FreshRemote.Work

Executive Underwriter, Property

Chicago, IL

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 Description (Middle Market - Executive Underwriter)

  • Underwrite new and renewal business in accordance with underwriting guidelines and business strategy.      
  • Negotiate price, terms, and conditions within delegated underwriting authority.
  • Mentor lesser experienced Underwriting colleagues and assist and/or lead training sessions for teammates, as necessary. 
  • Manage majority of key accounts (> $600K) within assigned territory including broker negotiations and service engagements with Claims and Engineering colleagues.                                                             
  • Cultivate meaningful relationships and strategies with key brokers in concert with Distribution colleagues. 
  • Assist CUO and local leadership with annual Business Reviews (audit cross region underwriting files, etc.)   

Technical Skills

  • Risk Assessment and Management:   Demonstrate ability to effectively assess exposures and risk inherent to a given class of business; reconcile a prospect or insured’s unique exposures within the class to determine acceptability.
  • Portfolio Management:   Effectively analyze trends and scenarios for a given portfolio and make necessary adjustments to ensure stability and profitability.   
  • Pricing:   Analyze account and portfolio performance against benchmark pricing (technical price) to ensure our business is adequately priced relative to risk, legal environment, social inflation, etc.
  • Distribution Management:  Stay abreast of changes within broker community both locally and nationally; continually articulate and reinforce our business strategy to achieve alignment with individuals and offices to maximize our results, i.e., achieve profitable growth.     

General Skills

  • Analytical Skills:  Ability to analyze complex data from multiple sources and reconcile details (opportunities or challenges) in a way that ensures good solutions for customers in alignment with our underwriting and pricing discipline. 
  • Communication Skills:  Ability to effectively express ideas and messages in a clear fashion, both written and verbally. Negotiate with others in a professional and constructive fashion. 
  • IT Skills:  Ability to effectively utilize and understand available tools such as Microsoft 365, Microsoft Teams, Excel and intercompany Underwriting platforms. 
  • Influence Skills:  Ability to influence, motivate and persuade others to act and effectively collaborate to deliver on commitments to our customers.       

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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. Apply

Job Profile

Regions

North America

Countries

United States

Benefits/Perks

Collaboration Collaborative culture Innovation Professional development opportunities Remote work option

Tasks
  • Cultivate relationships with brokers
  • Manage key accounts
  • Mentor underwriting colleagues
  • Negotiate price, terms, and conditions
  • Underwrite new and renewal business
Skills

Analytical Collaboration Communication Excel Influence Intercompany Underwriting Platforms IT Microsoft 365 Microsoft Teams Portfolio Management Pricing Risk Assessment Underwriting

Experience

5 years

Education

Engineering

Timezones

America/Anchorage America/Chicago America/Denver America/Los_Angeles America/New_York Pacific/Honolulu UTC-10 UTC-5 UTC-6 UTC-7 UTC-8 UTC-9