Underwriter​/Senior Underwriter​/Underwriting Specialist – PL​/Cyber

Job Overview

This position is responsible for the submission generation, underwriting and policy issuance of Cyber & Technology Liability accounts with potential to work on Miscellaneous Professional Accounts as well. This will be a hybrid position (3 days onsite) in Chicago, IL. Position offered (Underwriter, Senior Underwriter or Underwriting Specialist) will be dependent upon the individual candidate’s qualifications.

• Build strong long term profitable relationships with agents, brokers and policy holders.
• Evaluate applications and related materials to determine acceptability of risks in accordance with company guidelines and standards. Determine the need for additional evidence of insurability.
• Participate in underwriting calls with clients and brokers to assess client’s cybersecurity controls.
• Exercise judgment, negotiation and sound business decision making based on level of authority.
• Prepare quotes and answer questions from brokers, policyholders or other external contacts and elevate issues to management along with proposed solutions as necessary.
• Provide acceptable level of underwriting documentation for all assigned accounts. Be able to articulate underwriting positions and most importantly, reasons for such positions internally and externally.
• Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts.
• Monitor new business flow, quote ratio and hit ratio from each target agency to monitor variances to plan. Develop strategies to correct variances with each agency.

• Strong relationships with wholesale and/or retail Cyber brokers.
• Strong interpersonal and communication skills and the ability to work with management at a senior level.
• Knowledge of broader MPL classes of business is desirable.
• Highly motivated with the ability to work independently or as part of a team.
• Independent and innovative thinker with creative problem-solving skills & strategic thinking.
• Strong analytical skills/judgement and mathematical skills.
• Effective negotiation skills.

• BA or BS, ideally with a degree/major in Risk Management & Insurance, Cyber Security, Economics, Business, Finance, or Accounting.
• 3-7 years of professional lines underwriting experience (Cyber preferred).

Base salary range: $100,000 - $140,000 + target bonus. Position incentive eligible.

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.