About this role
About the Role Sompo is seeking an Assistant Vice President Underwriter for our Retail Excess Casualty unit. Based in New York, you will drive profitable growth in excess casualty underwriting by evaluating submissions, setting terms and pricing, and building broker relationships.
What You'll Do
- Prioritize and evaluate new and renewal submissions to identify profitable opportunities aligned with business objectives.
- Assess risk characteristics to determine capacity, attachment points, terms, and pricing for a diverse book.
- Authorize quotes, binders, and invoices within your authority.
- Ensure underwriting discipline and pricing align with profitability goals and guidelines.
- Build and expand the business by strengthening relationships and identifying new opportunities.
- Represent the company at broker/client meetings and networking events.
- Collaborate with cross-functional teams including business development, claims, legal, and actuarial.
What We're Looking For
- Bachelor's degree preferred with a minimum of 8 years of underwriting experience and authority.
- Strong expertise in Excess Casualty insurance.
- Ability to exercise sound judgment, negotiate effectively, and make business decisions within authority; includes strong financial acumen, organizational skills, and accountability with excellent verbal and written communication.
- Collaborative team player with ability to build and maintain strong relationships with insureds, agents, brokers, and across Sompo's organization.
- Ability to travel to market assigned territory including overnight trips (25%).
Compensation & Benefits
- Salary Range: $125,000 - $200,000
- Our compensation program promotes pay-for-performance and includes a comprehensive benefits package with multiple medical plans, dental and vision, life and AD&D, disability, a 401(k) with employer contributions, generous PTO and holidays, parental leave and adoption assistance, EAP, commuter benefits, tuition reimbursement, and professional qualification benefits.
- We continuously evaluate and update our benefits to meet employees' needs and dependents.