Arch Capital Group
Underwriting Specialist, Middle Market Solutions
Arch Capital Group, Memphis, Tennessee, United States, 38103
Underwriting Role
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?. Main Responsibilities for this role include: Underwriting Profitable business Underwriting new and renewal accounts to meet top and bottom line targets Negotiating price and terms and conditions with producers Proactively managing capacity Underwriting and evaluating Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios for relevant Lines of Business (LoB's) Underwriting Approach and Compliance Underwriting in line with LoB governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles Ensuring contract certainty is achieved on all accounts at time of inception Ensuring utilization of global pricing tools Ensuring placing and binding of FAC Reinsurance prior to policy inception Policy Documentation and Administration Ensuring accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility) File maintenance
ensuring file is established (whether electronic or paper) and maintained for each risk and transaction handled Proactively supporting completion of policy administration and credit control processes Underwriting Strategy & Leadership Contributing to development and execution of regional Underwriting strategy for LoB regionally Training, developing, and coaching of less experienced staff (including Underwriters) Delegating work as appropriate Requirements: A minimum of 3+ years of direct experience in underwriting profitable business 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 Professional insurance qualification (e.g. CPCU) is a plus 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. $83,600 - $112,918/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. Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.
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?. Main Responsibilities for this role include: Underwriting Profitable business Underwriting new and renewal accounts to meet top and bottom line targets Negotiating price and terms and conditions with producers Proactively managing capacity Underwriting and evaluating Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios for relevant Lines of Business (LoB's) Underwriting Approach and Compliance Underwriting in line with LoB governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles Ensuring contract certainty is achieved on all accounts at time of inception Ensuring utilization of global pricing tools Ensuring placing and binding of FAC Reinsurance prior to policy inception Policy Documentation and Administration Ensuring accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility) File maintenance
ensuring file is established (whether electronic or paper) and maintained for each risk and transaction handled Proactively supporting completion of policy administration and credit control processes Underwriting Strategy & Leadership Contributing to development and execution of regional Underwriting strategy for LoB regionally Training, developing, and coaching of less experienced staff (including Underwriters) Delegating work as appropriate Requirements: A minimum of 3+ years of direct experience in underwriting profitable business 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 Professional insurance qualification (e.g. CPCU) is a plus 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. $83,600 - $112,918/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. Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.