National African-American Insurance Association (NAAIA)
AVP - Underwriter Team Lead, Middle Market
National African-American Insurance Association (NAAIA), Chicago, Illinois, United States, 60290
Are you looking for your next opportunity?
Sompo has a unique opportunity for an
AVP - Underwriter Team Lead
on our
Middle Market
team. Our Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and manufacturing. We work through a network of retail brokers who share our commitment to long‑term partnerships built on a strong service proposition.
Location: This position will be based out of our
Chicago, IL
office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long‑lasting careers.
What you’ll be doing:
Managing a team of local underwriters situated in the Chicago market; coaching and developing a team across a variety of experience levels in both technical and market‑facing skills
Coordinating production underwriting activity regarding traveling/marketing and target production plans
Prioritize and evaluate new and renewal submissions with the team 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/Drive Data Analytics within team to sharpen underwriting strategy & uncover opportunities both internally & externally to improve process
Authorize quotes/binders/invoices as appropriate within own authority level
Reinforce region‑specific product strategies that best align internal and external stakeholders to win.
Support our focus of building strong customer relationships balanced with a strong risk mitigating and compliance‑driven culture
Focused proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite
Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems, and procedures
Expand existing portfolio of business by developing existing relationships and new prospective clients
Utilize broker and distribution resources to identify target opportunities and mobilize team to pipeline and Support growth by strategically pursuing promising opportunities
Attend client/broker meetings, lunches, dinners, and other social outings as applicable
Keep current on state/territory issues, regulations, and trends
Basic understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, SIRs, deductibles, etc.
What you’ll bring:
Bachelor's degree or equivalent experience
Preferred minimum of 8 years of underwriting experience with authority
Deep underwriting experience across all lines of business including Property, Auto, General Liability, Umbrella, and Workers’ Compensation
Experience with accounts of all sizes involving large brokerage houses, agents, and specialty retailers
Proven track record in underwriting, quoting, and binding profitable business
Exceptional oral and written communication skills, with clarity and purpose
Excellent organizational skills, integrity, and follow‑through
Comfortable challenging norms and collaborating at all organizational levels
Strong sense of accountability
Proven ability to build and maintain strong business relationships with insureds, agents, and brokers
Strong customer service orientation with a reputation for responsiveness and relationship preservation
Willingness to travel to market assigned territory to include overnight trips (25%)
Advanced proficiency in Microsoft suite products
Salary Range: $120k-$195K
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.
Benefits:
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 include 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 employees, 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.
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.
#J-18808-Ljbffr
Sompo has a unique opportunity for an
AVP - Underwriter Team Lead
on our
Middle Market
team. Our Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and manufacturing. We work through a network of retail brokers who share our commitment to long‑term partnerships built on a strong service proposition.
Location: This position will be based out of our
Chicago, IL
office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long‑lasting careers.
What you’ll be doing:
Managing a team of local underwriters situated in the Chicago market; coaching and developing a team across a variety of experience levels in both technical and market‑facing skills
Coordinating production underwriting activity regarding traveling/marketing and target production plans
Prioritize and evaluate new and renewal submissions with the team 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/Drive Data Analytics within team to sharpen underwriting strategy & uncover opportunities both internally & externally to improve process
Authorize quotes/binders/invoices as appropriate within own authority level
Reinforce region‑specific product strategies that best align internal and external stakeholders to win.
Support our focus of building strong customer relationships balanced with a strong risk mitigating and compliance‑driven culture
Focused proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite
Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems, and procedures
Expand existing portfolio of business by developing existing relationships and new prospective clients
Utilize broker and distribution resources to identify target opportunities and mobilize team to pipeline and Support growth by strategically pursuing promising opportunities
Attend client/broker meetings, lunches, dinners, and other social outings as applicable
Keep current on state/territory issues, regulations, and trends
Basic understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, SIRs, deductibles, etc.
What you’ll bring:
Bachelor's degree or equivalent experience
Preferred minimum of 8 years of underwriting experience with authority
Deep underwriting experience across all lines of business including Property, Auto, General Liability, Umbrella, and Workers’ Compensation
Experience with accounts of all sizes involving large brokerage houses, agents, and specialty retailers
Proven track record in underwriting, quoting, and binding profitable business
Exceptional oral and written communication skills, with clarity and purpose
Excellent organizational skills, integrity, and follow‑through
Comfortable challenging norms and collaborating at all organizational levels
Strong sense of accountability
Proven ability to build and maintain strong business relationships with insureds, agents, and brokers
Strong customer service orientation with a reputation for responsiveness and relationship preservation
Willingness to travel to market assigned territory to include overnight trips (25%)
Advanced proficiency in Microsoft suite products
Salary Range: $120k-$195K
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.
Benefits:
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 include 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 employees, 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.
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.
#J-18808-Ljbffr