AVP, Technical Product Line Manager - Commerical Property

$100,000 - $155,000/Yr

Sompo International - Charlotte, NC

Full-time - Mid Level

Charlotte, NC

Insurance Carriers and Related Activities

About the position

Sompo International is seeking an AVP, Technical Product Line Manager - Commercial Property to join our North America Product Development team. This role is pivotal in managing commercial property insurance products for Sompo North America Insurance. The successful candidate will be responsible for maintaining and developing necessary insurance products, implementing strategies for appropriate rate levels, and assisting in the development of underwriting guidelines and tools to ensure compliance. The Technical Product Line Manager will leverage their high level of technical expertise in handling Insurance Services Office (ISO) and independent proprietary products to drive product development and maintenance activities. The position requires collaboration with various departments including Underwriting, Legal, Claims, State Filing, and Actuarial to create appropriate coverage language and rating approaches. The role also involves conducting underwriting audits on designated lines of business to ensure compliance with company standards and regulatory requirements. The Technical Product Line Manager will provide feedback and transparency during the process and support the implementation of audit recommendations. This position is based out of our New York, NY, Morristown, NJ, or Charlotte, NC office, and we strive for a collaborative work environment where employees can thrive and develop long-lasting careers.

Responsibilities

• Coordinate the company's 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 geographical expansion initiatives or for specific business units.
• Collaborate 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 and support for implementation and compliance with audit recommendations.
• Implement underwriting guidelines, resources, and tools that contribute to company compliance, underwriting standards, and profitability.

Requirements

• College degree and/or CPCU preferred.
• 7+ years' experience in underwriting commercial lines of business with emphasis on designated lines of business.
• Experience in Inland or Ocean Marine, Builders Risk, or specialty lines is helpful.
• Ability to communicate effectively and collaboratively (written & verbal) with co-workers and other colleagues.
• Experience in product line management, ISO products, and admitted business preferred.
• Understanding of state filing process and experience in handling large accounts preferred.
• Demonstrated analytical ability and good business judgment.
• Experience using Windows, Microsoft Office Suite (Word, Excel, Power Point), Adobe/Nitro, SharePoint.
• Demonstrated ability to manage multiple priorities with a sense of urgency.

Nice-to-haves

• Experience in handling large accounts preferred.
• CPCU certification is a plus.

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 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.