Regional/Multiline Treaty Reinsurance Underwriter [Vp]

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 Description

SompoRe is seeking a Regional/Multiline Treaty Reinsurance Underwriter [VP] for our Regional/Multiline Treaty Reinsurance Team. The position will work closely with the team to execute core underwriting functions, supporting the achievement of the unit's overall financial strategy and goals. This position will be accountable for underwriting new and renewal business focused on property and casualty treaties, building and maintaining productive relationships with regional clients and brokers and consistently achieving budgeted financial results.

This individual will contribute to the overall regional/multiline reinsurance portfolio.

The position reports to SVP, Head of Regional/Multiline Treaty Reinsurance and is based out of our New York City, NY location. Would consider other SompoRe offices as well such as Garden City, NY, Purchase, NY and Morristown, NJ.

Responsibilities include:

Underwriting:

• Develop and manage underwriting of regional/multiline treaty business.

• Develop and maintain long-term strategic business relationships with brokers and cedants within the segment to drive new business opportunities as well as continually prospects for new opportunities.

• Partner with actuarial team to price accounts.

• Service renewal accounts within the segment on a timely basis, attaining service timeliness standards for this business and achieving planned renewal retention goals as well as conduct pre-renewal audits and presentations throughout the year.

• Continuously develop marketing contacts and strengthen client relationships along with broker networks. Attend annual industry conferences (i.e.. NAMIC) and proactively plan active travel calendar.

• Partner with the Claims department to maximize internal communication and customer service with respect to account management.

• Utilize internal resources to provide highest level of value added to customer and top tier prospects.

• Other duties as required by management.

Desired Skills & Experience

• Min 8 years of demonstrated success in a comparable P&C treaty underwriting role, preferably within reinsurance treaty broker market.

• Industry Knowledge: Understands the local insurance marketplace, industry business operations, critical issues and financial drivers that affect the business unit; ability to apply that understanding to the marketing plan, pricing strategy and underwriting strategy.

• Product Knowledge: Knowledge of property and casualty products/coverages and pricing and the linkages to strategy and can easily explain them to others.

• Exceptional relationship skills, strong communication, analytical, organizational and leadership skills with interest in regional clients a strong plus.

• Ability to work independently and work as part of a high performing team; team player.

• Ability to prioritize and eager to learn.

• Demonstrates sound judgment and excellent problem-solving skills.

• Ability to establish close working relationship with other departments including claims & actuarial.

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 International, 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.

Sompo International is an equal-opportunity employer committed to a diverse workforce. M/F/D/V