Arch Insurance Group Inc.
AVP, Middle Market Solutions, Property
Arch Insurance Group Inc., San Francisco, California, United States, 94199
AVP, Middle Market Solutions, Property
Arch Insurance Group Inc.
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 We are seeking a seasoned insurance professional to lead underwriting strategy and execution for a designated Line of Business (LoB). This role involves underwriting new and renewal accounts to meet financial targets, managing complex referrals, and collaborating with cross-functional teams including Market Management, Claims, and other product lines. The ideal candidate will have deep expertise in regional insurance markets, strong broker relationships, and a proven track record of underwriting profitable business.
Responsibilities and Accountabilities
Participate in the development and execution of regional Underwriting strategy for LoB(s) and work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross-selling
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)
Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility)
Ensure contract certainty is achieved on all accounts at time of inception and utilization of global pricing tools
Ensure placing and binding of FAC Reinsurance prior to policy inception
Underwrite in line with LOB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Proactively support completion of policy administration and credit control processes
Contribute to development and execution of regional Underwriting strategy for LoB regionally
Training, developing and coaching of less experienced staff (including Underwriters)
Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Required Skills and Abilities
4-12 years experience in proven track record in Underwriting profitable business in LoB. Good understanding of LoB products and portfolio
4-12 years experience in demonstrating established relationships with brokers at peer group level and established within market
4-12 years experience in understanding of regional / local LoB insurance markets and competitor landscape
Education and Experience
College degree preferably in Economics, Finance, Insurance Management, or Business Administration
Completion of professional insurance qualification (e.g. CII)
Compensation Base pay range: $148,614.00/yr - $201,066.00/yr
Position is incentive eligible. 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.
Benefits
Multiple medical plans plus dental, vision and prescription drug coverage
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&DD 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
Location Remote – AM3
Seniority Level Executive
Employment Type Full-time
Job Function Business Development and Sales
Industry Insurance
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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 We are seeking a seasoned insurance professional to lead underwriting strategy and execution for a designated Line of Business (LoB). This role involves underwriting new and renewal accounts to meet financial targets, managing complex referrals, and collaborating with cross-functional teams including Market Management, Claims, and other product lines. The ideal candidate will have deep expertise in regional insurance markets, strong broker relationships, and a proven track record of underwriting profitable business.
Responsibilities and Accountabilities
Participate in the development and execution of regional Underwriting strategy for LoB(s) and work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross-selling
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)
Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility)
Ensure contract certainty is achieved on all accounts at time of inception and utilization of global pricing tools
Ensure placing and binding of FAC Reinsurance prior to policy inception
Underwrite in line with LOB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Proactively support completion of policy administration and credit control processes
Contribute to development and execution of regional Underwriting strategy for LoB regionally
Training, developing and coaching of less experienced staff (including Underwriters)
Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Required Skills and Abilities
4-12 years experience in proven track record in Underwriting profitable business in LoB. Good understanding of LoB products and portfolio
4-12 years experience in demonstrating established relationships with brokers at peer group level and established within market
4-12 years experience in understanding of regional / local LoB insurance markets and competitor landscape
Education and Experience
College degree preferably in Economics, Finance, Insurance Management, or Business Administration
Completion of professional insurance qualification (e.g. CII)
Compensation Base pay range: $148,614.00/yr - $201,066.00/yr
Position is incentive eligible. 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.
Benefits
Multiple medical plans plus dental, vision and prescription drug coverage
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&DD 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
Location Remote – AM3
Seniority Level Executive
Employment Type Full-time
Job Function Business Development and Sales
Industry Insurance
#J-18808-Ljbffr