Underwriting Specialist, Property

Posted:
9/4/2024, 3:40:39 AM

Location(s):
Chicago, Illinois, United States ⋅ Illinois, United States

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Finance & Banking ⋅ Sales & Account Management

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:

  • Establish relationships with key trading partners and drive submission activity across assigned Brokers.
  • Underwrite new and renewal accounts to meet top and bottom line targets
  • Negotiate price and terms and conditions with producers
  • Be responsible for profit, growth and retention of assigned book.
  • Meet or exceed new business production goals while maintaining profitability across assigned portfolio and adhering to authority and strategies.
  • Work collaboratively with internal stakeholders and brokers to retain key assigned renewals and lead coordination of Risk Services & Claims Service plans for key accounts.
  • Maintain and develop relationships internally and externally.
  • Develop, advance & execute against a prospect pipeline with our trading partners, as well as engaging other business units for cross-selling opportunities.


Desired Qualifications

  • Bachelor’s degree
  • 5+ years of Underwriting experience preferably in the Middle Market Monoline Property segment or a Multiline background
  • Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers
  • Presentation and public speaking skills
  • Strong negotiations skills and sales acumen
  • Invest in local broker and insurance marketplace relationships
  • Knowledge and understanding of current insurance marketplace conditions
  • Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority
  • Understanding of Property Insurance coverage, terms and conditions
  • Proficiency in Microsoft Office Suite

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.