Underwriting Manager, Contract Surety

Arch Insurance Group Inc.; Boston (MA); On-site; USD 133,000 - 207,000; Full time

Benefits offered by this job

Medical plans

Dental & Vision

401(k) with company match

Paid time off & holidays

Parental Leave

Job summary

Arch Insurance Group Inc. is seeking an experienced underwriter to deliver high-level financial analysis, risk assessment, and technical underwriting to determine credit quality and acceptability.

You will gather information, analyze risk, and conduct marketing within the territory while managing producers and premiums. Responsibilities include growing a profitable book of business, meeting clients to assess objectives, and coordinating with CPAs, bankers, lawyers and engineers to obtain

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting or business.
• 4–10 years surety underwriting experience or equivalent.
• AFSB designation preferred.

Responsibilities

• Gather and analyze information to evaluate credit quality and risk.
• Prepare and conduct marketing activities; manage producers within territory; collect premiums.
• Develop and manage a profitable book of business and build strategic relationships.
• Meet with account owners to assess management and objectives with branch involvement as needed.
• Monitor accounts to ensure compliance with Arch standards and take corrective actions.
• Collaborate with CPAs, bankers, lawyers, architects, subcontractors and engineers to secure underwriting details.
• Assist in internal reporting and regional business planning and budgeting.
• Develop and maintain strong relationships with producers and cultivate new referrals.

Skills

Financial analysis

Risk assessment

Communication skills

Organizational skills

MS Office

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.

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.