Senior Underwriter, Middle Market Property

Position Summary

• Underwrite new and renewal business in accordance with Arch business strategy and letter of underwriting authority.
• Effectively negotiate pricing, terms and conditions for all business commensurate with risk quality, prior experience and market conditions.
• Be responsive and decisive in all aspects of managing a given portfolio, geography, etc.
• Develop and maintain meaningful relationships with brokers and Arch colleagues to achieve goals.
• Have three to five years of prior experience in a similar role with accountability for managing a business portfolio.  

Responsibilities    

Underwrite Business Profitably

• Underwrite new and renewal business to achieve top and bottom-line targets.
• Effectively negotiate pricing, terms and conditions with brokers and insureds when necessary.
• Appropriately evaluate and underwrite Natural Catastrophe exposures in accordance with letter of authority and business strategy.

Underwriting Approach and Compliance

• Ensure compliance with pricing tools and business strategy with all exposures accepted and renewed.
• Place and bind facultative reinsurance in accordance with business strategy and contractual obligations of reinsurance partner.
• Utilize appropriate contracts and endorsements in compliance with Department of Insurance for given state (s) where we assume risk.

Policy Documentation and Administration

• Document all underwriting decisions in a timely fashion and with clarity so there is no ambiguity of intent and scope of offering.
• Adhere to file maintenance and quality expectations in accordance with expectations of Chief Underwriting Office.
• Effectively communicate with Operations colleagues to ensure that our work product, policies, etc. are accurate and issued in a timely manner.

Distribution

• Establish sound relationships with Distribution colleagues to meet needs of brokers and insureds seeking Arch solutions.
• Have good knowledge of contracts, commissions and strategies for each broker partner to ensure we live up to our commitments.
• Positively represent Arch Insurance to brokers and the prevailing insurance market by being knowledgeable, communicative and responsive.  

Technical Skills

• Possess knowledge of contracts, underwriting guidelines and authority grant to evaluate and accept risks in concert with business strategy.
• Possess sound understanding of policy administration capabilities and needs to assist efforts to deliver accurate and timely policies to brokers and insureds.

General Skills

• Effectively communicate both verbally and in writing to express ideas and messages to colleagues and customers.
• Possess the ability to persuade and motivate others in a collaborative fashion on behalf of customers.  
• Possess sound analytical skills to absorb information from various sources and in turn analyze data to draw appropriate conclusions in support of  underwriting and business strategy. 

Experience

• Bachelor’s Degree in Economics, Law, or other appropriate discipline
• Progress towards professional insurance qualification (e.g. CII)
• Proven track record in Underwriting profitable business in LoB. Understanding of LoB products and portfolio
• Demonstrable, established relationships with brokers at peer group level
• Good understanding of regional / local LoB insurance markets and competitor landscape
• Understanding of legal and regulatory framework