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Job Summary
The Underwriter/Sr. Underwriter, Growth & Middle Market is responsible for the submission generation, underwriting and policy issuance of Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Fidelity insurance, Kidnap & Ransom and Cyber Liability for entities that meet the GMM account definition within the Northeast Region.
The Growth & Middle Market department works with privately held companies with annual revenues of less than $1 Billion and publicly traded companies with annual revenues of less than $500 Million.
Responsibilities
Underwrite and price products, to include financial and exposure analysis
Monitor new business flow, quote ratio and hit ratio from each target agency to monitor variances to plan. Develop strategies to correct variances with each agency.
Represent Arch and Executive Assurance professionally whether internally or externally at agent offices or industry events.
Attendance at meetings with outside company management
Policy contract review and rating
Claims review
Binding of new and renewal accounts according to our underwriting philosophy and strategy
Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts. Be able to provide detail as to variances from forecast, include new business results, lost business and pricing changes.
Service brokers and customers, to drive new business opportunities via existing relationships as well as where there is no existing relationship; continually prospects for new opportunities.
Coaching and developing the more junior underwriters in the region
Education and Experience
2 to 4 years of private or public management liability (D&O, EPL, Fiduciary, K&R, Crime) or Professional Liability underwriting experience
Exemplary oral and written communication skills
Analytical, with a keen ability to think through issues
Solid understanding of financial statements
Strong customer-service focus
Ability to develop strong relationships with brokers in order to successfully manage our business which will require travel to producer location or insured location.
Able to organize and prioritize to meet multiple demands and commitments
Strong work ethic
Ability to work independently as a member of a team working to build a profitable book of business
Effective negotiation skills
Proficient in MS Word, Excel and Outlook
Bachelor’s Degree, ideally in Economics, Business, Finance or Accounting
RPLU or CPCU designation preferred
For individuals assigned or hired to work in California, Colorado, Hawaii, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.
$90,000 - $117,000/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 range may be modified in the future
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