Underwriter, Executive Assurance

Arch Insurance Group Inc. • New York, NY

2d • $85,000 - $105,000 • Hybrid

About The Position

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 Underwriter, Growth & Middle Market is responsible for the submission generation, underwriting and policy issuance of Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Fidelity insurance, Kidnap & Ransom and Cyber Liability for entities that meet the GMM account definition within the Northeast Region. This will be a hybrid role (2 days onsite) in NY, NY 10036. The Growth & Middle Market department works with privately held companies with annual revenues of less than $1 Billion and publicly traded companies with annual revenues of less than $500 Million.

Requirements

• 1-2 years of private D&O underwriting experience.
• Exemplary oral and written communication skills.
• Analytical, with a keen ability to think through issues.
• Solid understanding of financial statements.
• Ability to develop strong relationships with brokers in order to successfully manage our business which will require travel to producer location or insured location.
• Able to organize and prioritize to meet multiple demands and commitments.
• Ability to work independently as a member of a team working to build a profitable book of business.
• Effective negotiation skills.
• Proficient in MS Word, Excel and Outlook.
• Bachelor’s Degree, ideally in Economics, Business, Finance or Accounting

Nice To Haves

• RPLU or CPCU designation preferred but not required

Responsibilities

• Underwrite and price products, to include financial and exposure analysis.
• 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.
• Represent Arch and Executive Assurance professionally whether internally or externally at agent offices or industry events.
• Attendance at meetings with outside company management.
• Policy contract review and rating.
• Binding of new and renewal accounts according to our underwriting philosophy and strategy.
• Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts.
• Be able to provide detail as to variances from forecast, include new business results, lost business and pricing changes.
• Service brokers and customers, to drive new business opportunities via existing relationships as well as where there is no existing relationship; continually prospects for new opportunities.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level