Position Summary:This position is responsible for the submission generation, underwriting and policy issuance of Cyber & Technology Liability accounts with potential to work on Miscellaneous Professional Accounts as well.This will be a hybrid position (3 days onsite) in Chicago, IL.
*Position offered (Senior Underwriter or Underwriting Specialist
) will be dependent upon the individual candidate's qualifications.
Responsibilities and Accountabilities:- Build strong long term profitable relationships with agents, brokers and policy holders.
- Evaluate applications and related materials to determine acceptability of risks in accordance with company guidelines and standards. Determine the need for additional evidence of insurability.
- Prepare quotes and answer questions from brokers, policyholders or other external contacts and escalate issues to management along with proposed solutions as necessary.
- Provide acceptable level of underwriting documentation for all assigned accounts. Be able to articulate underwriting positions and most importantly, reasons for such positions internally and externally.
- Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts.
- 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.
Desired Skills and Abilities:- Strong relationships with wholesale and/or retail Cyber brokers.
- Strong interpersonal and communication skills and the ability to work with management at a senior level.
- Knowledge of broader MPL classes of business is desirable.
- Highly motivated with the ability to work independently or as part of a team.
- Strong analytical skills/judgement and mathematical skills.
- Effective negotiation skills.
Education and Experience:- 3-7 years of professional lines underwriting experience (Cyber preferred)
- BA or BS, ideally with a degree/major in Risk Management & Insurance, Cyber Security, Economics, Business, Finance, or Accounting
#LI-Hybrid
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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.
$100,000 - $140,000/year + 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.
