Underwriting Manager, Contract Surety

McNeil & Co.; Boston (MA); On-site; USD 133,000 - 207,000; Full time

Benefits offered by this job

Medical plans

Dental coverage

Vision coverage

Prescription drug coverage

401k with matching

PTO 20 days/year

Holidays

Volunteer Time Off

Life and AD&D Insurance

Short/Long-Term Disability

Parental Leave

Student Loan Assistance

Tuition Reimbursement

Backup Child/Elder Care

Job summary

Arch Insurance Group Inc. is seeking an experienced underwriter to provide underwriting and marketing support. You will analyze financials, assess risk, and determine credit quality to guide underwriting decisions while developing a book of business in the assigned territory.

The role involves building strategic relationships, managing producers, and achieving profitability targets. Strong communication and MS Office skills are essential.

Qualifications

• Underwriting and marketing duties with high levels of financial analysis, risk assessment and technical underwriting expertise.
• Ability to gather and analyze information to evaluate credit quality and risk.
• Proficiency in client marketing, relationship management and territory development.
• Experience with budgeting, reporting and regional planning processes.
• AFSB designation preferred.

Responsibilities

• Gather and analyze information to evaluate credit quality and risk.
• Prepare and conduct marketing activities within assigned territory/agencies.
• Manage producers within territory including premium collection.
• Develop and manage a book of business to meet profitability objectives.
• Build and grow strategic relationships and pursue new business.
• Meet with principal owners to assess management and objectives with branch involvement.
• Monitor accounts to ensure compliance with Arch standards and recommend actions.
• Communicate with CPAs, bankers, lawyers and engineers to secure underwriting detail.
• Support internal reporting and regional business plan execution.
• Develop and maintain strong relationships with producers and cultivate new ones.

Skills

Financial & accounting principles

Communication

Organization

Multitasking

Quick learner

Education

Bachelor's degree in Finance, Economics, Accounting, Business or equivalent

AFSB designation preferred

Tools

MS Word

Excel

PowerPoint

Outlook

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

Under direction, provide underwriting and marketing duties by providing 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.
• Prepare and conduct marketing activities within assigned territory/agencies
• Manage producers within territory including premium collection.
• 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.
• Meet with principal owners of the account to assess their general management acumen, past experience, work experience of key personnel, depth of organization and desired work objectives with branch manager’s involvement as needed.
• Continuously monitor assigned accounts to ensure compliance with Arch standards and make/recommend appropriate corrective actions as needed.
• Correspond with CPAs, bankers, lawyers, architects, subcontractors and engineers to secure additional underwriting detail, as needed, to assess risk on preliminary and ongoing basis.
• Assist in internal reporting and preparing/implementing regional business plan and budget.
• Develop and maintain strong working relationships with assigned producers and cultivate new relationships.

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 accounts.
• Strong 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.
• Proficient in MS Word, Excel, PowerPoint, Outlook.

Education and Experience

• Bachelors in Finance, Economics, Accounting, Business or equivalent.
• A minimum of 4 to 10 years surety underwriting experience and/or equivalent surety related experience required.
• AFSB designation preferred.

Position is incentive eligible.

Salary and Benefits

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.

$133,300 - $207,000/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.

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. 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.

Attention Job Seekers: Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. Please be vigilant to fraudulent activity if you receive a communication or email asking you to submit any personal information. Do not send money or pass any details to someone suggesting they can provide employment with Arch. You should only enter your information into our official career portal. Please know the following about our interviewing and hiring practices. We never make job offers without a formal, in person, interview process. We never ask you to send money of any kind.