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AVP - Underwriter, Primary Retail Casualty
Job in
Chicago, Cook County, Illinois, 60290, USA
Listed on 2025-12-02
Listing for:
Sompo
Full Time
position Listed on 2025-12-02
Job specializations:
-
Insurance
Underwriter, Risk Manager/Analyst, Insurance Analyst -
Finance & Banking
Underwriter, Risk Manager/Analyst
Job Description & How to Apply Below
** 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…
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