VP, Product Line Manager, Commercial Property

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

Are you looking for your next opportunity?

Sompo has a unique opportunity for a VP, Product Line Manager, Commercial Property to support our North America Product Development team.

As a VP, Product Line Manager, you'll be responsible for managing and developing Commercial Property insurance products for our North America Insurance division. You'll play a pivotal role in implementing strategies for rate levels and contribute to the creation of underwriting guidelines and tools to ensure the delivery of a compliant product.

Location: This position may be based out of our New York, NY, Morristown, NJ, Charlotte, NC, Alpharetta, GA, or Conshohocken, PA 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:

• Oversee the development and maintenance of commercial property products, focusing on the analysis and integration of essential forms, loss costs, rules, and other related regulatory items

• Lead the creation of insurance products to drive our growth and expansion initiatives

• Implement impactful underwriting guidelines and resources that will enhance company compliance, uphold underwriting excellence, and boost profitability

• Partner with internal teams from underwriting, legal, claims, state filing, and actuarial to create coverage language and rating strategies

• Conduct thorough underwriting audits, ensuring all company and regulatory standards are met

• Lead the implementation of audit recommendations, contributing to a culture of continuous improvement and success

What you'll bring:

• Minimum of 10-12 years of experience in underwriting commercial lines, including Property, Marine, Builders' Risk, or other specialty lines

• Skilled in commercial property product line management or underwriting, including ISO products, manuscripts, underwriting audits, and admitted business

• Understanding of state filing process and experience in handling large accounts

• Strong interpersonal and communication skills, with a proven ability to work collaboratively across diverse teams

• Technical capabilities including Microsoft Office Suite, Adobe/Nitro, and SharePoint

• Undergraduate degree or industry designations preferred but not required

Salary Range: $170,000 - $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 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:

• 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.