Middle Market Commercial Underwriting Intern

archgroup; New York (NY); Hybrid; USD 30,000 - 42,000; Part time

Benefits offered by this job

Arch benefits

Job summary

Arch Insurance Group Inc. invites students to join a hands-on internship in New York City, focusing on risk assessments, pricing, and relationship management within the Middle Market Solutions underwriting team.

You will explore catastrophe modeling and learn under a governance framework with guiding authorities and tools, while supporting policy documentation and credit control. Ideal candidates are current juniors/seniors in related fields with a 3.0+ GPA, strong communication skills, and a

Qualifications

• Actively pursuing a degree in Risk Management & Insurance, Finance, Business, or related field.
• Minimum 3.0 GPA and current Junior or Senior status with graduation between Dec 2027 and May 2028.
• Strong written and verbal communication skills with a willingness to network and attend client events.
• Proficiency in Microsoft Excel, including pivot tables.

Responsibilities

• Observe and assist with risk assessments, pricing evaluations, and relationship management for the MSU underwriting team.
• Support underwriting and evaluation of Natural Catastrophe Accumulation and catastrophe modeling.
• Learn underwriting concepts in line with governance, Underwriting Authorities and Guidelines.
• Learn and use risk selection and pricing tools; assist policy documentation and administration.
• Support completion of policy administration and credit control processes.

Skills

Strong communication

Team player

Self-starter

Entrepreneurial spirit

Networking

Education

GPA 3.0+

Junior/Senior in Risk Mgmt & Insurance or related field

Tools

Excel (Pivot Tables)

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.

About This Internship

Arch’s internship program offers students a unique opportunity to gain hands on experience in the insurance industry. It provides challenging learning experiences that serve as a foundation for interns to explore their career choices and to develop professional skills. Working alongside some of the most talented members of the specialty insurance industry, interns will gain relevant expertise in various aspects of the field, participate in learning activities and receive ongoing feedback.

About This Role

• Observe and assist with risk assessments, pricing evaluations, and relationship management activities for the Middle Market Solutions underwriting team.
• Support team in underwriting and evaluating Natural Catastrophe Accumulation, demonstrating an understanding of catastrophe modeling and interpretation of scenarios.
• Learn concepts of how to underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles.
• Learn and leverage risk selection and pricing tools.
• Support policy documentation and administration.
• Support completion of policy administration and credit control processes.

Qualifications

• Actively completing area of study in Risk Management & Insurance, Finance, Business, Accounting, Industrial Engineering, Mechanical Engineering, or related program.
• Minimum 3.0 GPA or higher.
• College level - current Junior or Senior student, with graduation dates ranging from December 2027 - May 2028.
• Strong written and verbal communication skills, with ability and desire to attend networking and client facing events.
• Proficiency in Microsoft Excel, including pivot tables.
• Entrepreneurial spirit along with the desire to be a continuous learner.
• Team player who collaborates effectively.
• Self-starter who can work independently and deal effectively with multiple tasks/priorities in a fast-paced environment.

Location & Work Arrangement

• The program dates are June 2, 2027 - August 6, 2027.
• This position is classified as a hybrid position. You will work 3 days onsite and 2 days from home.
• This position is located in NYC.
• Relocation and housing assistance is not provided for this role.

Timeline

Arch internship positions will be unposted when filled.

Pay

For individuals assigned to or hired to work in New York City, NY, the hourly rate is $26 as of the time of posting. The breadth in the range exists to accommodate students in specialized programs such as actuarial candidates and graduate students. Any actual rate offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, along with the education & qualifications of the candidate. The above range may be modified in the future. Intern position is eligible for select Arch 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.