VP, Construction Underwriter (Builder's Risk)

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Vice President, First-Party Construction Underwriter (Builder's Risk) as part of Sompo's Engineered Risk Business Unit.

The U.S. Insurance Engineered Risk practice provides first-party property coverage for both owner and contractor controlled project specific covers for Contractor All Risk, Erection All Risk and Civil infrastructure occupancies. Working with a select group of wholesale and retail brokers, our experienced specialists tailor solutions to meet the unique needs of each client. Providing individual risk policies as well as products for niche classes, we deliver risk solutions effectively and responsively. 

Location: This position can be based out of our Alpharetta, GA; Dallas, TX; Chicago, IL; Houston, TX; New York, NY; Los Angeles, CA; or San Francisco, CA areas. 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:

• Responsible for the development of the Engineered Risk business within their assigned territory. 

• Underwrite complex construction projects to properly determine capacity allocation, attachment point, terms and pricing to create a diverse and profitable book of business.  

• Manage and develop producer and client relationships.

• Develop and execute a regional marketing plan aimed at retaining existing business and producing new business.

• Create and foster a reputation as an industry expert with peers and producers.

• Provide technical expertise to Sompo Internationals Global Risk Solution and Inland Marine product lines.

• Gather and evaluate industry trends and competitive intelligence.

• Participates in the development of the policy forms, premium rating plans and underwriting guidelines.

• Maintain files in an orderly manner consistent with company guidelines.

• Ability to work with others within a team and contribute to the development of others.

• Ability to attend industry function(s).

• Ability to travel nationally 25% of the time

What you’ll bring:

• 12+ years of  Engineered Risk/Construction Property underwriting experience

• Established relationships with regional retail & wholesale brokers

• Established relationships with national facultative reinsurers

• Experience in successfully underwriting, quoting, and binding profitable business

• Bachelor’s Degree with an Engineering discipline preferred

• Strong Attention to detail

• Excellent oral and written communication skills

• Strong analytical and organizational skills

• Strong computer skills, Microsoft office applications

Salary Range: $190,000.00 – $240,000.00 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. Click here 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.