Underwriting Manager

Arch Insurance Group Inc.; Chicago (IL); Hybrid; USD 111,000 - 172,000; Full time

Job summary

Arch Insurance Group Inc. in Chicago, IL seeks a Medical Malpractice Underwriting Manager to lead a Central Miscellaneous Facility team on a hybrid basis. The role covers new and renewal healthcare malpractice business, premium calculations, and file documentation.

You will develop broker relationships, drive profitability, and mentor a team while leveraging industry knowledge of excess and surplus markets. A BA/BS and 5+ years in underwriting are desired.

Qualifications

• At least 5 years of underwriting experience in medical malpractice.
• Experience with umbrella liability for healthcare facilities.
• Strong communication and leadership skills.

Responsibilities

• Underwrite and maintain Healthcare Medical Malpractice new business and renewal accounts.
• Prepare quotations and binds business with emphasis on risk assessment and premium goals.
• Develop and maintain relationships with distribution channels and communicate underwriting decisions.
• Stay informed on excess and surplus lines markets and industry knowledge.
• Support process improvements and analyze performance for opportunities.
• Lead, direct and review work of team members.

Skills

Underwriting

Communication

Risk assessment

Relationship building

Leadership

Time management

Negotiation

Financial math

Adaptability

Education

BA/BS in Business/Economics/Management

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 Medical Malpractice Underwriting Manager on the Central Miscellaneous Facility team will be responsible for new and renewal business, help the team maintain and grow the book of business, and manage direct reports. This will be a hybrid position in Chicago, IL.

Responsibilities and Accountabilities

• Underwrite and maintain Healthcare Medical Malpractice new business and renewal accounts. Develop underwriting solutions, determine insurability, calculate appropriate premium, and thoroughly document files.
• Prepare quotations and binds business with a particular emphasis on assessing risk and reaching premium goals as determined by the division head. Sustain the profitability of our business and meet growth objectives by monitoring submissions received, quote and bind ratios, and renewal retentions.
• Develop and maintain strong relationships and credibility with all distribution channels, drive opportunities that meet our underwriting appetite, and effectively communicate underwriting decisions.
• Continually develop and share industry knowledge, understand competitor products and offerings, and the excess and surplus lines market.
• Contribute recommendations and support to initiatives focused on improving processes, procedures and practices.
• Perform analyses using a range of productivity and analytical tools to analyze historical performance and identify opportunities for improvement.
• Leads, directs and reviews the work of team members.

Required Skills and Abilities

• Excellent oral and written communication and presentation skills with both internal and external constituents.
• Knowledge of Healthcare line of business and Medical Malpractice liability insurance principles.
• Understanding of liability insurance policy wording, terms and conditions.
• Proven history of effectively assessing risk and making sound underwriting decisions.
• Established broker relationships including experience working with both wholesalers and retailers.
• Superior skills in relationship building, active listening, needs analysis, and negotiation.
• Strong organizational, multi-tasking and time management skills.
• Ability to adapt in a rapidly changing environment.
• Strong math or financial skills.
• Demonstrated leadership, people management and developmental skills.

Desired Skills and Abilities

• Experience managing delegated authority programs is plus.
• CPCU, RPLU or other insurance course work recommended.

Education/Experience

• 4-year BA/BS degree, ideally with a major/concentration in Business, Economics or Management
• At least 5 years of underwriting experience with a focus on medical malpractice and umbrella liability coverages for various types of healthcare facilities (long term care, hospitals, surgery centers, clinics, labs, home health care, etc.)

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.

$111,100 - $172,465/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.
• 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.