Underwriting Specialist, Package

Arch Insurance Group Inc.; Kentucky; On-site; USD 115,000 - 181,000; Full time

Job summary

A leading insurance provider in Kentucky is looking for an experienced underwriter to manage profitable new and renewal business. The ideal candidate will have over 3 years of Commercial Property & Casualty underwriting experience, with strong relationship management skills and a detailed understanding of the insurance market. Responsibilities include negotiations, managing broker portfolios, and developing client relationships. Competitive pay and comprehensive benefits packages are provided.

Benefits

Comprehensive benefits package

401k with generous matching

Paid Parental Leave

Student Loan Assistance

Qualifications

• 3+ years of Commercial Property & Casualty Underwriting experience, preferably in middle-market.
• Recognized relationships with brokers.
• Good understanding of legal and regulatory framework.

Responsibilities

• Underwrite profitable new and renewal business to meet targets.
• Manage assigned broker portfolio for profitability.
• Negotiate pricing and terms with producers.

Skills

Commercial Property & Casualty Underwriting

Relationship Management

Negotiation Skills

Technical Expertise

Education

Undergraduate degree in Economics, Finance, Insurance Management, or Business Administration

Completion of professional insurance qualification (e.g. CPCU)

Job description

Overview

Arch Insurance Group Inc. provided pay range. This range is provided by Arch Insurance Group Inc.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range: $115,753.00/yr - $180,959.00/yr. 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℠.

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. Salary information: $115,753 - $180,959/year. 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 here to learn more on available benefits.

Key Responsibilities

• Underwrite profitable new and renewal business to meet LoB targets regionally including global elements
• Ownership of large accounts / clients including negotiation of participation, pricing and terms and conditions
• Training and development resource for Underwriters & Senior Underwriters
• Develop and maintain strong relationships with brokers and clients
• Specialized technical expertise / lead for at least one sub-LoB, Industry, or Product Line such as General Liability, Umbrella, Commercial Auto, Commercial Property, Workers Compensation

Additional Responsibilities

• Manage assigned broker portfolio of accounts to achieve efficient returns of profitability and growth
• Underwrite new and renewal accounts to meet top and bottom line targets
• Negotiate price and terms and conditions with producers
• Proactively manage capacity
• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)
• Specialist / Technical Expert in Product Line within Middle Market Business
• Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles
• Ensure placing and binding of FAC Reinsurance prior to policy inception
• File maintenance – ensure file is established and maintained for each risk and transaction handled
• Proactively develop relationships with brokers and agents assigned within the territory to pursue new business acquisition and/or large renewal retention
• Acquisition of new business and retention of existing business including client and broker negotiations
• Training, developing and coaching of less experienced staff (including Underwriters)
• Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
• Delegate work as appropriate
• Positively represent Arch externally to the market
• Proactively drive involvement of functional areas in Underwriting process, including MMC, Engineering, Claims, Operations
• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)

Qualifications

• 3+ years of Commercial Property & Casualty Underwriting experience. Middle-market experience is preferred
• Recognized established relationships with brokers at peer group level and within market
• Specialized understanding of regional / local insurance markets and competitor landscape
• Good understanding of legal and regulatory framework
• Undergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferred
• Completion of professional insurance qualification (e.g. CPCU) is preferred

Other information

Position is full-time. The job posting includes information on referrals, location preferences (e.g., Ohio, United States), and related job openings. We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.