Senior Underwriter, Middle Market Solutions

Arch Insurance Group Inc.; Houston (TX); Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Healthcare plan

401k with company match

PTO 20 days

Paid holidays

Volunteer Time Off

Life and AD&D

Short/Long-Term Disability

Parental Leave

Student Loan Assistance

Tuition Reimbursement

Backup Child/Elder Care

Job summary

Arch Insurance Group Inc. is seeking a Senior Underwriter for Middle Market P&C in a hybrid role based in Dallas, TX or Alpharetta, GA with travel for broker needs. Manage broker relationships and underwrite new and renewal accounts to meet profitability targets.

Requires 2+ years MM P&C underwriting, strong risk assessment and market analysis, and ability to draft robust policy wordings. Competitive benefits package offered.

Qualifications

• 2+ years of Commercial Property & Casualty (MM P&C) underwriting experience.
• Undergraduate degree required; economics/finance/insurance management/business preferred.
• Established relationships with brokers at peer level within MM P&C market.
• Specialized understanding of regional/local insurance markets and competitors.

Responsibilities

• Manage broker portfolio to achieve profitability and growth.
• Underwrite new and renewal accounts to meet targets.
• Negotiate price and terms with producers.
• Serve as a technical expert in the MM P&C product line.
• Ensure placing and binding of FAC Reinsurance prior to policy inception.
• Develop relationships with brokers/agents in territory for new business or renewals.
• Handle complex referrals and re-underwrite as needed.
• Coordinate with MMC, ARC, Claims, and Operations in underwriting process.

Skills

Risk assessment

Pricing & market

Contract drafting

Policy management

Communication

Influencing

Analytical skills

Education

Undergraduate degree

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.

Position Summary

The Senior Underwriter will develop and maintain strong relationships with brokers and serve as a specialized technical expert for Middle Market P&C Accounts. This will be a hybrid position in Dallas, TX or Alpharetta, GA with a minimum of 20% travel for broker/production needs.

Responsibilities and Accountabilities

• 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 producer.
• Specialist / Technical Expert in Product Line within Middle Market Business.
• Ensure placing and binding of FAC Reinsurance prior to policy inception.
• Proactively develop relationships with brokers and agents assigned within the territory to either pursue new business acquisition and / or large renewal retention.
• Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate.
• Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations.

Required Skills and Abilities

• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to MM P&C.
• Pricing and Market Mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs.
• Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings.
• Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
• Communication skills: Clearly and effectively express ideas and messages via speech or writing.
• Influencing Skills: Ability to persuade and motivate others to act, without executive authority.
• Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions.

Education and Experience

• A minimum of 2+ years of Commercial Property & Casualty (General Liability, Umbrella, Commercial Auto, Property, Workers Compensation) Underwriting experience. Middle Market experience is preferred.
• Undergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferred.
• Recognized established relationships with brokers at peer group level and within market.
• Specialized understanding of regional / local insurance markets and competitor landscape.

Arch is committed to helping employees succeed through our comprehensive benefits package that includes 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; and more.

14400 Arch Insurance Group Inc.