Senior Underwriter/Underwriting Specialist Cyber Liability

Arch Insurance Group Inc.•Dallas, TX

21h•Hybrid

About The Position

This position is responsible for the submission generation, underwriting and policy issuance of Cyber & Technology Liability accounts with potential to work on Miscellaneous Professional Accounts as well. This will be a hybrid position (3 days onsite) in Dallas, TX. Position offered (Senior Underwriter or Underwriting Specialist) will be dependent upon the individual candidate’s qualifications.

Requirements

BA or BS, ideally with a degree/major in Risk Management & Insurance, Cyber Security, Economics, Business, Finance, or Accounting
3-7 years of professional lines underwriting experience (Cyber preferred)

Nice To Haves

Strong relationships with wholesale and/or retail Cyber brokers
Strong interpersonal and communication skills and the ability to work with management at a senior level
Knowledge of broader MPL classes of business is desirable
Highly motivated with the ability to work independently or as part of a team
Independent and innovative thinker with creative problem-solving skills & strategic thinking
Strong analytical skills/judgement and mathematical skills
Effective negotiation skills

Responsibilities

Build strong long term profitable relationships with agents, brokers and policy holders.
Evaluate applications and related materials to determine acceptability of risks in accordance with company guidelines and standards.
Determine the need for additional evidence of insurability.
Participate in underwriting calls with clients and brokers to assess client’s cybersecurity controls.
Prepare quotes and answer questions from brokers, policyholders or other external contacts and escalate issues to management along with proposed solutions as necessary.
Provide acceptable level of underwriting documentation for all assigned accounts.
Be able to articulate underwriting positions and most importantly, reasons for such positions internally and externally.
Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts.
Monitor new business flow, quote ratio and hit ratio from each target agency to monitor variances to plan.
Develop strategies to correct variances with each agency.