Arch Capital Group Ltd.

Underwriting Specialist, Middle Market Excess

Arch Capital Group Ltd.  •  $111k - $172k/yr  •  San Francisco, CA (Hybrid)  •  6 days ago
Apply
AI can make mistakes so check important info. Chat history is never stored.

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℠.

This position requires an experienced professional to underwrite and manage a portfolio of Umbrella and Excess Liability accounts to drive profitability and growth. The role involves assessing risks, negotiating pricing, and ensuring contract certainty while maintaining strong relationships with brokers, clients, and other stakeholders. This will be a hybrid position offered in Denver, San Fran, or LA.

Responsibilities and Accountabilities:

  • Responsible for growth and profitability of the Brokers within the Territory

  • Ownership of accounts including negotiation of participation, pricing and terms and conditions

  • Training and development resource for Underwriters & Senior Underwriters

  • Develop and maintain strong relationships with brokers and clients

  • Specialized technical expertise / lead for Unsupported Umbrella & Excess Liability

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

  • Negotiate price and terms and conditions with producers

  • Ensure accurate policy documentation issued to producers or producers have issued documentation (where producer responsibility)

  • File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled

  • Proactively develop relationships with brokers and agents assigned within the territory to either pursue new business acquisition and / or strong renewal retention

  • Manage complex referrals from underwriters and re-underwrite complex business as appropriate

  • Participate in cross regional activities as required / requested including and not limited to cross collaboration with Middle Market Package, Excess Construction, Excess National Accounts

Required Skills and Abilities:

  • Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Umbrella & Excess Liability.

  • Pricing and Market Management: 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 with both internal and external stakeholders. Ability to "sell" an improvised or prepared audience winning story. Possesses strong negotiation skills.

  • 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.

  • Project Managing multiple accounts, opportunities and processes to meet deadlines, ensure responsiveness, and maintain positioning in market.

Education and Experience:

  • 3+ years of experience in Underwriting profitable business in Umbrella & Excess.

  • Specialized expert understanding of Liability products and portfolio

  • Recognized relationships with brokers at peer group level and well established within marketplace

  • Specialized understanding of regional / local insurance markets and competitor landscape, including global elements

  • Good understanding of legal and regulatory framework

  • Experience working in complex, global matrix organization

  • Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration

  • Completion of professional insurance qualification preferred.

#LI-Hybrid

#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.

$111,100 - $172,465 base + 16% target bonus

  • 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.

  • 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.

For Colorado Applicants - The deadline to submit your application is:

March 30, 202614400 Arch Insurance Group Inc.

Arch Capital Group Ltd.

About Arch Capital Group Ltd.

Arch is a leading global insurer with operations in more than a dozen countries. We write insurance, reinsurance and mortgage insurance on a worldwide basis, with corporate headquarters in Bermuda.

Our customers value us as an innovative partner and dependable risk manager with decades of fresh ideas and solid results. Since our formation in 2001, Arch has grown organically, by building capacity in diverse lines of insurance, and through targeted acquisitions of businesses that enhance our offerings and fit our culture.

We see our employees as our greatest asset and we’re deeply committed to doing what’s right for our people and the communities where we live and work. That’s why we offer what matters to our expanding, diversifying team — from a collaborative and creative environment, to professional growth opportunities and forums to advocate for one another and spark change.

As a corporation, we support initiatives to improve housing, education and equity around the world. At the same time, we encourage our employees to give to the causes that matter to them by providing Volunteer Time Off and Matching Gifts programs.

Whether you’re looking for an insurance solution, a place to grow your career or simply to better understand what we offer our shareholders, we’re glad you’re here.

ATTENTION JOB SEEKERS

Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously.

If you receive a communication or email, please be vigilant to fraudulent activity asking you to submit any personal information. DO NOT send money or share any details with someone suggesting they can provide employment with Arch. Your information should only be entered into our official job portal.

Please know the following about our interviewing and hiring practices:

We never make job offers without a formal interview process. We never ask you to send money of any kind.

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
Bermuda (Pembroke, BM
Year Founded
Unknown
Social Media