Underwriting Specialist, Middle Market Solutions

Overview

Underwriting Specialist, Middle Market Solutions. Base pay range: $/yr - $/yr. This role may be hybrid in our Boston or Hartford office or work remotely in the New England states plus upstate New York. This is a market-facing role expected to meet with brokers in the territory.

Arch Insurance Group Inc. provides a pay range that is determined by skills and experience; actual pay will be discussed with the recruiter.

• Underwrite profitable business
• Underwrite new and renewal accounts to meet top and bottom line targets
• Negotiate price and terms and conditions with producers
• Proactively manage capacity
• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios for relevant Lines of Business (LoB's)
• Underwriting approach and compliance
• Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles
• Ensure contract certainty is achieved on all accounts at time of inception
• Utilize global pricing tools
• Place and bind FAC Reinsurance prior to policy inception
• Policy documentation and administration
• Ensure accurate policy documentation issued to producers or producer responsibility documentation
• File maintenance for each risk and transaction handled
• Support completion of policy administration and credit control processes
• Contribute to development and execution of regional Underwriting strategy for LoB regionally
• Training, developing and coaching of less experienced staff (including Underwriters)

• 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

$100,100 - $150,800/year

• Total individual compensation (base salary, short & long-term incentives) offered will take into account factors including geographic location, scope & responsibilities, qualifications, talent availability & specialization, and business needs. The pay range may be modified in the future.
• Arch is committed to helping employees succeed through a comprehensive benefits package including medical plans, dental, vision and prescription coverage; a 401k with generous matching; PTO starting at 20 days/year; up to 12 paid company holidays; 2 paid Volunteer Time Off days;
  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; and more.  to learn more on available benefits.

For individuals assigned to the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

$100,100 - $150,800/year

• Seniority level:
  Mid-Senior level
• Employment type:
  
  Full-time
• Job function:
  Finance and Sales
• Industries:
  Insurance

Rhode Island, United States entries shown are examples of posting visibility and do not necessarily reflect current openings.