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.
#LI-Remote
#LI-AM3
For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.
$133,753 - $180,959/year
Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
Click here to learn more on available benefits.
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14400 Arch Insurance Group Inc. ApplyJob Profile
Collaboration Incentive eligible Innovation Short & long-term incentives
Tasks- Assist with business reviews
- Cultivate relationships with brokers
- Manage key accounts
- Mentor underwriting colleagues
- Negotiate price, terms, and conditions
- Underwrite new and renewal business
Analytical Audit Collaboration Communication Distribution management Excel Influence Intercompany Underwriting Platforms IT Leadership Microsoft 365 Microsoft Teams Portfolio Management Pricing Risk Assessment Talent Acquisition Underwriting
Education TimezonesAmerica/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