Arch Insurance Group Inc.
Underwriting Specialist, Middle Market Solutions
Arch Insurance Group Inc., California, Missouri, United States, 65018
Underwriting Specialist, Middle Market Solutions
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Underwriting Specialist, Middle Market Solutions
role at
Arch Insurance Group Inc. This role is based in California, United States. Job Overview
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. Responsibilities
Underwrite Profitable business 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) Underwriting Approach and Compliance Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles Ensure contract certainty is achieved on all accounts at time of inception Ensure utilization of global pricing tools Ensure placing and binding of FAC Reinsurance prior to policy inception Policy Documentation and Administration Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility) File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled Proactively support completion of policy administration and credit control processes Underwriting Strategy & Leadership Contribute to development and execution of regional Underwriting strategy for LoB regionally Training, developing and coaching of less experienced staff (including Underwriters) Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate Requirements
A minimum of 3+ years of direct experience in underwriting profitable business in LoB Specialized expert understanding of sub-LoB products and portfolio Recognized relationships with brokers at peer group level and well established within market Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements Preferably a degree in Economics, Finance, Insurance Management, or Business Administration Completion of professional insurance qualification (e.g. CPCU) What We Offer
The base salary range for this role is $107,900 - $167,555 per 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. We also offer a 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. Arch is an equal opportunities employer and welcomes applications from diverse candidates.
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Join to apply for the
Underwriting Specialist, Middle Market Solutions
role at
Arch Insurance Group Inc. This role is based in California, United States. Job Overview
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. Responsibilities
Underwrite Profitable business 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) Underwriting Approach and Compliance Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles Ensure contract certainty is achieved on all accounts at time of inception Ensure utilization of global pricing tools Ensure placing and binding of FAC Reinsurance prior to policy inception Policy Documentation and Administration Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility) File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled Proactively support completion of policy administration and credit control processes Underwriting Strategy & Leadership Contribute to development and execution of regional Underwriting strategy for LoB regionally Training, developing and coaching of less experienced staff (including Underwriters) Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate Requirements
A minimum of 3+ years of direct experience in underwriting profitable business in LoB Specialized expert understanding of sub-LoB products and portfolio Recognized relationships with brokers at peer group level and well established within market Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements Preferably a degree in Economics, Finance, Insurance Management, or Business Administration Completion of professional insurance qualification (e.g. CPCU) What We Offer
The base salary range for this role is $107,900 - $167,555 per 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. We also offer a 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. Arch is an equal opportunities employer and welcomes applications from diverse candidates.
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