Underwriting Specialist, Middle Market Solutions

Arch Insurance Group Inc.; United States; Hybrid; USD 111,000 - 172,000; Full time

Benefits offered by this job

Medical plans

Dental & vision

401k matching

PTO

Company holidays

Volunteer Time Off

Life Insurance

Disability Insurance

Parental Leave

Student Loan Assistance

Tuition Reimbursement

Backup Child/Elder Care

Job summary

Arch Insurance Group Inc. is seeking an Underwriting Specialist to drive profitable growth through evaluating and underwriting new and renewal accounts. This role collaborates with producers to negotiate pricing, terms, and conditions, while managing capacity and governance compliance.

The position can be 100% remote or hybrid in Minnesota and involves meeting with brokers in the territory. The position requires 3+ years of underwriting experience, preferably in Commercial Packaged Property and

Qualifications

• Specialized expert understanding of Commercial Packaged Property and Casualty.
• Well established relationships with brokers at peer group level.
• Strong knowledge of regional/local insurance markets and global elements.

Responsibilities

• Underwrite new and renewal accounts to meet top and bottom line targets.
• Negotiate price and terms with producers.
• Ensure contract certainty at inception.
• Utilize global pricing tools.
• Ensure binding of FAC Reinsurance before inception.
• Issue accurate policy documentation or validate producer-issued docs.
• Maintain risk files electronically or on paper.
• Support policy administration and credit control processes.
• Coach and develop less experienced staff.

Skills

Commercial P&C expertise

Broker relationships

Regional market knowledge

Education

Economics/Finance/Insurance/Business degree

CPCU (preferred)

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:

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. Click to learn more on available benefits.

14400 Arch Insurance Group Inc.