Underwriting Manager, Contract Surety

Arch Insurance Group Inc. • Boston, MA

1d • $133,300 - $207,000 • Hybrid

About The Position

Under direction, the Underwriting Manager provides underwriting and marketing support through financial analysis, risk assessment, and technical underwriting expertise to determine credit quality and underwriting acceptability. The role develops and manages a book of business, supports profitability objectives, and builds strategic relationships with producers and account principals within an assigned territory. The position also contributes to regional business planning, budgeting, reporting, and ongoing account oversight.

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 and ability to exercise 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 demonstrate an open attitude when faced with new problems, processes, or procedures.
• Proficiency in Microsoft Word, Excel, PowerPoint, and Outlook.

Nice To Haves

• AFSB designation preferred.

Responsibilities

• Gather and analyze information using appropriate underwriting techniques to evaluate credit quality and risk acceptability.
• Prepare and conduct marketing activities within an assigned territory and agencies; manage producers within the territory, including premium collection.
• Develop and manage a book of business and meet or exceed management-set profitability objectives, including growing strategic relationships and identifying new business opportunities within the territory.
• Meet with account principal owners to assess management acumen, past experience, key personnel, organizational depth, and desired work objectives, involving the branch manager as needed.
• 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 additional underwriting details for preliminary and ongoing risk assessment.
• Assist with internal reporting and the preparation and implementation of the regional business plan and budget.
• Develop and maintain strong working relationships with assigned producers and cultivate new relationships.

Benefits

• Multiple medical plans, dental, vision, and prescription drug coverage.
• Competitive 401(k) with generous matching.
• Paid time off 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 coverage.
• Paid parental leave of up to 10 weeks.
• Student loan assistance.
• Tuition reimbursement.
• Backup child and elder care.

What This Job Offers

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