Underwriting Specialist, Package

.Underwriting Specialist, Package page is loaded## Underwriting Specialist, Packagelocations: Chicago, IL United States of America: Home Base, MI: Home Base, OH: Home Base, IN: Home Base, ILtime type: Full timeposted on: Posted Todayjob requisition id: R25_70With 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?.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?.Job Summary* Underwrite profitable new and renewal business to meet LoB targets regionally including global elements* Ownership of large accounts / clients including negotiation of participation, pricing and terms and conditions* Training and development resource for Underwriters & Senior Underwriters* Develop and maintain strong relationships with brokers and clients* Specialized technical expertise / lead for at least one sub-LoB, Industry, or Product Line such as General Liability, Umbrella, Commercial Auto, Commercial Property, Workers CompensationResponsibilities:* 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* Proactively manage capacity* 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* Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles* Ensure placing and binding of FAC Reinsurance prior to policy inception* File maintenance ensure file is established 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* Training, developing and coaching of less experienced staff (including Underwriters)* Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate* Delegate work as appropriate* Positively represent Arch externally to the market* Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, Engineering, Claims, Operations* Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)Skills:* 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* 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.Requirements:* A minimum of 3+ years of 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#LI-HybridFor 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.$115,753 - $180,959/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.* Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click to learn more on available benefits.If this job isnt the right fit but youre interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our to share your preferences directly with Archs Talent Acquisition team.14400 Arch Insurance Group Inc. #J-18808-Ljbffr