Underwriting Specialist, Middle Market Solutions

Posted 5 Days Ago
Be an Early Applicant
2 Locations
In-Office or Remote
Mid level
Financial Services
The Role
Evaluate and underwrite new and renewal middle-market P&C accounts to drive profitable growth. Negotiate pricing and terms with producers, manage catastrophe accumulation, ensure contract certainty and reinsurance placement, maintain policy documentation and files, support policy administration and credit control, and train junior staff. Market-facing role with broker meetings (20% travel).
Summary Generated by Built In

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℠.

Position Summary:

The Underwriter role is responsible for driving profitable growth through the evaluation and underwriting of new and renewal accounts. This position involves close collaboration with producers to negotiate pricing, terms, and conditions, while proactively managing capacity and ensuring compliance with governance frameworks and underwriting guidelines. This is a market-facing position so expected to be meeting with brokers in the territory (20% minimum).

Responsibilities and Accountabilities:

  • Underwrite new and renewal accounts to meet top and bottom line targets

  • Negotiate price and terms and conditions with producers

  • Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios for relevant Lines of Business (WC, GL, Property, Commercial Auto, etc.)

  • Ensure contract certainty is achieved on all accounts at time of inception

  • Ensure placing and binding of FAC Reinsurance prior to policy inception

  • Policy Documentation and Administration

  • 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

  • Training, developing and coaching of less experienced staff (including Underwriters)

Education and Experience:

  • A minimum of 3+ years of direct experience in Packaged P&C Underwriting profitable business

  • Specialized expert understanding of Packaged P&C accounts - WC, GL, Property, Commercial Auto, etc.

  • Recognized relationships with brokers at peer group level and well established within market & the ability to travel 20%

  • Preferably a degree in Economics, Finance, Insurance Management, or Business Administration

  • Professional insurance qualification (e.g. CPCU) is a plus

#LI-JG1

#LI-Hybrid

Arch is committed to helping employees succeed through our comprehensive benefits package that includes 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; and more. Click here to learn more on available benefits.

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.

Skills Required

  • Minimum 3+ years of direct experience in Packaged P&C underwriting (profitable business).
  • Specialized expert understanding of Packaged P&C accounts (WC, GL, Property, Commercial Auto).
  • Established broker relationships at peer group level and ability to travel at least 20%.
  • Degree in Economics, Finance, Insurance Management, or Business Administration.
  • Professional insurance qualification (e.g., CPCU).
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The Company
HQ: Hamilton
285 Employees
Year Founded: 2001

What We Do

Arch Capital Group Ltd. (Arch Capital or ACGL), a Bermuda public limited liability company, writes insurance and reinsurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe and Australia, with a focus on specialty lines. Arch Capital Services LLC is owned by ACGL and provides corporate, legal and other support services to Arch Capital. ACGL provides insurance, reinsurance and mortgage insurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe, Australia and Hong Kong.

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