Svp, Head Of Property, Canada

Sompo Canada Services Corp. is a wholly-owned subsidiary of Sompo International Holdings Ltd., a wholly-owned subsidiary of Sompo Japan Insurance Inc., and is a member of the Sompo Holdings, Inc. (Sompo) group of companies.

Sompo is a financial services holding company organized under the laws of Japan whose shares are listed on the Tokyo Stock Exchange. Sompo, through various operating subsidiaries, is one of the largest property and casualty insurance groups in the Japanese domestic market. In addition, Sompo is engaged in the provision of insurance services as well as other related services through its global network of businesses operating in 32 countries around the world.

Sompo International is the trade name for the global specialty property and casualty insurance and reinsurance operations of Sompo outside of Japan. In Canada, Sompo International is the brand under which Sompo Japan Insurance Inc. Canada Branch operates its Canadian insurance business. That trade name is also used by our other offices in Bermuda, the United States, the United Kingdom, Continental Europe, and Asia.

Sompo International underwrites agriculture, professional lines, property, marine and energy, and casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance.

As a leading global provider of insurance and reinsurance, we recognize that our success is derived directly from those who matter most: our people.At Sompo International, a shared commitment to integrity, teamwork, agility, execution, and excellence define our culture, and we strive to create exceptional value for our clients and shareholders and maintain Sompo International as a desirable place to work.

Join us as we expand our Canadian insurance business! Help build the best commercial underwriting team in Canada. Join an organization where our people have the opportunity to be their best and provide clients with innovative solutions to help support their growth.

We are seeking a Head of Canadian Property Underwriting Professional to join our Sompo Canadian team in our Toronto, Ontario office. This position will support our Canadian Domestic platform.

Job Summary:

As the Head of Property, you will play a critical role in building out our Canadian Property Business including the staff which will work with you on evaluating and analyzing property insurance risks for a wide range of clients in Canada. You will lead the Canadian property underwriting process of assessing risk factors, determining coverage and pricing, and collaborating with other stakeholders to develop and implement underwriting strategies that align with the company's goals and guidelines.

Duties and Responsibilities:

• Participate in training, professional development, and knowledge-sharing activities to stay updated with industry best practices and enhance underwriting skills.
• Stay updated with industry trends, regulatory changes, and market conditions to identify potential risks and opportunities.
• Evaluate and underwrite property insurance risks, including conducting risk assessments, analyzing data, reviewing applications, and determining coverage and pricing.
• Assist in developing underwriting strategies, guidelines, and policies that align with the company's goals and objectives.
• Provide excellent customer service by promptly responding to inquiries, addressing concerns, and resolving issues in a professional and timely manner.
• Contribute to the achievement of business targets, including premium growth, profitability, and customer satisfaction.
• Collaborate with cross-functional teams, such as claims, risk engineering, and legal, to assess and manage risks, resolve issues, and optimize business outcomes.
• Manage and guide underwriters, including reviewing their work, providing feedback, and mentoring to ensure quality underwriting decisions.
• Develop and maintain relationships with clients, brokers, and other stakeholders to drive new business opportunities and build a strong book of business.
• Collaborate with brokers and clients to gather information, clarify requirements, and negotiate terms and conditions.
• Participate in market analysis, including competitor analysis, rate monitoring, and identifying potential market niches.

Qualifications include:

• French language is an asset
• Strong knowledge of property insurance products, coverages, underwriting guidelines, and risk assessment techniques.
• Proficient in analyzing data, interpreting financial statements, and utilizing underwriting tools and software.
• Strong negotiation skills with the ability to balance profitability and risk management.
• Ability to work independently and collaboratively in a fast-paced environment with changing priorities.
• Professional designations, such as Chartered Insurance Professional (CIP), Fellow Chartered Insurance Professional (FCIP), or other relevant certifications, would be an asset.
• Ability to travel as required
• Bachelor’s Degree or relevant work experience.
• 15+ years of experience in property underwriting, preferably in the Canadian market.
• Demonstrated ability to manage and provide guidance to more junior underwriters.
• Excellent communication skills, both written and verbal, with the ability to interact effectively with clients, brokers, and internal stakeholders.
• Professional designations, such as Chartered Insurance Professional (CIP), Fellow Chartered Insurance Professional (FCIP), CRM, would be an asset
• Knowledge of Canadian insurance regulations and market trends.

This job description outlines the general nature and level of work performed by individuals assigned to this position. It does not restrict the management's right to assign or reassign duties and responsibilities to this job at any time.

Sompo International offers a competitive salary, comprehensive benefits package, and opportunities for professional growth and development.

Sompo International is committed to employment practices, including recruitment and hiring practices, that are inclusive and accessible. Accommodations for individuals with disabilities are available. Should you require accommodation, please contact our human resources business partner, Aleeta Jeamel, at [email protected] or 860-817-7789.

Visit our website at www.sompo-intl.com