Underwriting Manager, Contract Surety
Arch Capital Group•Boston, MA
About The Position
Under direction, the Underwriting Manager, Contract Surety performs underwriting and marketing duties, applying financial analysis, risk assessment, and technical underwriting expertise to evaluate credit quality and underwriting acceptability. The role develops and manages a book of business within an assigned territory, pursues profitable growth, and builds strategic relationships with producers and account principals. It also monitors accounts for compliance with Arch standards and supports regional business planning, budgeting, and internal reporting.
Requirements
- Bachelor’s degree in Finance, Economics, Accounting, Business, or equivalent.
- A minimum of 4 to 10 years of surety underwriting experience and/or equivalent surety-related experience.
- Solid understanding of financial and accounting principles.
- Ability to demonstrate sound business judgment when evaluating the financial condition, experience, credit history, and character of contract accounts.
- Strong communication and organizational skills.
- Ability to multitask and prioritize workload to meet agreed-upon expectations.
- Ability to learn quickly and maintain an open attitude when faced with new problems, processes, or procedures.
- Proficiency in MS Word, Excel, PowerPoint, and Outlook.
Nice To Haves
- AFSB designation.
Responsibilities
- Gather and analyze information using appropriate underwriting techniques to evaluate credit quality and risk acceptability.
- Conduct marketing activities within the assigned territory and manage producers, including premium collection.
- Develop and manage a book of business, meeting or exceeding management’s profitability objectives.
- Build and grow strategic relationships and identify opportunities for new business within the defined territory.
- Meet with account principal owners to assess management acumen, experience, key personnel, organizational depth, and business objectives, involving the branch manager as needed.
- Continuously monitor assigned accounts for compliance with Arch standards and make or recommend corrective actions as needed.
- Correspond with CPAs, bankers, lawyers, architects, subcontractors, and engineers to obtain underwriting information for ongoing risk assessment.
- Assist with internal reporting and preparation and implementation of the regional business plan and budget.
- Develop and maintain strong relationships with assigned producers and cultivate new relationships.
Benefits
- Multiple medical plans, dental, vision, and prescription drug coverage
- Competitive 401(k) with generous matching
- PTO beginning at 20 days per year
- Up to 12 paid company holidays per year
- Two paid days of Volunteer Time Off
- Basic life and AD&D insurance
- Short- and long-term disability
- Paid parental leave of up to 10 weeks
- Student loan assistance
- Tuition reimbursement
- Backup child and elder care
- Incentive eligible
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What This Job Offers
Job Type
Full-time
Career Level
Manager
