Underwriter, Property Facultative

McNeil & Co.; New York (NY); On-site; USD 150,000 - 205,000; Full time

Benefits offered by this job

Medical plans

Dental/vision/prescription coverage

401k with matching

PTO 20 days/year

National holidays 12+2 volunteering

Job summary

Arch Reinsurance Company in New York is seeking an experienced underwriter for Arch Re Fac's underwriting team. The role involves building client relationships, handling submission flow, and underwriting and negotiating transactions across North America and Europe.

The position requires 3-5+ years of property underwriting expertise, a Bachelor's degree (ideally in Risk Management, Economics, or Business), and the potential for travel around 15%.

Qualifications

• Bachelor’s degree (ideally in Risk Management, Economics, or Business) or equivalent training.
• 3-5+ years property insurer or reinsurer underwriting experience.
• Additional industry study and designations (CPCU, ARe) a plus.

Responsibilities

• Underwriters are responsible for developing client relationships and submission flow, as well as underwriting and negotiating the transactions.

Skills

3-5+ years underwriting experience

Team collaboration

Customer-service focus

Negotiation skills

Written & verbal communication

Property underwriting acumen

Computer/technology skills

Desire for learning

Education

Bachelor’s degree in Risk Management/Economics/Business

Industry study/designations (CPCU, ARe) a plus

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.

The Position Arch Re Fac's Underwriters are members of a team spanning the United States, Canada and Europe focused on developing strong, mutually beneficial business relationships with primary insurance company underwriters and brokers. This position will require some domestic travel, approximately 15%.

Responsibilities

• Underwriters are responsible for developing client relationships and submission flow, as well as underwriting and negotiating the transactions.

Required Skills

• 3-5+ years property insurer or reinsurer underwriting experience

Desired Skills

• Proven ability to work as part of a team
• Demonstrated customer-service focus coupled with strong negotiation skills
• Strong Property Underwriting Acumen including an understanding of coverage, risk hazards and policy forms
• Excellent written and verbal communication skills
• Sound Computer/Technology skills
• Desire for continued learning

Education

• Bachelor’s degree (ideally with a degree/major in Risk Management, Economics, or Business) or equivalent training required
• Additional industry-specific study and designations (such as CPCU, ARe) a plus

Compensation

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. $150,000 - $205,000/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.

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
• and more

13100 Arch Reinsurance Company 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.