Senior Underwriter, Middle Market Solutions
Senior Underwriter, Middle Market Solutions
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$ 79900 - 124085
1 Vacancy
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.
Job Summary:
Underwrite profitable new and renewal business to meet Line of Business (LoB) targets regionally. Take ownership of large accounts and clients overseeing negotiation of participation pricing and terms and conditions. Develop and maintain strong relationships with both brokers and clients. Serve as a specialized technical expert or lead for at least one sub-LoB industry or product line such as General Liability Umbrella Commercial Auto Commercial Property or Workers Compensation.
Responsibilities and Accountabilities:
Manage assigned broker portfolio of accounts to achieve efficient returns of profitability and growth
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate price and terms and conditions with producer
Underwrite and evaluate Natural Catastrophe Accumulation ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)
Specialist / Technical Expert in Product Line within Middle Market Business
Underwrite in line with LoB governance framework - e.g. Underwriting Authorities global MSU Underwriting Guidelines Rules and Principles
Ensure placing and binding of FAC Reinsurance prior to policy inception
Proactively develop relationships with brokers and agents assigned within the territory to either pursue new business acquisition and / or large renewal retention
Acquisition of new business and retention of existing business including client and broker negotiations
Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
Proactively drive involvement of functional areas in Underwriting process including e.g. MMC ARC Claims Operations
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Required Skills and Abilities:
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.
Education and Experience:
A minimum of 2 years or Commercial Property & Casualty Underwriting experience. Middle Market experience is preferred
Recognized established relationships with brokers at peer group level and within 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 is preferred
Completion of professional insurance qualification (e.g. CPCU) is preferred
#LI-AM3
#LI-Remote
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.
$79900 - $124085/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.
Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental vision and prescription drug coverage; a 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&D 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; and more. 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.
14400 Arch Insurance Group Inc.Required Experience:
Senior IC
Employment Type
Full-Time
