Sompo
## 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 Description**Sompo has a unique opportunity for an **Assistant Vice President - Underwriter** on our **Retail Primary Casualty Underwriting team** in our **Chicago, IL** 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.**Our business, your impact, our opportunity:****What you’ll be doing:*** 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* Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risks* 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 7+ 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 Range: $120,000-$195,000.** 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.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 benefitsEthics 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
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.## We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 130 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 9,500 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose **The Ease of ExpertiseTM**.## ## “Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange.## ## To learn more please follow us on or visit . #J-18808-Ljbffr
Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.## **Job Description**Sompo has a unique opportunity for an **Assistant Vice President - Underwriter** on our **Retail Primary Casualty Underwriting team** in our **Chicago, IL** 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.**Our business, your impact, our opportunity:****What you’ll be doing:*** 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* Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risks* 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 7+ 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 Range: $120,000-$195,000.** 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.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 benefitsEthics 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
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.## We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 130 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 9,500 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose **The Ease of ExpertiseTM**.## ## “Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange.## ## To learn more please follow us on or visit . #J-18808-Ljbffr