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 P&C Underwriting experience with a preference for Middle Market exposure.
  • Undergraduate degree in Economics, Finance, Insurance Management, or Business Administration.
  • Strong existing relationships with brokers at a peer level in the market.
  • Deep understanding of local insurance markets and competitive landscape.
  • Proven skills in risk assessment and management relevant to Middle Market P&C.
  • Effective communication and influencing abilities to motivate stakeholders.
  • Strong analytical skills for data interpretation and decision making.

Responsibilities

  • Manage a portfolio of broker accounts to optimize profitability and growth.
  • Underwrite new and renewal accounts to align with corporate financial targets.
  • Negotiate pricing and contractual terms with producers.
  • Act as a technical expert in specialized product lines within Middle Market Business.
  • Ensure timely placement and binding of FAC Reinsurance before policy starts.
  • Build and nurture relationships with brokers for new business and renewals.
  • Oversee complex referrals from underwriters, conducting re-underwriting as necessary.
  • Engage various functional areas in the underwriting process, ensuring collaboration.

Benefits

  • Multiple medical plans including dental, vision, and prescription coverage.
  • Competitive 401k with generous matching contributions.
  • Starting PTO of 20 days with up to 12 paid holidays plus additional volunteer days.
  • Basic Life and AD&D Insurance along with Short and Long-Term Disability coverage.
  • Paid Parental Leave of up to 10 weeks.
  • Student Loan Assistance and Tuition Reimbursement offered.
  • Backup Child and Elder Care services available.
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 here to learn more on available benefits.

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.

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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