Underwriting Manager
Sentry
Underwriting Specialist, Package
Arch Capital Group Ltd.
full-time
Posted on:
Origin: • 🇺🇸 United States • Illinois, Ohio
Visit company websiteSalary
💰 $115,753 - $180,959 per year
Job Level
Mid-LevelSenior
About the role
- Underwrite profitable new and renewal business to meet LoB targets regionally including global elements
- Ownership of large accounts / clients including negotiation of participation, pricing and terms and conditions
- Training and development resource for Underwriters & Senior Underwriters
- Develop and maintain strong relationships with brokers and clients
- Specialized technical expertise / lead for at least one sub-LoB, Industry, or Product Line such as General Liability, Umbrella, Commercial Auto, Commercial Property, Workers Compensation
- Manage assigned broker portfolio of accounts to achieve efficient returns of profitability and growth
- 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)
- Specialist / Technical Expert in Product Line within Middle Market Business
- Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles
- Ensure placing and binding of FAC Reinsurance prior to policy inception
- File maintenance – ensure file is established and maintained for each risk and transaction handled
- Proactively develop relationships with brokers and agents assigned within the territory to either pursue new business acquisition and / or large renewal retention
- Acquisition of new business and retention of existing business including client and broker negotiations
- 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
- Positively represent Arch externally to the market
- Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, Engineering, Claims, Operations
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Requirements
- A minimum of 3+ years of Commercial Property & Casualty Underwriting experience
- Middle-market experience is preferred
- Recognized established relationships with brokers at peer group level and within market
- Specialized understanding of regional / local insurance markets and competitor landscape
- Good understanding of legal and regulatory framework
- Undergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferred
- Completion of professional insurance qualification (e.g. CPCU) is preferred
- IT Skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word
- 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.
