AVP, Property Facultative Underwriter

Job Description

Are you looking for your next opportunity?

SompoRe has unique opportunities for AVP, Property Facultative Underwriters in our North America Property Facultative team in both the Eastern and Midwest Regions.

SompoRe operates in key markets worldwide, bringing to each account our specialized capabilities for a wide range of reinsurance products and a depth of understanding of local cultures. Our disciplined approach to risk management and claims handling, coupled with strong analytical skills, enables us to provide broad multiline capability to successfully underwrite risks across our clients’ insurance portfolios. With global experience and local expertise in key markets worldwide, SompoRe has deep bench strength across all disciplines and above all, remains a stable and constant trading partner throughout all market cycles.

Location: This position will be based out of our New York areas of New York City, Garden City or Purchase;  Conshohocken, PA, or Chicago, IL offices. 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:

As an Assistant Vice President (AVP), Property Facultative Underwriter, you will support an assigned Region in the development, core client management, and underwriting in accordance with the overall strategic business plan (capacity, underwriting appetite, business planning for growth and renewal opportunities) for SompoRe’s U.S. Property Facultative business. You will build and manage relationships through direct opportunities and brokers in your assigned region, leveraging strategic thinking to deliver a strong pipeline of opportunities (individual risk and automatics) that supports profitable growth. You will operate within your authority level and established guidelines while partnering across functions to deliver strong performance. 

You have the opportunity to make a tangible impact on our business, contribute to our growth, and build strong industry relationships. This is the role for you if you are a results-driven underwriter with strong client focus.

What you’ll be doing:

• Build and maintain strong relationships with brokers and direct clients in your assigned region to drive organic premium growth and establish SompoRe as a trusted partner.

• Underwrite within all Property Facultative guidelines and support other underwriters in our collaborative two-headed approach to underwriting.

• Achieve stated financial objectives for growth and profitability within the property facultative portfolio.

• Represent SompoRe’s capabilities through active engagement in on-site visits, industry conferences, and other networking opportunities.

• Perform risk analysis (exposure, aggregation, , and profitability) using internal models and market data.

• Participate in special projects that support corporate needs and objectives.

What you’ll bring:

• 5 to 7 years of Property Facultative experience Broker Market and Direct

• Demonstrated proficiency in individual risk and automatic underwriting. Industry designations such as ARe and/or CPCU are preferred.

• Proven ability to perform detailed risk analysis and effectively engage in complex negotiations.

• Exceptional oral and written communication abilities, coupled with strong organizational skills and the capacity to meet tight deadlines.

• Professional demeanor with a commitment to delivering outstanding client service and building long-term partnerships.

• Ability to interact and collaborate with stakeholders across various levels of the organization.

• Advanced knowledge of relevant software tools, including AI, Microsoft Word, Excel, Outlook, and other applications.

• Willingness to travel as required to support client relationships and business objectives.

Salary Range: $165,000 – $220,000 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 wh