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McNeil & Co.

AVP, Middle Market Excess

McNeil & Co., New York, New York, us, 10261

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Underwriting Specialist, Middle Market Excess page is loaded Underwriting Specialist, Middle Market Excess Apply locations New York, NY United States of America time type Full time posted on Posted Yesterday job requisition id R25_553 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 position requires an experienced professional to underwrite and manage a portfolio of Umbrella and Excess Liability accounts to drive profitability and growth. The role involves assessing risks, negotiating pricing, and ensuring contract certainty while maintaining strong relationships with brokers, clients, and other stakeholders. This will be hybrid (2 days a week) in NY, NY. Looking for a minimum of 4 years of Excess or Supported Lead Umbrella experience. Responsibilities and Accountabilities: Responsible for growth and profitability of the Brokers within the Territory

Ownership of accounts 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 Unsupported Umbrella & Excess Liability

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 in line with LoB governance framework - e.g. Underwriting Authorities, Global MSU, Underwriting Guidelines, Rules and Principles

Ensure utilization of global pricing tools

Ensure accurate policy documentation issued to producers or producers have issued documentation (where producer responsibility)

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 strong renewal retention

Manage complex referrals from underwriters and re-underwrite complex business as appropriate

Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations

Participate in cross regional activities as required / requested including and not limited to cross collaboration with Middle Market Package, Excess Construction, Excess National Accounts

Required Skills and Abilities: Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Umbrella & Excess Liability.

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 with both internal and external stakeholders. Ability to "sell" an improvised or prepared audience winning story. Possesses strong negotiation skills.

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.

Project Managing multiple accounts, opportunities and processes to meet deadlines, ensure responsiveness, and maintain positioning in market.

Education and Experience: 5+ years of experience in Underwriting profitable business in Umbrella & Excess.

Specialized expert understanding of Liability products and portfolio

Recognized relationships with brokers at peer group level and well established within marketplace

Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements

Good understanding of legal and regulatory framework

Experience working in complex, global matrix organization

Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration

Completion of professional insurance qualification preferred.

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. $107,900 - $145,700/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.

Click here to learn more on available benefits. Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re 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 talent community to share your preferences directly with Arch’s Talent Acquisition team. 14400 Arch Insurance Group Inc. Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career. Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. Please be vigilant to fraudulent activity if you receive a communication or email asking you to submit any personal information. Do not send money or pass any details to someone suggesting they can provide employment with Arch. You should only enter your information into our official career portal. Please know the following about our interviewing and hiring practices. We never make job offers without a formal, in person, interview process. We never ask you to send money of any kind.

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