Arch Capital Group Ltd.

Executive Underwriter, Commercial Surety

Arch Capital Group Ltd.$115K — $140K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 4+ years of surety underwriting or related experience required.
  • AFSB designation preferred.
  • Strong communication and organizational skills.
  • Solid understanding of financial and accounting principles.
  • Strong computer skills, especially in Microsoft Office products.

Responsibilities

  • Analyze information using underwriting techniques to evaluate credit risk.
  • Build and strengthen relationships with assigned producers and new contacts.
  • Manage a book of business, striving to meet profitability targets.
  • Monitor accounts for compliance with standards, recommending corrective actions if necessary.
  • Prepare underwriting submissions and make decisions within authority limits.

Benefits

  • Multiple medical plans plus dental, vision, and prescription coverage.
  • Competitive 401k with generous matching.
  • Starting PTO of 20 days per year.
  • Up to 12 paid company holidays and 2 paid Volunteer Time Off days.
  • Paid Parental Leave of up to 10 weeks.
  • Student Loan Assistance and Tuition Reimbursement.
  • Backup Child and Elder Care support.
Full Job Description

Position Summary

Partnering with a regional leader, provide underwriting and marketing duties by conducting high levels of financial analysis, risk assessment and utilizing technical underwriting expertise to determine credit quality and underwriting acceptability.

Responsibilities and Accountabilities

  • Gather and analyze information, applying appropriate underwriting techniques, necessary to make an accurate evaluation of credit quality & acceptability of risk
  • Develop and maintain strong working relationships with assigned producers and cultivate new relationships
  • 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
  • Continuously monitor assigned accounts to ensure compliance with Arch standards and make/recommend appropriate corrective actions as needed
  • Prepare underwriting submissions, making recommendations and/or decisions within established authority limits and;
  • Performs additional projects as requested by Regional Lead

Required Skills and Abilities

  • 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
  • Learns quickly and demonstrates an open attitude when faced with new problems, processes, or procedures.
  • Strong computer skills including proficiency in Microsoft Office software products.

Education and Experience

  • Minimum of four years surety underwriting experience and/or equivalent surety related experience required.
  • AFSB designation preferred.

#LI-Remote

#LI-JD1

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

For SF/LA/Seattle: $115,000 - $140,000/year

  • Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.

  • Arch is committed to helping employees succeed through our comprehensive benefits package that includes 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. Click to learn more on available benefits.

14400 Arch Insurance Group Inc.

About Arch Capital Group Ltd.

Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth.
Learn more about Arch Capital Group Ltd.
Size
4,000 employees
Market Cap
$23.1 billion
Industry
Net Income
$1.4 billion
5 Year Trend
+16.3%
Revenue
$8.3 billion

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