Sompo
Vice President, Surety
Sompo, Houston, Texas, United States, 77246
Sompo Surety is looking for an
Vice President, Surety
based out of
Houston, 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: Reviews submissions and financial requirements to determine acceptability of risk in accordance with guidelines and standards. Utilizes rating methodology, as well as the use of 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. Manages assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business, and portfolio management goals. Prioritizes time and resources to effectively manage and optimize producer performance. Marketing & Distribution Management Develops producer relationships to build pipeline, agency intelligence, and drives performance to meet and exceed results. Develops and implements distributor-specific plans, monitors performance, and adjusts plans to ensure a substantial pipeline for future profitable growth. Drives effective relationship management and client activities to build trust, facilitate negotiation and secure commitment with the customer. Knowledge, Skills And Abilities Strong knowledge of surety underwriting, techniques, national/local filing regulations, and guidelines. Knowledge of underwriting processes, coverages, and tools to gather and evaluate information in order to reach appropriate decisions on renewals and new business. Demonstrated ability to build and grow a profitable book of business and pipeline for future business. Ability to uncover customer needs, position specific solutions, handle objections, and close deals. Compensation and Benefits 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. 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. 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. Equal Opportunity Employer Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V
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Vice President, Surety
based out of
Houston, 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: Reviews submissions and financial requirements to determine acceptability of risk in accordance with guidelines and standards. Utilizes rating methodology, as well as the use of 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. Manages assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business, and portfolio management goals. Prioritizes time and resources to effectively manage and optimize producer performance. Marketing & Distribution Management Develops producer relationships to build pipeline, agency intelligence, and drives performance to meet and exceed results. Develops and implements distributor-specific plans, monitors performance, and adjusts plans to ensure a substantial pipeline for future profitable growth. Drives effective relationship management and client activities to build trust, facilitate negotiation and secure commitment with the customer. Knowledge, Skills And Abilities Strong knowledge of surety underwriting, techniques, national/local filing regulations, and guidelines. Knowledge of underwriting processes, coverages, and tools to gather and evaluate information in order to reach appropriate decisions on renewals and new business. Demonstrated ability to build and grow a profitable book of business and pipeline for future business. Ability to uncover customer needs, position specific solutions, handle objections, and close deals. Compensation and Benefits 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. 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. 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. Equal Opportunity Employer Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V
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