Executive Underwriter/Underwriting Manager, Contract Surety

McNeil & Co.; New York (NY); Hybrid; USD 86,000 - 195,000; Full time

Benefits offered by this job

Health plans with dental/vision

401k with matching

PTO 20 days

Paid holidays (up to 12)

Parental leave up to 10 weeks

Student loan assistance

Tuition reimbursement

Backup child and elder care

Job summary

Arch Insurance Group Inc. seeks an Executive Underwriter to provide underwriting and marketing duties with high-level financial analysis and risk assessment to determine credit quality and acceptability.

The role focuses on developing and managing a book of business, cultivating producer relationships, and meeting profitability targets within NY/NJ, with hybrid or remote options and a collaborative culture.

Qualifications

• 5+ years Surety underwriting experience or equivalent preferred.
• AFSB designation preferred.
• Bachelor's degree in Finance, Economics, Accounting, Business or equivalent.

Responsibilities

• Gather and analyze information to evaluate credit quality and risk acceptability.
• Develop and maintain relationships with producers and cultivate new ones.
• Manage a book of business and meet profitability objectives.

Skills

Financial analysis

Communication skills

Multi-tasking

Adaptability

Leadership

Education

AFSB designation

Bachelor's degree

Related work experience

Tools

MS Office

Job description

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.

*Location: Can be Hybrid OR Remote*

Position Summary

Under direction, provide underwriting and marketing duties by imparting high levels of financial analysis, risk assessment and technical underwriting expertise to determine credit quality and underwriting acceptability.

Responsibilities and Accountabilities

• Gather and analyze information, applying appropriate underwriting techniques, necessary to make an accurate evaluation of credit quality & acceptability of risk
• Develop and maintain strong working relationships with assigned producers and cultivate new relationships
• Responsible for developing and managing a book of business, meeting/exceeding profitability objectives as set forth by management.
• This includes building and growing strategic relationships as well as finding opportunity for new business within the defined territory
• Continuously monitor assigned accounts to ensure compliance with Arch standards and make/recommend appropriate corrective actions as needed
• Prepare underwriting submissions, making recommendations and/or decisions within established authority limits
• Assist in internal reporting and preparing/implementing regional business plan and budget
• Perform additional projects as requested by Branch Manager

Required Skills and Abilities

• Solid understanding of financial and accounting principles and the ability to demonstrate sound business judgment in evaluation of the financial condition, experience, credit history and character of contract surety accounts
• Strong oral and written communication and organizational skills
• Ability to multi-task and prioritize workload to meet agreed upon expectations
• Learns quickly and demonstrates an open attitude when faced with new problems, processes, or procedures
• Strong leadership skills

Desired Skills and Abilities

• Strong computer skills including proficiency in Microsoft Office software products

Education and Experience

• 5+ years Surety underwriting experience and/or equivalent surety related experience preferred
• AFSB designation preferred
• Bachelors or higher degree in Finance, Economics, Accounting Business or equivalent preferred
• work experience in a related field

Salary & Compensation

$86,300 - $194,516/year Executive Underwriter, for NY, NJ: $86,300 - $134,011/year Underwriting Manager, for NY, NJ: $133,300 - $194,516/year

Benefits

• 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

About Arch

14400 Arch Insurance Group Inc. Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.