Underwriting Manager, Contract Surety

Arch Capital; Boston (MA); On-site; USD 133,000 - 207,000; Full time

Benefits offered by this job

Medical plans

Dental & vision

401k matching

Paid time off

Holidays & volunteer time off

Life & AD&D insurance

Parental leave

Student loan assistance

Backup care

Job summary

Arch Insurance Group Inc. is seeking an experienced Underwriter to provide underwriting and marketing support, conducting high-level financial analysis and risk assessment to determine credit quality and underwriting acceptability.

The role involves gathering information, performing evaluations, and supporting regional business plans. You will meet with principals and brokers, manage a book of business, and strive to exceed profitability objectives while ensuring compliance with Arch standards.

Qualifications

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

Responsibilities

• Gather and analyze information to evaluate credit quality and risk.
• Prepare marketing activities and manage producers within territory.
• Develop and manage a book of business to meet profitability objectives.
• Meet with principal owners to assess management and objectives.
• Monitor accounts for Arch standards and advise on corrective actions.
• Coordinate with CPAs, bankers, lawyers and engineers for underwriting detail.
• Assist in regional planning and budgeting.
• Develop and maintain relationships with producers and cultivate new ones.

Skills

Financial analysis

Credit evaluation

Underwriting

Communication

MS Office

Education

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

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.

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

Click here to learn more on available benefits.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn't the right fit but you're interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.

14400 Arch Insurance Group Inc.