Underwriter, Middle Market Solutions, Property

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.

Job Summary

• Underwrite new and renewal business in accordance with Arch business strategy and letter of underwriting authority.
• Effectively negotiate pricing terms and conditions for all business commensurate with risk quality prior experience and market conditions.
• Be responsive and decisive in all aspects of managing a given portfolio geography etc.
• Develop and maintain meaningful relationships with brokers and Arch colleagues to achieve goals.
• Have three to five years of prior experience in a similar role with accountability for managing a business portfolio.

Main Tasks:

Underwrite Business Profitably

• Underwrite new and renewal business to achieve top and bottom-line targets.
• Effectively negotiate pricing terms and conditions with brokers and insureds when necessary.
• Appropriately evaluate and underwrite Natural Catastrophe exposures in accordance with letter of authority and business strategy.

Underwriting Approach and Compliance

• Ensure compliance with pricing tools and business strategy with all exposures accepted and renewed.
• Place and bind facultative reinsurance in accordance with business strategy and contractual obligations of reinsurance partner.
• Utilize appropriate contracts and endorsements in compliance with Department of Insurance for given state (s) where we assume risk.

Policy Documentation and Administration

• Document all underwriting decisions in a timely fashion and with clarity so there is no ambiguity of intent and scope of offering.
• Adhere to file maintenance and quality expectations in accordance with expectations of Chief Underwriting Office.
• Effectively communicate with Operations colleagues to ensure that our work product policies etc. are accurate and issued in a timely manner.

Distribution

• Establish sound relationships with Distribution colleagues to meet needs of brokers and insureds seeking Arch solutions.
• Have good knowledge of contracts commissions and strategies for each broker partner to ensure we live up to our commitments.
• Positively represent Arch Insurance to brokers and the prevailing insurance market by being knowledgeable communicative and responsive.

Technical Skills:

• Possess knowledge of contracts underwriting guidelines and authority grant to evaluate and accept risks in concert with business strategy.
• Possess sound understanding of policy administration capabilities and needs to assist efforts to deliver accurate and timely policies to brokers and insureds.

General Skills:

• Effectively communicate both verbally and in writing to express ideas and messages to colleagues and customers.
• Possess the ability to persuade and motivate others in a collaborative fashion on behalf of customers.
• Possess sound analytical skills to absorb information from various sources and in turn analyze data to draw appropriate conclusions in support of underwriting and business strategy.

Experience

• Bachelors Degree in Economics Law or other appropriate discipline
• Progress towards professional insurance qualification (e.g. CPCU) is a plus
• Proven track record in Underwriting profitable business. Understanding of property 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

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.

$81498 - $110262/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 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.