Underwriting Manager, Contract Surety
Arch Capital Group Ltd.
full-time
Posted on:
Location Type: Hybrid
Location: Cumberland • Connecticut • Massachusetts • United States
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Salary
💰 $111,100 - $149,970 per year
About the role
- Gather and analyze information, applying appropriate underwriting techniques, necessary to make an accurate evaluation of credit quality & acceptability of risk
- Prepare and conduct marketing activities within assigned territory/agencies; manage producers within territory including premium collection
- Responsible for developing and managing a book of business, meeting/exceeding profitability objectives as set forth by management
- This includes building and growing strategic relationships as well as finding opportunity for new business within the defined territory
- Meet with principal owners of the account to assess their general management acumen, past experience, work experience of key personnel, depth of organization and desired work objectives with branch manager’s involvement as needed
- Continuously monitor assigned accounts to ensure compliance with Arch standards and make/recommend appropriate corrective actions as needed
- Correspond with CPAs, bankers, lawyers, architects, subcontractors and engineers to secure additional underwriting detail, as needed, to assess risk on preliminary and ongoing basis
- Prepare underwriting submissions, making recommendations and/or decisions within established authority limits and; Performs additional projects as requested by Manager
- Assist in internal reporting and preparing/implementing regional business plan and budget
- Develop and maintain strong working relationships with assigned producers and cultivate new relationships
- Share in the responsibility of the office’s overall profitability, and collaborate with the Branch Manager on strategic plans and operations.
Requirements
- Five plus years Surety underwriting experience
- Solid understanding of financial and accounting principles and the ability to demonstrate sound business judgment in evaluation of the financial condition, experience, credit history and character of contract accounts
- Strong communication and organizational skills
- Ability to multi-task and prioritize workload to meet agreed upon expectations
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
- and more.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
underwriting techniquesfinancial principlesaccounting principlesrisk assessmentbusiness evaluationpremium collectionreportingbusiness plan developmentbudget implementationcompliance monitoring
Soft Skills
communication skillsorganizational skillsmulti-taskingprioritizationrelationship buildingstrategic thinkingcollaborationbusiness judgmentmanagement acumenproblem-solving