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 LOBs)
Underwriting Approach and Compliance
Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, 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)
Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
Delegate work as appropriate
Requirements:
A minimum of 3+ years of direct experience in underwriting profitable business in LoB
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
Completion of professional insurance qualification (e.g. CPCU)
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.
$97,100 - $131,130/yr
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.
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.
