Underwriting Manager

Arch Insurance Group Inc.•Chicago, IL

1d•$111,100 - $172,465•Hybrid

About The Position

The Medical Malpractice Underwriting Manager on the Central Miscellaneous Facility team will be responsible for new and renewal business, help the team maintain and grow the book of business, and manage direct reports. This will be a hybrid position in Chicago, IL.

Requirements

Excellent oral and written communication and presentation skills with both internal and external constituents.
Knowledge of Healthcare line of business and Medical Malpractice liability insurance principles.
Understanding of liability insurance policy wording, terms and conditions.
Proven history of effectively assessing risk and making sound underwriting decisions.
Established broker relationships including experience working with both wholesalers and retailers.
Superior skills in relationship building, active listening, needs analysis, and negotiation.
Strong organizational, multi-tasking and time management skills.
Ability to adapt in a rapidly changing environment.
Strong math or financial skills.
Demonstrated leadership, people management and developmental skills.
4-year BA/BS degree, ideally with a major/concentration in Business, Economics or Management
At least 5 years of underwriting experience with a focus on medical malpractice and umbrella liability coverages for various types of healthcare facilities (long term care, hospitals, surgery centers, clinics, labs, home health care, etc.)

Nice To Haves

Experience managing delegated authority programs is plus.
CPCU, RPLU or other insurance course work recommended.

Responsibilities

Underwrite and maintain Healthcare Medical Malpractice new business and renewal accounts.
Develop underwriting solutions, determine insurability, calculate appropriate premium, and thoroughly document files.
Prepare quotations and binds business with a particular emphasis on assessing risk and reaching premium goals as determined by the division head.
Sustain the profitability of our business and meet growth objectives by monitoring submissions received, quote and bind ratios, and renewal retentions.
Develop and maintain strong relationships and credibility with all distribution channels, drive opportunities that meet our underwriting appetite, and effectively communicate underwriting decisions.
Continually develop and share industry knowledge, understand competitor products and offerings, and the excess and surplus lines market.
Contribute recommendations and support to initiatives focused on improving processes, procedures and practices.
Perform analyses using a range of productivity and analytical tools to analyze historical performance and identify opportunities for improvement.
Leads, directs and reviews the work of team members.