Executive Underwriter, Casualty

Arch Insurance Group Inc.; Hoffman Estates (IL); On-site; USD 97,000 - 132,000; Full time

Job summary

A leading insurance company seeks an Executive Underwriter specializing in Casualty. This role involves underwriting profitable business, ideally suited for candidates with expertise in Umbrella/Excess Liability. Candidates will be responsible for negotiating terms, team training, and strategy execution, expecting a salary range of $97,100 to $131,130 annually.

Qualifications

• In-depth understanding of Umbrella/Excess Liability products required.
• Established relationships with brokers at peer group level.
• Experience in regional/local Umbrella/Excess Liability insurance markets preferred.

Responsibilities

• Underwrite new and renewal business to meet portfolio targets.
• Negotiate terms and conditions with clients and stakeholders.
• Train and develop junior underwriters.

Skills

Risk Assessment and Management

Portfolio Management

Pricing

Market Management

Analytical Skills

Communication & Presentation

IT skills (Office applications)

Influencing skills

Education

Degree in Economics, Finance, Insurance Management, or Business Administration

Job description

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Arch Insurance Group Inc. provided pay range

This range is provided by Arch Insurance Group Inc.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$97,100.00/yr - $131,130.00/yr

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Responsibilities:

• Underwrite profitable new and renewal business to meet Umbrella/Excess Liability portfolio targets in accordance with underwriting guidelines and underwriting authority.
• Negotiate price, terms and conditions.
• Training and development of team and referral point for senior underwriters.
• Develop and maintain strong relationships with producers, clients, and relevant stakeholders (e.g. risk managers) in partnership with Market Management, ownership of large / key accounts and clients including negotiation of participation, pricing, terms and condition.
• Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
• Proactively manage capacity
• Contribute to development and execution of regional Underwriting strategy for Umbrella/Excess Liability regionally.
• Policy Documentation and Administration Ensure accurate policy documentation issued to producers (where Arch responsibility to do so) or producers has issued documentation (where producer responsibility)
• File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled.
• Proactively support completion of policy administration and credit control processes
• Training, developing and coaching of experienced staff (including Senior Underwriters).
• Manage complex referrals from underwriters 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. Claims, Operations.
• Deep knowledge of commercial lines products, the regulatory environment, and the local insurance market.
• Participate / contribute to key projects
• Participate in cross regional activities as required / requested including and not limited to cross collaboration with Middle Market Package, Excess Construction, Excess National Accounts
  
  

Skills:

• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Umbrella/Excess Liability.
• Portfolio Management: Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented.
• Pricing: Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance
• Market Management: Apply the knowledge of how the market operates and functions, the business needs and customer needs
• Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
• Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story. Possesses strong negotiation skills.
• IT skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word, Outlook
• Influencing skills: Ability to persuade and motivate others to act, without executive authority
  
  

Requirements:

• In depth understanding of Umbrella/Excess Liability products and portfolio
• In depth understanding of regional / local Umbrella/Excess Liability insurance markets and competitor landscape
• Demonstrable, established relationships with brokers at peer group level and well established within local market
  
  

Preferably degree in Economics, Finance, Insurance Mgmt., or Business Administration

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.

$97,100 - $131,130/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.
  
  

Click here to learn more on available benefits.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14400 Arch Insurance Group Inc.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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