Underwriting Specialist, Middle Market Solutions, Property
Position Summary
We are looking for a commercial property expert for a Monoline Property underwriting role. This role will include both new business production and renewal management. Our Middle Market Property unit utilizes a proprietary property form and writes ground up, full limit Property structures. As an underwriter, you will be charged with directly underwriting, servicing and growing a book focused on Real Estate, Hospitality, Manufacturing, Healthcare, and Wholesale Distribution business.
Responsibilities and Accountabilities
- Establish relationships with key trading partners and drive submission activity across assigned Brokers.
- Be responsible for profit, growth and retention of assigned book.
- Maintain profitability across assigned portfolio and adhere to authority and strategies.
- Meet or exceed new business production goals.
- Work collaboratively with internal stakeholders and brokers to retain key assigned renewals and lead coordination of Risk Services & Claims Service plans for key accounts.
- Develop, advance & execute against a prospect pipeline with our trading partners, as well as engage other business units for cross-selling opportunities.
Required Skills and Abilities
- Understanding of Property Insurance coverage, terms and conditions.
- Presentation and public speaking skills.
- Strong negotiations skills and sales acumen.
- Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers.
- Knowledge and understanding of current insurance marketplace conditions.
- Proficiency in Microsoft Office Suite.
Education and Experience
- Bachelor’s degree
- 5+ years of Underwriting experience preferably in the Middle Market Monoline Property segment or a Multiline background
- Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority
Benefits
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. $133,300 - $207,000/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 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.