What are the responsibilities and job description for the Vice President, Surety position at Sompo International Holdings Ltd?
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
Sompo Surety is looking for an Vice President, Surety based out of Texas with at least 10 years of Surety Underwriting experience.
Position Summary
In collaboration with the Surety leadership team, this role is responsible for underwriting risks in a book of contract business, while developing and nurturing agency and broker relationships across our growing Surety operation. Some of the key areas of responsibility for these roles include :
Underwriting Expertise
- Reviews submissions and financial requirements to determine acceptability of risk in accordance with guidelines and standards
- Utilizes rating methodology, as well as use of the predictive modeling tools to price risk based on financial and competitive analysis
- Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed
- Demonstrates technical underwriting skills through strategic, thorough account reviews and file documentation
- Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory
Portfolio Management
Marketing & Distribution Management
Knowledge, Skills and Abilities
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 :
Sompo International is an equal opportunity employer committed to a diverse workforce. M / F / D / V
