VP Underwriter, Railroad

Sompo International

1d•Remote

About The Position

Sompo has a unique opportunity for a VP, Underwriter in our U.S. Railroad Insurance team. This position will be based remotely in Michigan. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers. As the VP, Underwriter, you will support the established Sompo Rail Unit evaluating complex railroad related liability risks. You will build and manage partnerships with brokers and other distribution partners, leveraging strategic thinking to develop and maintain a strong pipeline of opportunities that support profitable growth in Sompo’s U.S. Railroad business. You will underwrite within your authority level and established guidelines while partnering across functions to deliver strong portfolio performance.

Requirements

At least 10 years experience in the Railroad Liability Insurance space.
Experience handling large, complex accounts and layered programs.
Strong financial and analytical skills.
Familiarity with required forms and coverages.
Experience with non-admitted insurance, wholesale and retail brokers / agents.
Demonstrates an understanding and ability to effectively engage in the negotiation process.
Adept at risk selection, exposure evaluation and ability to rate, quote, and offer non-admitted solutions.
Excellent organizational, analytical, oral and written communication skills required.
Proficient multi-tasker, with the ability to meet tight deadlines.
Strong customer service with a professional attitude and approach needed.
Ability to interact and communicate with various levels of the organization to cross-sell or address processing requirements.
Demonstrate significant contribution to underwriting profit.
Strong financial and analytical skills.

Nice To Haves

CPCU, ARM or similar designations welcomed.

Responsibilities

Underwrite complex accounts and contribute to product development, policy forms, and rate calibration.
Analyze railroad related operations & safety protocols, as well as partner with risk engineers for site visits and loss control recommendations, when appropriate.
Develop and maintain strong relationships with retail and wholesale brokers specializing in rail liability risks.
Meet stated financial objectives for growth and profitability for the elements of the portfolio.
Create and maintain relationships to showcase Sompo’s products and capabilities beyond underwriting, including market trends, audits, and claims; represent Sompo through on-site visits, industry conferences, and other engagements.
Utilize underwriting standards, practices, and tools to determine accurate classifications, rates, and premium charges.
Review and analyze applicable laws, regulations, and litigation trends.
Support internal and external audits; identify control gaps and drive remediation actions where needed.
Partner with Claims, Actuarial, Finance, and Operations to support underwriting outcomes and portfolio health.

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