Underwriting Specialist, Middle Market Solutions

Arch Insurance Group Inc. • Los Angeles, CA

122d • $107,900 - $167,555

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℠.

Requirements

• A minimum of 3+ years of direct experience in underwriting profitable business in LoB
• Specialized expert understanding of sub-LoB products and portfolio
• Recognized relationships with brokers at peer group level and well established within market
• Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements
• Preferably a degree in Economics, Finance, Insurance Management, or Business Administration
• Completion of professional insurance qualification (e.g. CPCU)

Responsibilities

• Underwrite profitable business
• Underwrite new and renewal accounts to meet top and bottom line targets
• Negotiate price and terms and conditions with producers
• Proactively manage capacity
• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LOBs)
• Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
• Ensure contract certainty is achieved on all accounts at time of inception
• Ensure utilization of global pricing tools
• Ensure placing and binding of FAC Reinsurance prior to policy inception
• Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility)
• File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
• Proactively support completion of policy administration and credit control processes
• Contribute to development and execution of regional Underwriting strategy for LoB regionally
• Training, developing and coaching of less experienced staff (including Underwriters)
• Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate

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

• Education Level: Bachelor's degree