Underwriter, Executive Assurance

Underwriter, Executive Assurance

Arch Insurance Group Inc.

Underwriter, Executive Assurance

Job Type: Full-time

Location:

New York, NY 10036 (hybrid, 2 days onsite)

Pay Range: $85,000/yr - $105,000/yr (base salary, incentive eligible)

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™.

Position Summary: The Underwriter, Growth & Middle Market (executive assurance) is responsible for the submission generation, underwriting and policy issuance of Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Fidelity insurance, Kidnap & Ransom and Cyber Liability for entities that meet the GMM account definition within the Northeast Region. This is a hybrid role with 2 days onsite in NY, NY 10036.

The Growth & Middle Market department works with privately held companies with annual revenues of less than $1 Billion and publicly traded companies with annual revenues of less than $500 Million.

Responsibilities and Accountabilities:

• Underwrite and price products, including financial and exposure analysis.
• Monitor new business flow, quote ratio and hit ratio from each target agency and develop strategies to correct variances.
• Represent Arch and Executive Assurance professionally internally and externally at agent offices or industry events.
• Attend meetings with outside company management.
• Review and rate policy contracts.
• Bind new and renewal accounts according to our underwriting philosophy and strategy.
• Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts, with detail on variances.
• Service brokers and customers, drive new business opportunities via existing relationships and prospect for new opportunities.

Required

Skills and Abilities:

• 1-2 years of private D&O underwriting experience.
• Exemplary oral and written communication skills.
• Analytical, with a keen ability to think through issues.
• Solid understanding of financial statements.
• Ability to develop strong relationships with brokers, requiring travel to producer/insured locations.
• Organize and prioritize to meet multiple demands and commitments.
• Work independently as part of a team building a profitable book of business.
• Effective negotiation skills.
• Proficiency in MS Word, Excel and Outlook.

Education:

• Bachelor’s Degree in Economics, Business, Finance or Accounting.
• RPLU or CPCU designation preferred but not required.

Compensation & Benefits: Total individual compensation (base salary, short & long‑term incentives) may vary based on location, responsibilities, qualifications and business needs. The benefits package includes medical, dental, vision and prescription drug coverage; a competitive 401(k) with matching; 20 days PTO; 12 paid holidays plus 2 paid volunteer days; life and AD&D insurance; short and long‑term disability; up to 10 weeks paid parental leave;

student loan assistance; tuition reimbursement; backup child and elder care; and more. 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 isn’t the right fit but you’re interested in working for Arch, create a job alert to receive new opportunities.