Arch Capital Group Ltd.

Program Management Specialist (P&C Insurance/Underwriting)

Arch Capital Group Ltd.$95K — $166K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Economics, Business, or Risk Management
  • 5-10 years of experience in property and casualty underwriting
  • Demonstrated ability in managing interdisciplinary projects
  • Experience with program management preferred
  • Strong analytical skills with a focus on financial metrics

Responsibilities

  • Drive strategy execution and evaluate financial performance of assigned programs
  • Develop detailed annual financial budgets in collaboration with the Sr. Program Manager
  • Leverage program metrics to identify trends and inform strategic decisions
  • Analyze monthly data to detect outliers and trends relating to program strategies
  • Collaborate with underwriting to ensure alignment on program strategies
  • Analyze key performance indicators against budget expectations
  • Cultivate partnerships with Program Administrators and maintain strong internal relationships

Benefits

  • Multiple medical plans, including dental, vision, and prescription coverage
  • Competitive 401(k) plan with generous matching
  • 20 days of PTO plus 12 paid holidays and 2 days of Volunteer Time Off
  • Basic Life and AD&D Insurance, Short and Long-Term Disability coverage
  • Paid Parental Leave for up to 10 weeks
  • Student Loan Assistance and Tuition Reimbursement
  • Backup Child and Elder Care support
Full Job Description
Position Summary

This role is accountable for driving strategy execution and financial performance for assigned programs by coordinating internal teams and external partners, including MGAs, TPAs, and key service providers. The position oversees all program management activities and collaborates cross-functionally with underwriting, claims, actuarial, finance, IT, compliance, and other Arch partners to deliver strong, sustainable results.

Responsibilities and Accountabilities

This position is responsible for evaluating and ensuring execution of strategies and initiatives for assigned programs and financial results of such programs. Position will be responsible for coordinating activities of a team of internal and external resources that deliver superior program results. External resources include Program Administrators (MGA), Third Party Administrators (TPA) and other service providers (e.g., loss control firms). Arch resources include referral underwriters, claims, corporate underwriting, actuarial, finance, IT, compliance, product,and others as necessary. Responsibilities include all activities necessary to manage program and deliver superior financial results, including the following:

Planning:
  • Work with the Sr. Program Manager to develop detailed annual financial budget that includes key revenue and profit metrics that will be measured against budget throughout the year.
  • Leverage program metrics to identify trends, opportunities and vulnerabilities that will help inform program strategies.

Execution:
  • Evaluate monthly data feeds and results to identify outliers and trends that contradict or bolster documented program strategies.
  • Partner with the underwriting team to ensure alignment on strategies and identify deviations from documented program strategies.
  • Engage Underwriting team to drive specific underwriting initiatives for program.

Measurement:
  • Analyze key performance indicators for top line and bottom line on regular basis and assess versus budget expectations.
  • Share analysis with Senior Program Manager and collaboratively develop plans to address opportunities or issues uncovered in analysis.

Partnering:
  • Develop partnership with Program Administrators business to help drive business priorities.
  • Maintain strong relationships with internal support groups to help drive business priorities.


Required Skills and Abilities
  • Bachelor's degree in Finance, Economics, Business, Risk-management or a related field.
  • 5 -10 years of property and casualty underwriting insurance industry experience.
  • Programs experience or related experiences in people management and/or interdisciplinary projects preferred.


*Position offered will be dependent upon the individual candidate's qualifications.

#LI- Hybrid

#LI-AM3

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.

Base salary of $95,700 - $166,633 + target bonus
  • 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 here 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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