AVP - Underwriter, Middle Market

AVP - Underwriter

Sompo has a unique opportunity for an AVP - Underwriter 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.

Location : This position will be based out of our Alpharetta, GA or Chicago, IL office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.

Our business, your impact, our opportunity : What you'll be doing :

• Coordinate production underwriting activities, including managing travel and marketing efforts, as well as developing and aligning target production plans.
• Prioritize and evaluate new and renewal submissions to identify accounts with the greatest profit potential, ensuring alignment with the business plan and corporate profit objectives.
• Price and analyze coverage, structure, and exposures on individual risks.
• Utilize data analytics to sharpen underwriting strategy & uncover opportunities both internally & externally to improve process.
• Authorize quotes / binders / invoices as appropriate within own authority level
• Align with region-specific product strategies that best align internal and external stakeholders to win.
• Consistent focus of building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture.
• Focused proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite.
• Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems, and procedures.
• Expand existing portfolio of business by developing existing relationships and new prospective clients.
• Utilize broker and distribution resources to identify target opportunities and mobilize team to pipeline and support growth by strategically pursuing promising opportunities.
• Attend client / broker meetings, lunches, dinners, and other social outings as applicable.
• Keep current on state / territory issues, regulations, and trends.
• Basic understanding and ability to use sophisticated pricing models across various structures : guaranteed cost, SIRs, deductibles, etc.

What you'll bring :

Salary Range : $120,000 - $185,000 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 a 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 :

Ethics 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. 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.