Offer summary

Qualifications:

Minimum of 3+ years of underwriting experience in profitable business., Specialized knowledge of sub-LoB products and regional insurance markets., Degree in Economics, Finance, Insurance Management, or Business Administration preferred., Professional insurance qualification (e.g., CPCU) is a plus..

Key responsibilities:

Underwrite new and renewal accounts to meet financial targets.

Negotiate terms and conditions with brokers and producers.

Manage capacity and evaluate catastrophe risks using modeling scenarios.

Contribute to regional underwriting strategy and mentor less experienced staff.

Job description

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℠.

Main Responsibilities for this role include:

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
Ensure utilization of global pricing tools
Ensure placing and binding of FAC Reinsurance prior to policy inception
Policy Documentation and Administration
Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility)
File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
Proactively support completion of policy administration and credit control processes
Underwriting Strategy & Leadership
Contribute to development and execution of regional Underwriting strategy for LoB regionally
Training, developing and coaching of less experienced staff (including Underwriters)
Delegate work as appropriate

Requirements:

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

#LI-AM3

#LI-Remote

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.

$83,600 - $112,918/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 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. Click here to 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! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14400 Arch Insurance Group Inc.

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