Renewal Underwriting Specialist – Middle Market Solutions
| Company | Arch Capital Group |
|---|---|
| Location | Washington, USA, San Francisco, CA, USA, Nevada, USA, Arizona, USA |
| Salary | $107900 – $145700 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Mid Level, Senior |
Requirements
- A minimum of 4+ years or Commercial Property & Casualty Underwriting experience. Middle Market experience is preferred
- Recognized established relationships with brokers at peer group level and within market
- Specialized understanding of regional / local insurance markets and competitor landscape
- Good understanding of legal and regulatory framework
- Undergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferred
- Completion of professional insurance qualification (e.g. CPCU) is preferred
Responsibilities
- 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
- Proactively manage capacity
- Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)
- Specialist / Technical Expert in Product Line within Middle Market Business
- Underwrite International Insurance Programs (for relevant LoBs)
- Underwrite in line with LoB governance framework – e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
- Ensure placing and binding of FAC Reinsurance prior to policy inception
- 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 large renewal retention
- Acquisition of new business and retention of existing business including client and broker negotiations
- Training, developing and coaching of less experienced staff (including Underwriters)
- Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
- Delegate work as appropriate
- Positively represent Arch externally to the market
- Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Preferred Qualifications
- Middle Market experience is preferred
- Completion of professional insurance qualification (e.g. CPCU) is preferred