Underwriting Specialist

Underwriting Specialist

Requirements

• A minimum of 3+ years of 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 in line with LoB governance framework – e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles
• Ensure placing and binding of FAC Reinsurance prior to policy inception
• File maintenance – ensure file is established 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, Engineering, 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