Arch Insurance Group Inc.
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Underwriting Specialist, Package
role at
Arch Insurance Group Inc. This role is based in the Arch Insurance Group Inc. organization and offers a base pay range described below. Salary
Base pay range: $115,753.00/yr - $180,959.00/yr Overview
With a culture rooted in collaboration, expertise and innovation, Arch Insurance Group aims to promote progress and inspire clients, employees, investors and communities to achieve their greatest potential. Responsibilities
Underwrite profitable new and renewal business to meet Lines of Business (LoB) targets regionally including global elements Own large accounts/clients including negotiation of participation, pricing and terms and conditions Serve as a training and development resource for Underwriters & Senior Underwriters Develop and maintain strong relationships with brokers and clients Provide specialized technical expertise and lead for at least one sub-LoB, industry, or product line such as General Liability, Umbrella, Commercial Auto, Commercial Property, or Workers Compensation Responsibilities (continued)
Manage assigned broker portfolio of accounts to achieve profitable growth Underwrite new and renewal accounts to meet top and bottom line targets Negotiate price and terms with producers Proactively manage capacity Underwrite and evaluate Natural Catastrophe Accumulation, including understanding catastrophe modeling for relevant LoBs Specialist/Technical Expert in Product Line within Middle Market Underwrite in line with LoB governance framework (e.g., Underwriting Authorities, Guidelines, Rules and Principles) Ensure placing and binding of FAC Reinsurance prior to policy inception File maintenance for each risk and transaction handled Develop relationships with brokers and agents to pursue new business and/or large renewals Acquire new business and retain existing business including client and broker negotiations Train, develop and coach less experienced staff (including Underwriters) Manage complex referrals and re-underwrite complex business as appropriate Delegate work as appropriate Represent Arch positively to the market Coordinate involvement of functional areas in the Underwriting process Develop and maintain relationships with key brokers, clients, and risk managers Qualifications
Minimum of 3+ years of Commercial Property & Casualty Underwriting experience; middle-market experience preferred Established broker relationships at peer level within the 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 preferred Completion of professional insurance qualification (e.g., CPCU) preferred Skills
Risk assessment and management: assess risk inherent exposures and natural hazards relevant to LoB Pricing and market management: analyze performance against benchmarks and market needs Policy management: understanding of policy administration lifecycle Communication: clear and effective expression of ideas Influencing: persuade and motivate others without executive authority Analytical: absorb information from multiple sources and draw conclusions IT skills: proficiency with Office applications (PowerPoint, Excel, Word) For individuals assigned to the indicated location(s), the base salary range is provided as of posting. Position is incentive eligible. The above pay range may be modified in the future. Arch is committed to helping employees succeed through a comprehensive benefits package, including medical, dental, vision, prescription coverage, 401k with matching, PTO, holidays, parental leave, student loan assistance and more. Click here to learn more on available benefits. Do you like solving complex business problems and working with talented colleagues? If this job isn’t the right fit, you can create a job alert or join Arch’s talent community to receive updates on openings.
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Underwriting Specialist, Package
role at
Arch Insurance Group Inc. This role is based in the Arch Insurance Group Inc. organization and offers a base pay range described below. Salary
Base pay range: $115,753.00/yr - $180,959.00/yr Overview
With a culture rooted in collaboration, expertise and innovation, Arch Insurance Group aims to promote progress and inspire clients, employees, investors and communities to achieve their greatest potential. Responsibilities
Underwrite profitable new and renewal business to meet Lines of Business (LoB) targets regionally including global elements Own large accounts/clients including negotiation of participation, pricing and terms and conditions Serve as a training and development resource for Underwriters & Senior Underwriters Develop and maintain strong relationships with brokers and clients Provide specialized technical expertise and lead for at least one sub-LoB, industry, or product line such as General Liability, Umbrella, Commercial Auto, Commercial Property, or Workers Compensation Responsibilities (continued)
Manage assigned broker portfolio of accounts to achieve profitable growth Underwrite new and renewal accounts to meet top and bottom line targets Negotiate price and terms with producers Proactively manage capacity Underwrite and evaluate Natural Catastrophe Accumulation, including understanding catastrophe modeling for relevant LoBs Specialist/Technical Expert in Product Line within Middle Market Underwrite in line with LoB governance framework (e.g., Underwriting Authorities, Guidelines, Rules and Principles) Ensure placing and binding of FAC Reinsurance prior to policy inception File maintenance for each risk and transaction handled Develop relationships with brokers and agents to pursue new business and/or large renewals Acquire new business and retain existing business including client and broker negotiations Train, develop and coach less experienced staff (including Underwriters) Manage complex referrals and re-underwrite complex business as appropriate Delegate work as appropriate Represent Arch positively to the market Coordinate involvement of functional areas in the Underwriting process Develop and maintain relationships with key brokers, clients, and risk managers Qualifications
Minimum of 3+ years of Commercial Property & Casualty Underwriting experience; middle-market experience preferred Established broker relationships at peer level within the 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 preferred Completion of professional insurance qualification (e.g., CPCU) preferred Skills
Risk assessment and management: assess risk inherent exposures and natural hazards relevant to LoB Pricing and market management: analyze performance against benchmarks and market needs Policy management: understanding of policy administration lifecycle Communication: clear and effective expression of ideas Influencing: persuade and motivate others without executive authority Analytical: absorb information from multiple sources and draw conclusions IT skills: proficiency with Office applications (PowerPoint, Excel, Word) For individuals assigned to the indicated location(s), the base salary range is provided as of posting. Position is incentive eligible. The above pay range may be modified in the future. Arch is committed to helping employees succeed through a comprehensive benefits package, including medical, dental, vision, prescription coverage, 401k with matching, PTO, holidays, parental leave, student loan assistance and more. Click here to learn more on available benefits. Do you like solving complex business problems and working with talented colleagues? If this job isn’t the right fit, you can create a job alert or join Arch’s talent community to receive updates on openings.
#J-18808-Ljbffr