Underwriting Specialist, Middle Market Excess

Arch Insurance Group Inc.; Virginia; Remote; USD 110,000 - 160,000; Full time

Job summary

Arch Insurance Group Inc. seeks an experienced professional to underwrite and manage a portfolio of Umbrella and Excess Liability accounts. The role focuses on risk assessment, pricing negotiations, and ensuring contract certainty while maintaining strong broker and client relationships.

Location flexibility includes Florida or Virginia with remote work options. The ideal candidate has 4+ years in underwriting Umbrella & Excess, deep product knowledge, and established broker connections.

Qualifications

• 4+ years of underwriting profitable Umbrella & Excess Liability.
• Specialized expert understanding of Umbrella and Excess Liability.
• Established broker relationships in the marketplace.
• Experience in a complex, global matrix organization.

Responsibilities

• Grow and profitably manage Brokers within the Territory.
• Own accounts; negotiate participation, pricing and terms.
• Develop and maintain relationships with brokers and clients.
• Lead for Unsupported Umbrella & Excess Liability.
• Manage broker portfolio to drive profitability and growth.
• Use global pricing tools for consistent pricing.
• Ensure accurate policy documentation.
• Maintain and update file records for each risk.

Skills

Risk assessment

Pricing

Contract drafting

Policy management

Communication

Influencing

Analytical skills

Education

Bachelors in Economics/Finance/Insurance Mgmt/Business

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

This position requires an experienced professional to underwrite and manage a portfolio of Umbrella and Excess Liability accounts to drive profitability and growth. The role involves assessing risks, negotiating pricing, and ensuring contract certainty while maintaining strong relationships with brokers, clients, and other stakeholders. The selected candidate can be located in Florida or Virginia remote.

Responsibilities and Accountabilities

• Responsible for growth and profitability of the Brokers within the Territory
• Ownership of accounts including negotiation of participation, pricing and terms and conditions
• Develop and maintain strong relationships with brokers and clients
• Specialized technical expertise / lead for Unsupported Umbrella & Excess Liability
• Manage assigned broker portfolio of accounts to achieve efficient returns of profitability and growth
• Ensure utilization of global pricing tools
• Ensure accurate policy documentation issued to producers or producers have issued documentation (where producer responsibility)
• File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
• Manage complex referrals from underwriters and re-underwrite complex business as appropriate
• Participate in cross regional activities as required / requested including and not limited to cross collaboration with Middle Market Package, Excess Construction, Excess National Accounts

Required Skills and Abilities

• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Umbrella & Excess Liability.
• Pricing and Market Management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
• Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings
• Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
• Communication skills: Clearly and effectively express ideas and messages via speech or writing with both internal and external stakeholders. Ability to "sell" an improvised or prepared audience winning story. Possesses strong negotiation skills.
• Influencing skills: Ability to persuade and motivate others to act, without executive authority
• Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions.

Education and Experience

• 4+ years of experience in Underwriting profitable business in Umbrella & Excess.
• Specialized expert understanding of Umbrella and Excess Liability
• Recognized relationships with brokers at peer group level and well established within marketplace
• Experience working in complex, global matrix organization
• Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration

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.