Days Ago About Us Sompo International is a global specialty provider of property and casualty insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., UK, Continental Europe and Asia. Our commitment to integrity, teamwork, agility, execution and excellence define our culture. As we continue to grow, we strive to find talented, creative and driven professionals to join our diverse workforce. We offer a broad range of career opportunities at all levels, in multiple business areas, in each of our locations throughout the world.Our approach to our business partners and colleagues is embodied within our strong core values. We are committed to maintaining excellent financial strength, industry-leading risk management practices and fully-accountable and engaged employees. We place a high value on community involvement, giving back to our local communities and support like-minded organizations and associations.Learn more About Sompo International

Keywords: Sompo Intl., Houston , AVP, Underwriter, Engineered Risk, Other , Houston, Texas

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