Arch Insurance Group Inc.
Senior Underwriter, Middle Market Solutions
Arch Insurance Group Inc., Phoenix, Arizona, United States
Senior Underwriter, Middle Market Solutions
Arch Insurance Group Inc. is hiring for the
Senior Underwriter, Middle Market Solutions
role. Position can be remote or hybrid depending on the location of the candidate. Overview
Underwrite profitable new and renewal business to meet Line of Business targets regionally. Take ownership of large accounts and clients, overseeing negotiation of participation, pricing, and terms and conditions. Develop and maintain strong relationships with brokers and clients. Serve as a specialized technical expert or lead for at least one sub-LoB, industry, or product line, such as General Liability, Umbrella, Commercial Auto, Commercial Property, or Workers Compensation. 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 producer 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 Proactively develop relationships with brokers and agents assigned within the territory to 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 MMC, 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 Management: 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. PowerPoint, 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 Base pay range: $71,900.00/yr - $111,665.00/yr Additional compensation and benefits vary by location and role responsibilities. 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; paid holidays; paid parental leave; and more. For details, see the full benefits information. Salary and eligibility
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. $71,900-$111,665 Job details
Seniority level: Mid-Senior level Employment type: Full-time Job function: Finance and Sales Industries: Insurance Note: Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? If this job isn’t the right fit but you’re interested in working for Arch, create a job alert and join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
#J-18808-Ljbffr
Arch Insurance Group Inc. is hiring for the
Senior Underwriter, Middle Market Solutions
role. Position can be remote or hybrid depending on the location of the candidate. Overview
Underwrite profitable new and renewal business to meet Line of Business targets regionally. Take ownership of large accounts and clients, overseeing negotiation of participation, pricing, and terms and conditions. Develop and maintain strong relationships with brokers and clients. Serve as a specialized technical expert or lead for at least one sub-LoB, industry, or product line, such as General Liability, Umbrella, Commercial Auto, Commercial Property, or Workers Compensation. 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 producer 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 Proactively develop relationships with brokers and agents assigned within the territory to 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 MMC, 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 Management: 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. PowerPoint, 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 Base pay range: $71,900.00/yr - $111,665.00/yr Additional compensation and benefits vary by location and role responsibilities. 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; paid holidays; paid parental leave; and more. For details, see the full benefits information. Salary and eligibility
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. $71,900-$111,665 Job details
Seniority level: Mid-Senior level Employment type: Full-time Job function: Finance and Sales Industries: Insurance Note: Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? If this job isn’t the right fit but you’re interested in working for Arch, create a job alert and join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
#J-18808-Ljbffr