Assistant Vice President, Product Line Manager - Commercial Property

Are you looking for your next opportunity?

Sompo has a unique opportunity for an Assistant Vice President, Product Line Manager - Commercial Property to support our North America Product Development team.

Our Product Development team is responsible for managing commercial property and casualty insurance products for Sompo. As an Assistant Vice President, Product Line Manager, you will be responsible for managing commercial property insurance products for Sompo North America Insurance. You will be maintaining and developing insurance products, implementing strategies for rate levels and assisting in the development of underwriting guidelines and tools to deliver a compliant product.

Location: This position will be based out of our New York, NY, Morristown, NJ or Charlotte, NC 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:

• Coordinate product development and maintenance activities for the analysis and adoption of forms, loss costs, rules and other related regulatory items
• Lead development of approved new or updated products as needed for expansion initiatives or for specific business units which includes collaborating with underwriting, legal, claims, state filing, and actuarial functions to create appropriate coverage language and rating approaches
• Conduct underwriting audits on designated lines of business to ensure compliance with company standards and regulatory compliance
• Provide feedback and transparency during the process as well as support for implementation and compliance with audit recommendations
• Collaborate with underwriting, legal and other functions, implement underwriting guidelines, resources and tools that contribute to company compliance, underwriting standards, and profitability
  
  

What You’ll Bring

• 7 years’ experience in underwriting commercial lines of business such as property, marine, builders risk, or other specialty lines
• Experience in product line management, ISO products, and admitted business
• Understanding of state filing process and experience in handling large accounts preferred
• Experience using Windows, Microsoft Office Suite (Word, Excel, Power Point), Adobe/Nitro, SharePoint
• Undergraduate degree or industry designations preferred but not required
• Ability to communicate effectively and collaboratively
  
  

Salary Range: $100,000 – $155,000 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.

Summary

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.