Description

Are you looking for your next opportunity?

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:

• Manage and grow a complex Primary Casualty portfolio, underwriting business to achieve profitability and align with risk appetite and overall business strategy
• Exercise underwriting authority to structure, price, and negotiate Primary Casualty programs, including attachment points, limits, terms, and conditions across diverse risks and industries
• Leverage expertise in Commercial Casualty lines, including General Liability, Workers Compensation, and Auto, to develop and underwrite customized solutions for clients
• Utilize advanced pricing models for program structures such as guaranteed cost, large deductibles, SIRs, and captives to create customized casualty solutions
• Lead underwriting decisions across key industries such as Real Estate, Hospitality, Manufacturing, Life Sciences, Technology, Retail, and Professional Services
• Conduct strategic account reviews and provide detailed, comprehensive file documentation for large Primary Casualty programs
• Evaluate and provide recommendations on adverse underwriting decisions, rate actions, coverage requirements, and declinations to ensure portfolio profitability
• Monitor market conditions, competitive trends, and regulatory developments to inform underwriting strategy and portfolio management

What you’ll bring:

• 7+ years of Commercial Primary Casualty underwriting experience
• Expertise in Commercial Casualty lines including General Liability, Workers Compensation and Auto
• Proven ability to underwrite, price, and negotiate complex accounts across a range of sizes, industries, and exposures
• Strong relationship management and communication skills with experience partnering effectively with brokers, insureds, and internal teams
• Bachelor’s degree or equivalent experience

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 benefits

In today’s world, what do we stand for?

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.