Underwriting Specialist, Middle Market Solutions

Sacbar; Northern (KY); Hybrid; USD 111,000 - 172,000; Full time

Benefits offered by this job

Medical, dental, vision and Rx

401k with generous match

PTO 20 days + 12 holidays

Parental leave and life insurance

Job summary

Arch is seeking an experienced Underwriting Specialist to drive profitable growth through evaluation and underwriting of new and renewal accounts. The role involves collaboration with producers to negotiate pricing and terms while managing capacity and ensuring compliance with governance and underwriting guidelines.

It can be remote or hybrid in MN and will involve meeting with brokers in the territory. The ideal candidate has 3+ years of underwriting experience, a degree in a relevant field,

Qualifications

• 3+ years of direct underwriting experience in profitable business.
• Degree preferred in Economics, Finance, Insurance Management or Business Administration.
• Professional insurance qualification (e.g. CPCU) is a plus but not required.

Responsibilities

• Underwrite new and renewal accounts to meet targets.
• Negotiate price and terms with producers.
• Ensure contract certainty at inception.
• Utilize global pricing tools.
• Place and bind FAC Reinsurance prior to policy inception.
• Ensure accurate policy documentation issued to producers.
• Maintain files for each risk and transaction.
• Support policy administration and credit control processes.
• Train, develop and coach less experienced staff.

Skills

Commercial Packaged Property & Casualt

Broker relationships

Regional market knowledge

Education

Bachelor’s degree in Economics/Finance/Insurance/Business

CPCU designation (preferred)

Job description

Position Summary:

The Underwriting Specialist is responsible for driving profitable growth through the evaluation and underwriting of new and renewal accounts. This position involves close collaboration with producers to negotiate pricing, terms, and conditions, while proactively managing capacity and ensuring compliance with governance frameworks and underwriting guidelines. This candidate can sit 100% remote or hybrid in MN. This is a market-facing role so expected to be meeting with brokers in the territory (MN).

Responsibilities and Accountabilities:

• Underwrite new and renewal accounts to meet top and bottom line targets
• Negotiate price and terms and conditions with producers
• Ensure contract certainty is achieved on all accounts at time of inception
• Ensure utilization of global pricing tools
• Ensure placing and binding of FAC Reinsurance prior to policy inception
• Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility)
• File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
• Proactively support completion of policy administration and credit control processes
• Training, developing and coaching of less experienced staff (including Underwriters)

Required Skills and Abilities:

• Specialized expert understanding of Commercial Packaged Property and Casualty
• Recognized relationships with brokers at peer group level and well established within market
• Specialized understanding of regional / local insurance markets and competitor landscape, including global elements

Education and Experience:

A minimum of 3+ years of direct experience in Underwriting profitable business. Preferably a degree in Economics, Finance, Insurance Management, or Business Administration. Professional insurance qualification (e.g. CPCU) is a plus, but not required.

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.

For Minnesota, Wisconsin, Illinois, Indiana: $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.