Arch Capital Group
Senior Underwriter, Middle Market Solutions
Arch Capital Group, Los Angeles, California, United States, 90079
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Position Summary :
This role involves managing a portfolio of broker accounts to drive profitable growth by underwriting new and renewal business, negotiating terms, proactively managing capacity, and evaluating catastrophe risks. The position requires expertise in Middle Market insurance products, the ability to handle complex referrals, and adherence to underwriting guidelines. Preference is to have candidates sit remote in the Central Valley area (Bakersfield / Fresno).
Responsibilities and Accountabilities :
Manage assigned broker portfolio of accounts to achieve efficient returns of profitability and growth
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate price and terms and conditions with producers
Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)
Specialist / Technical Expert in Product Line within Middle Market Business
Ensure placing and binding of FAC Reinsurance prior to policy inception
File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
Proactively develop relationships with brokers and agents assigned within the territory to either pursue new business acquisition and / or large renewal retention
Acquisition of new business and retention of existing business including client and broker negotiations
Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Required Skills and Abilities :
Risk Assessment and Management : Ability to assess risk inherent exposures and natural hazards relevant to LoB
Pricing and Market Mgt : Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
Contract Drafting and Interpretation : Design, develop and implement consistent, robust wordings
Policy Management :
Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation. Communication skills : Clearly and effectively express ideas and messages via speech or writing. Influencing Skills :
Ability to persuade and motivate others to act, without executive authority Analytical Skills :
Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions. IT Skills (Office applications) : Use general office application tools e.g. Power Point, Excel, Word. Education and Experience : A minimum of 2+ years or Commercial Property & Casualty Underwriting experience. Middle Market experience is preferred Recognized established relationships with brokers at peer group level and within market Specialized understanding of regional / local insurance markets and competitor landscape Good understanding of legal and regulatory framework Undergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferred Completion of professional insurance qualification (e.g. CPCU) is preferred LI-AM3 LI-Remote For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. 79,900 - $124,085 / year Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future. 14400 Arch Insurance Group Inc.
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Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation. Communication skills : Clearly and effectively express ideas and messages via speech or writing. Influencing Skills :
Ability to persuade and motivate others to act, without executive authority Analytical Skills :
Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions. IT Skills (Office applications) : Use general office application tools e.g. Power Point, Excel, Word. Education and Experience : A minimum of 2+ years or Commercial Property & Casualty Underwriting experience. Middle Market experience is preferred Recognized established relationships with brokers at peer group level and within market Specialized understanding of regional / local insurance markets and competitor landscape Good understanding of legal and regulatory framework Undergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferred Completion of professional insurance qualification (e.g. CPCU) is preferred LI-AM3 LI-Remote For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. 79,900 - $124,085 / year Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future. 14400 Arch Insurance Group Inc.
#J-18808-Ljbffr