AVP Team Leader, Middle Market

Company: Sompo Intl.
Location: Los Angeles
Posted on: September 21, 2023

Job Description:

AVP Team Leader, Middle Market page is loaded AVP Team Leader, Middle Market Apply locations Los Angeles, California Seattle, Washington San Francisco, California time type Full time posted on Posted 11 Days Ago job requisition id R1385 As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: 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 DescriptionWe are seeking an Assistant Vice President, Team Leader for our North American Middle Market team located in our Los Angeles CA, San Francisco CA or Seattle WA office. -Sompo provides a client-centric service approach by offering comprehensivemulti-line capabilities to accounts in select industries including real estate, hospitality, financial institutions, life sciences, technology, and professional services. Taking a holistic approach to risk management, the unit offers commercial property, primary casualty (general liability, commercial auto, workers' compensation), lead umbrella, and environmental coverages, as well as parametric natural catastrophe products to small, middle-market and large accounts across target industries in the U.S., Mexico, and Canada. Sompo also offers the same level of sophisticated services and coverages to Asian-interest accounts in the U.S. and Mexico.Essential Duties and Responsibilities: -

• Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
• Price and analyze coverage, structure, and exposures on individual risks.
• Utilize Data Analytics to enhance underwriting efficiencies and workflow.
• Authorize quotes/binders/invoices as appropriate within own authority level.
• Supports our focus of building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture. Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite.
• Leading and supporting a team of underwriters.
• Deep underwriting experience across all lines of business, including: Property, Auto, General Liability, Umbrella, and Workers' Compensation.
• Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems, and procedures. Responsible for the Profit & Loss statements (P&L) for LS.
• Expand existing portfolio of business by developing existing relationships and new prospective clients.
• Attend client/broker meetings, lunches, dinners, and other social outings as applicable.
• Keeps current on state/territory issues, regulations, and trends; and
• Basic understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.Desired Skills & Experience
  • Bachelor's degree or equivalent experience
  • Minimum of 7 years of underwriting experience
  • Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents, and specialty retailers
  • Experience in leading and support a team
  • Established underwriting, quoting, and binding track record of profitable business
  • Exceptional oral and written communication skills. Your communication style is flexible to the situation. You communicate clearly and with a purpose
  • Calm under pressure. Excellent organizational skills, integrity, and great follow-through on tasks. Comfortable challenging norms while working collaboratively with colleagues at all levels of the organization
  • Strong sense of accountability, fun and adventure
  • Proven track record of building and maintaining strong business relationships with insureds, agents & brokers.
  • A strong customer service bias. Want to get to yes. Known for your super responsiveness. Ability to say no and preserve the relationships.
  • Exhibits leadership skills
  • Team player and collaborative by nature
  • Ability to travel up to 50% of the time, including overnight travel
  • Advanced proficiency with the Microsoft suite of productsSalary Range: $100,000- $180,000 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 International, we recognize that the talent, skills, and commitment of our employees drive our success. Therefore, 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.Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/VVisit our website at www.sompo - intl.com Similar Jobs (2) AVP, Commercial Property Middle Market locations San Francisco, California time type Full time posted on Posted 10 Days Ago AVP, Commercial Property Middle Market locations 4 Locations time type Full time posted on Posted 11 Days Ago About Us Sompo International is a global specialty provider of property and casualty insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., UK, Continental Europe and Asia. Our commitment to integrity, teamwork, agility, execution and excellence define our culture. As we continue to grow, we strive to find talented, creative and driven professionals to join our diverse workforce. We offer a broad range of career opportunities at all levels, in multiple business areas, in each of our locations throughout the world.Our approach to our business partners and colleagues is embodied within our strong core values. We are committed to maintaining excellent financial strength, industry-leading risk management practices and fully-accountable and engaged employees. We place a high value on community involvement, giving back to our local communities and support like-minded organizations and associations.Learn more About Sompo International
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Keywords: Sompo Intl., Los Angeles , AVP Team Leader, Middle Market, Hospitality & Tourism , Los Angeles, California