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:
Underwrite profitable new and renewal business to meet LoB targets
Negotiation of participation, pricing and terms and conditions
Ownership of accounts / clients
Develop and maintain relationships with brokers and clients
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate participation, pricing and terms and conditions with brokers
Proactively manage capacity
Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs)
Ensure placing and binding of FAC Reinsurance prior to policy inception
Ensure accurate policy documentation issued to broker, or broker has issued documentation
File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
Support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
Support market management initiatives
Positively represent Arch externally to the market
Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, AIRE, Claims, Operations
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Skills:
Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB
Pricing and Market Mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings
Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
Communication skills: Clearly and effectively express ideas and messages via speech or writing.
Influencing skills: Ability to persuade and motivate others to act, without executive authority
Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions.
IT skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word.
Experience:
1-3 years proven track record in Underwriting profitable business in LoB. Understanding of LoB products and portfolio
Demonstrable, established relationships with brokers at peer group level
Good understanding of regional / local LoB insurance markets and competitor landscape
Understanding of legal and regulatory framework
Education/Certification:
Preferably a degree in Risk Management and Insurance, Business, Economics, Law, or other appropriate discipline
Progress towards professional insurance qualification (e.g. CPCU, ARM)
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.
$63,161 - $85,453/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.
