VP Property Facultative Underwriter

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a VP Property Facultative Underwriter in our SompoRe North America Property Facultative team.

SompoRe operates in key markets worldwide, bringing to each account our specialized capabilities for a wide range of reinsurance products and a depth of understanding of local cultures. Our disciplined approach to risk management and claims handling, coupled with strong analytical skills, enables us to provide broad multiline capability to successfully underwrite risks across our clients' insurance portfolios. With global experience and local expertise in key markets worldwide, SompoRe has deep bench strength across all disciplines and above all, remains a stable and constant trading partner throughout all market cycles.

This position will be based out of our Purchase, NY 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:

• Develop relationships, organic premium growth, and underwrite complex accounts to drive profitable premium.
• Meet stated financial objectives for growth and profitability for the elements of the portfolio.
• Ensure proficiency in truncated tenure filing and retrocessional planning.
• Create and maintain relationships to showcase SompoRe's capabilities beyond underwriting, including market trends, audits, and claims; represent SompoRe through on-site visits, industry conferences, and other engagements.
• Support updates to Property Facultative guidelines year on year to mirror Retrocessional renewal terms.
• Participate in special projects and provide guidance and coaching to others (directly and/or through matrix leadership).
• Perform and/or oversee risk analysis (exposure, aggregation, scenario testing, and profitability) using internal models and market data.
• Support internal and external audits; identify control gaps and drive remediation actions where needed.
• Partner with Claims, Actuarial, Cat/Exposure Management, Finance, and Operations to support underwriting outcomes and portfolio health.

What you'll bring:

• At least 10 years, preferably 12 years of industry experience with Property Facultative experience Broker Market and Direct
• Demonstrated proficiency in individual risk and automatic underwriting. Industry designations such as ARe and/or CPCU are preferred.
• Proven ability to perform detailed risk analysis and effectively engage in complex negotiations.
• Exceptional oral and written communication abilities, coupled with strong organizational skills and the capacity to meet tight deadlines.
• Professional demeanor with a commitment to delivering outstanding client service and building long-term partnerships.
• Ability to interact and collaborate with stakeholders across various levels of the organization.
• Advanced knowledge of relevant software tools, including AI, Microsoft Word, Excel, Outlook, and other applications.
• Willingness to travel as required to support client relationships and business objectives.

Salary Range: $200,000 - $270,000. 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

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values-Accountability, Agility, Collaboration, Development, and Integrity-we build trust and support one another to achieve our goals worldwide. Life at Sompo page

Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.