Underwriter/Senior Underwriter, Executive Assurance

Arch Insurance Group Inc. • Chicago, IL

22h • $80,000 - $110,000 • 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/Senior Underwriter - Growth & Middle Market is responsible for the submission generation, underwriting and policy issuance of Directors and Officers Liability, EPL, Fiduciary Liability, Fidelity insurance, K&R, 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 (3 days in office) role in Chicago, IL 60606. Position offered (Underwriter or Senior Underwriter) will be dependent upon the individual candidate’s qualifications.

Requirements

• Ability to develop strong relationships with brokers in order to successfully manage our business which will require travel to producer location or insured location
• Exemplary oral and written communication skills
• Analytical, with a keen ability to think through issues
• Solid understanding of financial statements
• Able to organize and prioritize to meet multiple demands and commitments
• Effective negotiation skills
• Proficient in MS Word, Excel and Outlook
• 2 to 5 years of D&O insurance underwriting
• Bachelor’s Degree, ideally in Economics, Business, Finance or Accounting

Responsibilities

• Underwrite and price new and renewal business, to include financial and exposure analysis
• Attendance at meetings with outside company management
• Building and maintaining productive relationships with agents and brokers
• Policy contract review and rating
• Claims review
• Binding of new and renewal accounts according to our underwriting philosophy and strategy
• Coaching and developing the more junior underwriters in the region

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: Mid Level
• Number of Employees: 501-1,000 employees