Underwriter, Executive Assurance

Arch Capital Group • Chicago, IL

93d • $85,000 - $118,000 • Hybrid

About The Position

The Underwriter / Senior 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 Central Region. 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. This will be a hybrid (2 days) onsite in Chicago, IL. Position offered will be dependent upon the individual candidate's qualifications.

Requirements

• 1 to 5 years of public D&O underwriting experience
• Exemplary oral and written communication skills
• Analytical, with a keen ability to think through issues
• Solid understanding of financial statements
• Strong customer-service focus
• 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

Nice To Haves

• RPLU or CPCU designation preferred

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
• Claims review
• 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.
• Coaching and developing the more junior underwriters in the region.

Benefits

• Base salary range of $85,000 - $118,000/year
• Incentive eligible position
• Total individual compensation includes base salary, short & long-term incentives
• Compensation considers geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree