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Senior Underwriter – Property
| Company | Arch Capital Group |
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| Location | Chicago, IL, USA |
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| Salary | $96000 – $130000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- Well-developed active listening, problem solving mindset and interpersonal skills for developing and strengthening broker relationships
- Strong communications skill, business writing and oral presentation skills must be excellent
- Well-developed business acumen to understand performance metrics, develop and implement profitable growth strategy within his/her dedicated territory
- Strong organizational skills and ability to work independently
- Sound technology capabilities in Microsoft products such as Excel, Word, and PowerPoint and ability to use and manipulate data
- Knowledge of CAT Modeling parameters (PML, AAL, data quality) to assess an account and a portfolio exposure and calculate a cat rate
- Understanding of the key elements of risk selection and risk assessment, can develop loss estimates, develop and negotiate a risk mitigation plan based on survey reports and place fac reinsurance when necessary
Responsibilities
- Under the guidance of the Regional Property Management and within the company guidelines, develop a profitable book of property insurance business for US domiciled upper middle market and middle market accounts within the region
- Create business plans in collaboration with our Distribution division to achieve targeted production with identified key wholesale brokers. Identify occupancy classes to be targeted with these producers
- Develop and maintain relationships with approved wholesale brokers, including but not limited to travels within the region, prepare and deliver presentations, training on our new products
- Underwrite, maintain, and grow a profitable book of business in the non-admitted property market with wholesale brokers. This includes evaluate and prioritize submissions; analyze exposure, coverage requests; determine acceptable deployment of gross and net capacity, determine pricing and negotiate the final property insurance product on an account basis. Monitor his/her portfolio metrics
- Identify business opportunities to differentiate the company and assist the Regional Property Manager and the Property Operations Management into their development
Preferred Qualifications
- Bachelor’s degree (ideally with a degree/major in Economics, Business, Risk-management or Engineering)
- Additional industry-specific study or designations (such as CPCU & ARM) are a plus
- 3+ years of property experience handling upper middle market and middle market property accounts. This should include 1-2 years experience at a non-admitted carrier as an underwriter
