Underwriting Specialist/Manager
Arch Capital Group Ltd.
full-time
Posted on:
Location Type: Office
Location: Hartford • Connecticut, North Dakota, Ohio, Oklahoma, Pennsylvania • 🇺🇸 United States
Visit company websiteSalary
💰 $125,000 - $145,000 per year
Job Level
Mid-LevelSenior
About the role
- Responsible for the technical underwriting, account management and client management of casualty group captive programs
- Solicits and reviews new and renewal account information required to evaluate a risk
- Identifies all potential exposures and hazards in relation to coverage requested and individual and program risk characteristics
- Assesses insurance and related financial risk in order to structure appropriate captive programs to effectively protect against frequency, severity, catastrophic and credit risk
- Engages other internal resources as necessary
- Underwrites, prices and prepares proposals within authority with necessary input of Arch Actuarial, Credit and Alt Market team
- Prepares program binders and presents to captive manager/producer and or prospective insured
- Coordinates all administrative duties related to existing and prospective accounts
- Quarterbacks all pre and post bind activities including policy production, compliance issues, audits and adjustments, legal agreements, receipt of collateral, legal agreement execution, TPA coordination and any other related items
- Responsible for the renewal and retention management and manages the renewal process to achieve targeted retention and price change goals
- Develops and maintains relationships with producers and insured's to achieve overall production and profitability goals
Requirements
- Bachelor's degree or equivalent training required
- CPCU or other similar designation a plus
- Three (3) to Five (5) years underwriting experience and/or experience in the Loss Sensitive, Excess & Surplus marketplace, or captive insurance marketplace
- Proficiency with Excel, Word and PowerPoint
- Understanding and knowledge of the intent, scope and purpose of the Workers Compensation, General Liability, and Automobile coverage forms and endorsements with the ability to tailor to the sold captive program design
- Possess a thorough understanding of loss sensitive programs, excess & surplus lines programs
- An understanding of captive programs is desired, but not required
- Understanding and knowledge of exposure identification and analysis
- Possess a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal
- Knowledge of regulatory and compliance issues
Benefits
- 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
underwritingrisk assessmentaccount managementfinancial risk analysisprogram designexposure identificationloss sensitive programsexcess & surplus linescompliancepolicy production
Soft skills
client managementrelationship buildingcoordinationcommunicationorganizational skillsproblem-solvingleadershipcollaborationpresentation skillsnegotiation
Certifications
Bachelor's degreeCPCU