Underwriter Position Available In Mecklenburg, North Carolina
Tallo's Job Summary: The Underwriter position at Arch Insurance Group Inc. involves underwriting new and renewal business, negotiating terms, managing accounts, and building relationships with brokers and clients. The role requires 1-3 years of underwriting experience, a degree in a related field, and progress towards professional insurance qualifications. If you enjoy problem-solving and innovation, consider joining Arch.
Job Description
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℠.
Responsibilities:
Underwrite profitable new and renewal business to meet LoB targets Negotiation of participation, pricing and terms and conditions Ownership of accounts / clients Develop and maintain relationships with brokers and clients Underwrite new and renewal accounts to meet top and bottom line targets Negotiate participation, pricing and terms and conditions with brokers Proactively manage capacity Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs) Ensure placing and binding of FAC Reinsurance prior to policy inception Ensure accurate policy documentation issued to broker, or broker has issued documentation File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled Support acquisition of new business and retention of existing business (including client and broker negotiations where necessary) Support market management initiatives Positively represent Arch externally to the market Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, AIRE, Claims, Operations Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Skills:
Risk Assessment and Management:
Ability to assess risk inherent exposures and natural hazards relevant to
LoB Pricing and Market Mgt:
Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
Contract Drafting and Interpretation:
Design, develop and implement consistent, robust wordings
Policy Management:
Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
Communication skills:
Clearly and effectively express ideas and messages via speech or writing.
Influencing skills:
Ability to persuade and motivate others to act, without executive authority
Analytical Skills:
Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions. IT skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word.
Experience:
1-3 years proven track record in Underwriting profitable business in LoB. Understanding of LoB products and portfolio Demonstrable, established relationships with brokers at peer group level Good understanding of regional / local LoB insurance markets and competitor landscape Understanding of legal and regulatory framework
Education/Certification:
Preferably a degree in Risk Management and Insurance, Business, Economics, Law, or other appropriate discipline Progress towards professional insurance qualification (e.g.
CPCU, ARM
) Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team. 14400 Arch Insurance Group Inc.