Property Claims Manager – Large Loss
Reserv
Underwriting Specialist, Middle Markets
Arch Capital Group Ltd.
full-time
Posted on:
Location Type: Office
Location: Charlotte • North Carolina, Virginia • 🇺🇸 United States
Visit company websiteJob Level
Junior
About the role
- 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)
Requirements
- 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
- Preferably a degree in Risk Management and Insurance, Business, Economics, Law, or other appropriate discipline
- Progress towards professional insurance qualification (e.g. CPCU, ARM)
- IT skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word.
- Communication skills
- Influencing skills
- Analytical Skills
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
- basic Life and AD&D Insurance
- 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
ATS Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
UnderwritingNatural Catastrophe AccumulationCatastrophe modellingPolicy documentationFile maintenanceNegotiationPricingRisk evaluationMarket managementBusiness acquisition
Soft skills
Communication skillsInfluencing skillsAnalytical skillsRelationship managementNegotiation skillsOwnershipProactive managementStakeholder engagementTeam collaborationClient retention
Certifications
CPCUARM
