Arch Capital Group Ltd.

Senior Underwriter, Middle Market Solutions

Arch Capital Group Ltd.$90K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years of Commercial Property & Casualty Underwriting experience, preferably in Middle Market
  • Undergraduate degree in Economics, Finance, Insurance Management, or Business Administration
  • Established relationships with brokers at peer group level
  • Specialized understanding of regional/local insurance markets
  • Proficiency in risk assessment and management

Responsibilities

  • Manage broker portfolio to achieve profitability and growth
  • Underwrite new and renewal accounts to meet financial targets
  • Negotiate pricing and terms with producers
  • Serve as a technical expert in Middle Market business
  • Ensure timely placement and binding of FAC Reinsurance
  • Develop relationships with brokers for new business and renewals
  • Manage complex referrals and re-underwrite complex business

Benefits

  • Multiple medical plans with dental, vision, and prescription coverage
  • 401k with generous matching
  • 20+ days of PTO annually
  • 12 paid company holidays plus 2 paid volunteer days
  • Short and Long-Term Disability Insurance
  • Paid Parental Leave of up to 10 weeks
  • Student Loan Assistance and Tuition Reimbursement
  • Backup Child and Elder Care
Full Job Description

Position Summary:

The Senior Underwriter will develop and maintain strong relationships with brokers and serve as a specialized technical expert for Middle Market P&C Accounts. This will be a hybrid position in Dallas, TX or Alpharetta, GA with a minimum of 20% travel for broker/production needs.

Responsibilities and Accountabilities:

  • 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 producer.

  • Specialist / Technical Expert in Product Line within Middle Market Business.

  • Ensure placing and binding of FAC Reinsurance prior to policy inception.

  • Proactively develop relationships with brokers and agents assigned within the territory to either pursue new business acquisition and / or large renewal retention.

  • Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate.

  • Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations.

Required Skills and Abilities:

  • Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to MM P&C.

  • Pricing and Market Mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs.

  • Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings.

  • Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.

  • 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.

Education and Experience:

  • A minimum of 2+ years of Commercial Property & Casualty (General Liability, Umbrella, Commercial Auto, Property, Workers Compensation) Underwriting experience. Middle Market experience is preferred.

  • Undergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferred.

  • Recognized established relationships with brokers at peer group level and within market.

  • Specialized understanding of regional / local insurance markets and competitor landscape.

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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.

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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