Underwriting Specialist, Middle Market Solutions

Location: New York
Senior Underwriter, Middle Market Solutions

Join to apply for the Senior Underwriter, Middle Market Solutions role at Arch Insurance Group Inc.

Senior Underwriter, Middle Market Solutions

2 days ago Be among the first 25 applicants

Join to apply for the Senior Underwriter, Middle Market Solutions role at Arch Insurance Group Inc.

Arch Insurance Group Inc. provided pay range

This range is provided by Arch Insurance Group Inc.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$80,000.00/yr - $/yr

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℠.

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, 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
• 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
• 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
• 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
• Established relationships with brokers at peer group level and within market
• 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

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.

$80,000 - $125,000/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…