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Senior Underwriter, Executive Assurance
$105k-143k (estimate)
Full Time 2 Weeks Ago
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14400 Arch Insurance Group Inc. is Hiring a Senior Underwriter, Executive Assurance Near Chicago, IL

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℠.

Job Summary

The Senior Underwriter, Growth & Middle Market is responsible for the submission generation, underwriting and policy issuance of Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Fidelity insurance, Kidnap & Ransom and Cyber Liability for entities that meet the GMM account definition within the Central Region.

The Growth & Middle Market department works with privately held companies with annual revenues of less than $1 Billion and publicly traded companies with annual revenues of less than $500 Million.

Job Responsibilities

  • Underwrite and price products, to include financial and exposure analysis

  • Monitor new business flow, quote ratio and hit ratio from each target agency to monitor variances to plan. Develop strategies to correct variances with each agency.

  • Represent Arch and Executive Assurance professionally whether internally or externally at agent offices or industry events.

  • Attendance at meetings with outside company management

  • Policy contract review and rating

  • Claims review

  • Binding of new and renewal accounts according to our underwriting philosophy and strategy

  • Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts. Be able to provide detail as to variances from forecast, include new business results, lost business and pricing changes.

  • Service brokers and customers, to drive new business opportunities via existing relationships as well as where there is no existing relationship; continually prospects for new opportunities.

  • Coaching and developing the more junior underwriters in the region

Required Skills/Experience

  • 2 to 4 years of private company D&O underwriting experience

  • Exemplary oral and written communication skills

  • Analytical, with a keen ability to think through issues

  • Solid understanding of financial statements

  • Strong customer-service focus

  • Ability to develop strong relationships with brokers in order to successfully manage our business which will require travel to producer location or insured location.

  • Able to organize and prioritize to meet multiple demands and commitments

  • Strong work ethic

  • Ability to work independently as a member of a team working to build a profitable book of business

  • Effective negotiation skills

  • Proficient in MS Word, Excel and Outlook

Education

  • Bachelor’s Degree, ideally in Economics, Business, Finance or Accounting

  • RPLU or CPCU designation preferred

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.

Job Summary

JOB TYPE

Full Time

SALARY

$105k-143k (estimate)

POST DATE

08/31/2024

EXPIRATION DATE

10/30/2024

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