Underwriter
Underwriter
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Job Description
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.
Responsibilities:
Underwrite profitable new and renewal business to meet LoB targets
Negotiation of participation pricing and terms and conditions
Ownership of accounts / clients
Develop and maintain relationships with brokers and clients
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate participation pricing and terms and conditions with brokers
Proactively manage capacity
Underwrite and evaluate Natural Catastrophe Accumulation ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs)
Ensure placing and binding of FAC Reinsurance prior to policy inception
Ensure accurate policy documentation issued to broker or broker has issued documentation
File maintenance ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
Support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
Support market management initiatives
Positively represent Arch externally to the market
Proactively drive involvement of functional areas in Underwriting process including e.g. MMC AIRE Claims Operations
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Skills:
Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB
Pricing and Market Mgt: 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.
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.
IT skills (Office applications): Use general office application tools e.g. Power Point Excel Word.
Experience:
1-3 years proven track record in Underwriting profitable business in LoB. Understanding of LoB products and portfolio
Demonstrable established relationships with brokers at peer group level
Good understanding of regional / local LoB insurance markets and competitor landscape
Understanding of legal and regulatory framework
Education/Certification:
Preferably a degree in Risk Management and Insurance Business Economics Law or other appropriate discipline
Progress towards professional insurance qualification (e.g. CPCU ARM)
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 isnt the right fit but youre 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 Archs Talent Acquisition team.
14400 Arch Insurance Group Inc.Employment Type
Full-Time
