Posted:
8/28/2024, 4:11:30 AM
Location(s):
Dallas, Texas, United States ⋅ Houston, Texas, United States ⋅ Illinois, United States ⋅ Chicago, Illinois, United States ⋅ Texas, United States
Experience Level(s):
Expert or higher ⋅ Senior
Field(s):
Customer Success & Support
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℠.
Job Summary
The Senior Underwriter, Growth & Middle Market 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 Central Region.
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.
Job Responsibilities
Underwrite and price products, to include financial and exposure analysis
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.
Represent Arch and Executive Assurance professionally whether internally or externally at agent offices or industry events.
Attendance at meetings with outside company management
Policy contract review and rating
Claims review
Binding of 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. Be able to provide detail as to variances from forecast, include new business results, lost business and pricing changes.
Service brokers and customers, to drive new business opportunities via existing relationships as well as where there is no existing relationship; continually prospects for new opportunities.
Coaching and developing the more junior underwriters in the region
Required Skills/Experience
2 to 4 years of private company D&O underwriting experience
Exemplary oral and written communication skills
Analytical, with a keen ability to think through issues
Solid understanding of financial statements
Strong customer-service focus
Ability to develop strong relationships with brokers in order to successfully manage our business which will require travel to producer location or insured location.
Able to organize and prioritize to meet multiple demands and commitments
Strong work ethic
Ability to work independently as a member of a team working to build a profitable book of business
Effective negotiation skills
Proficient in MS Word, Excel and Outlook
Education
Bachelor’s Degree, ideally in Economics, Business, Finance or Accounting
RPLU or CPCU designation preferred
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.
Website: https://archgroup.com/
Headquarter Location: Hamilton, Hamilton, Bermuda
Employee Count: 5001-10000
Year Founded: 1995
IPO Status: Public
Last Funding Type: Post-IPO Equity
Industries: Finance ⋅ Financial Services ⋅ Insurance