4+ years of experience in Underwriting Umbrella & Excess Liability
Expert knowledge of Liability products and portfolio
Established relationships with brokers at a peer group level
Strong grasp of local and regional insurance markets
Understanding of legal and regulatory frameworks
Experience in a global matrix organization
Degree in Economics, Finance, Insurance Management, or Business Administration preferred
Professional insurance qualification preferred
Responsibilities
Drive growth and profitability for assigned brokers within the territory
Negotiate pricing and terms for accounts under management
Provide training and development for junior underwriters
Cultivate strong relationships with brokers and clients
Lead specialist initiatives for Unsupported Umbrella & Excess Liability accounts
Underwrite new and renewal accounts to meet profitability targets
Ensure compliance with underwriting governance and tools
Benefits
Comprehensive medical, dental, vision, and prescription drug coverage
Competitive 401k plan with generous matching
20+ days of paid time off per year
Up to 12 paid company holidays plus 2 paid volunteer days
Paid Parental Leave of up to 10 weeks
Tuition reimbursement and Student Loan Assistance
Backup child and elder care support
Life and disability insurance coverage
Full Job Description
Position Summary
This position requires an experienced professional to underwrite and manage a portfolio of Umbrella and Excess Liability accounts to drive profitability and growth. The role involves assessing risks, negotiating pricing, and ensuring contract certainty while maintaining strong relationships with brokers, clients, and other stakeholders.
Responsibilities and Accountabilities
Responsible for growth and profitability of the Brokers within the Territory
Ownership of accounts including negotiation of participation, pricing and terms and conditions
Training and development resource for Underwriters & Senior Underwriters
Develop and maintain strong relationships with brokers and clients
Specialized technical expertise / lead for Unsupported Umbrella & Excess Liability
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 producers
Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, Global MSU, Underwriting Guidelines, Rules and Principles
Ensure utilization of global pricing tools
Ensure accurate policy documentation issued to producers or producers have issued documentation (where producer responsibility)
File maintenance - ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
Proactively develop relationships with brokers and agents assigned within the territory to either pursue new business acquisition and / or strong renewal retention
Manage complex referrals from underwriters and re-underwrite complex business as appropriate
Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
Participate in cross regional activities as required / requested including and not limited to cross collaboration with Middle Market Package, Excess Construction, Excess National Accounts
Required Skills and Abilities
Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Umbrella & Excess Liability.
Pricing and Market Management: 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 with both internal and external stakeholders. Ability to "sell" an improvised or prepared audience winning story. Possesses strong negotiation skills.
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.
Project Managing multiple accounts, opportunities and processes to meet deadlines, ensure responsiveness, and maintain positioning in market.
Education and Experience:
4+ years of experience in Underwriting profitable business in Umbrella & Excess.
Specialized expert understanding of Liability products and portfolio
Recognized relationships with brokers at peer group level and well established within marketplace
Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements
Good understanding of legal and regulatory framework
Experience working in complex, global matrix organization
Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration
Completion of professional insurance qualification preferred.
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 Denver: $111,100 - $172,465/year For San Fran/LA: $123,400 - $191,628/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 here 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.
