Sompo
Overview
AVP - Underwriter Team Lead, Middle Market at Sompo. Location: Chicago, IL. Sompo has a unique opportunity for an AVP - Underwriter Team Lead on our Middle Market team. Our Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and manufacturing. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition. Sompo is an equal opportunity employer that values inclusion and diversity. We do not discriminate based on race, color, religion, sex orientation, national origin, or age. What you’ll do
Manage a team of local underwriters in the Chicago market; coach and develop a team across experience levels in both technical and market-facing skills Coordinate production underwriting activity regarding traveling/marketing and target production plans Prioritize and evaluate new and renewal submissions with the team to identify accounts with the greatest opportunity for profit in line with the business plan and corporate profit objectives Price and analyze coverage, structure, and exposures on individual risks Utilize/drive data analytics within the team to sharpen underwriting strategy and uncover opportunities to improve processes Authorize quotes/binders/invoices as appropriate within your authority level Reinforce region-specific product strategies that align internal and external stakeholders to win Support building strong customer relationships balanced with a risk-mitigating and compliance-driven culture Proactive monitoring, governance, risk identification and escalation, and sound risk decisions within the unit’s risk appetite Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems, and procedures Expand existing portfolio by developing current relationships and new prospective clients Leverage broker and distribution resources to identify target opportunities and mobilize the team to pipeline and pursue growth Attend client/broker meetings and related activities as applicable Stay current on state/territory issues, regulations, and trends Basic understanding and ability to use pricing models across structures (guaranteed cost, SIRs, deductibles, etc.) What you’ll bring
Bachelor’s degree or equivalent experience Minimum 8 years of underwriting experience with authority Deep underwriting experience across Property, Auto, General Liability, Umbrella, and Workers’ Compensation Experience with accounts of all sizes involving large brokerage houses, agents, and specialty retailers Proven track record in underwriting, quoting, and binding profitable business Exceptional oral and written communication skills Excellent organizational skills, integrity, and follow-through Comfortable challenging norms and collaborating at all organizational levels Strong sense of accountability Ability to build and maintain strong business relationships with insureds, agents, and brokers Strong customer service orientation with responsiveness and relationship preservation Willingness to travel to market assigned territory (up to 25% travel) Advanced proficiency in Microsoft Office suite Salary and benefits
Salary Range: $120k-$195k. Actual compensation depends on location, qualifications, skills, and experience. Sompo offers competitive compensation and a comprehensive benefits program. Summary
We continuously evaluate and update our benefit programs to remain competitive. Our current U.S. benefits include multiple medical plans, dental, vision, FSA, life and AD&D, disability benefits, 401(k) with employer contributions, PTO and holidays, parental leave and adoption assistance, EAP, commuter benefits, and tuition reimbursement.
#J-18808-Ljbffr
AVP - Underwriter Team Lead, Middle Market at Sompo. Location: Chicago, IL. Sompo has a unique opportunity for an AVP - Underwriter Team Lead on our Middle Market team. Our Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and manufacturing. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition. Sompo is an equal opportunity employer that values inclusion and diversity. We do not discriminate based on race, color, religion, sex orientation, national origin, or age. What you’ll do
Manage a team of local underwriters in the Chicago market; coach and develop a team across experience levels in both technical and market-facing skills Coordinate production underwriting activity regarding traveling/marketing and target production plans Prioritize and evaluate new and renewal submissions with the team to identify accounts with the greatest opportunity for profit in line with the business plan and corporate profit objectives Price and analyze coverage, structure, and exposures on individual risks Utilize/drive data analytics within the team to sharpen underwriting strategy and uncover opportunities to improve processes Authorize quotes/binders/invoices as appropriate within your authority level Reinforce region-specific product strategies that align internal and external stakeholders to win Support building strong customer relationships balanced with a risk-mitigating and compliance-driven culture Proactive monitoring, governance, risk identification and escalation, and sound risk decisions within the unit’s risk appetite Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems, and procedures Expand existing portfolio by developing current relationships and new prospective clients Leverage broker and distribution resources to identify target opportunities and mobilize the team to pipeline and pursue growth Attend client/broker meetings and related activities as applicable Stay current on state/territory issues, regulations, and trends Basic understanding and ability to use pricing models across structures (guaranteed cost, SIRs, deductibles, etc.) What you’ll bring
Bachelor’s degree or equivalent experience Minimum 8 years of underwriting experience with authority Deep underwriting experience across Property, Auto, General Liability, Umbrella, and Workers’ Compensation Experience with accounts of all sizes involving large brokerage houses, agents, and specialty retailers Proven track record in underwriting, quoting, and binding profitable business Exceptional oral and written communication skills Excellent organizational skills, integrity, and follow-through Comfortable challenging norms and collaborating at all organizational levels Strong sense of accountability Ability to build and maintain strong business relationships with insureds, agents, and brokers Strong customer service orientation with responsiveness and relationship preservation Willingness to travel to market assigned territory (up to 25% travel) Advanced proficiency in Microsoft Office suite Salary and benefits
Salary Range: $120k-$195k. Actual compensation depends on location, qualifications, skills, and experience. Sompo offers competitive compensation and a comprehensive benefits program. Summary
We continuously evaluate and update our benefit programs to remain competitive. Our current U.S. benefits include multiple medical plans, dental, vision, FSA, life and AD&D, disability benefits, 401(k) with employer contributions, PTO and holidays, parental leave and adoption assistance, EAP, commuter benefits, and tuition reimbursement.
#J-18808-Ljbffr