Underwriting Specialist​/Underwriting Manager

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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℠.

Are you tired of losing business to Group Captives? The Underwriter within Arch Alternative Markets is responsible for the technical underwriting, account management and client management of our casualty group‑captive programs. We have grown steadily 20% per year, exceeded $1 Billion of GWP and are looking for more team members.

• Technical Underwriting – solicit and review new and renewal account information required to evaluate a risk. Identify all potential exposures and hazards in relation to coverage requested and individual and program risk characteristics. Assess insurance and related financial risk to structure appropriate captive programs to protect against frequency, severity, catastrophic and credit risk. Engage internal resources as necessary. Underwrite, price and prepare proposals within authority and with necessary input from Arch Actuarial, Credit and Alt Market teams.
  
  Prepare program binders and present to captive manager/producer and/or prospective insured. Coordinate all administrative duties related to existing and prospective accounts.

• Account Management – quarterback all pre‑and post‑bind activities including policy production, compliance issues, audits and adjustments, legal agreements, receipt of collateral, legal agreement execution, TPA coordination and any other related items. Together with internal team members, deliver promised service to customers. Manage renewal retention and price change goals. Initiate, coordinate and conduct mid‑term account reviews.

• Client Management – develop and maintain relationships with producers and insureds to achieve overall production and profitability goals. Meet with producers and insureds to discuss account issues, uncover critical customer needs and financial buying characteristics. Develop a strategic plan for positioning and selling Arch at both the producer and insured level. Engage and introduce other team members or management team as appropriate.
  
  Generate a flow of qualified submissions.

• Administrative – responsible for all underwriting and policy file documentation in compliance with Arch's internal audit process. Complete ad‑hoc projects as assigned by management.

• Understanding of Workers Compensation, General Liability, and Automobile coverage forms and endorsements with the ability to tailor to captive program design.
• Thorough understanding of loss‑sensitive programs, excess & surplus lines programs.
• Knowledge of captive programs (products, pricing, expensing, actuarial loss projecting techniques, retention and aggregate setting, limit profiles, ALAE, credit risk, and facultative reinsurance) is desired but not required.
• Understanding of exposure identification and analysis.
• Cross‑functional generalist knowledge of claims, risk control, audit, premium accounting, finance and legal. Knowledge of regulatory and compliance issues.

• Bachelor's degree or equivalent training required.
• CPCU or other similar designation a plus.
• Three (3) to five (5) years underwriting experience and/or experience in the loss‑sensitive, excess & surplus marketplace, or captive insurance marketplace.
• Proficiency with Excel, Word and PowerPoint.
• Established broker or captive program relationships not necessary.

Base salary range: $125,000 – $145,000 per year plus 10% target bonus.

• Medical plans (multiple options), dental, vision and prescription drug coverage.
• Competitive 401(k) with generous matching.
• Paid time off starting at 20 days per year; up to 12 paid company holidays and 2 paid volunteer days.
• Basic life and AD&D insurance; short‑ and long‑term disability.
• Paid parental leave up to 10 weeks.
• Student loan assistance and tuition reimbursement.
• Backup child and elder care.
• More benefits available –  to learn more.

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 isn’t the right fit but you’re interested in working for Arch, create a job alert to receive notifications for openings that match your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

Location:

14400 Arch Insurance Group Inc.