Chicago, IL United States of America, United States of America
Hybrid
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 Summary:
This position is responsible for the submission generation, underwriting and policy issuance of Cyber & Technology Liability accounts with potential to work on Miscellaneous Professional Accounts as well. This will be a hybrid position (3 days onsite) in Chicago, IL.
*Position offered (Senior Underwriter or Underwriting Specialist) will be dependent upon the individual candidate’s qualifications.
Responsibilities and Accountabilities:
Build strong long term profitable relationships with agents, brokers and policy holders.
Evaluate applications and related materials to determine acceptability of risks in accordance with company guidelines and standards. Determine the need for additional evidence of insurability.
Prepare quotes and answer questions from brokers, policyholders or other external contacts and escalate issues to management along with proposed solutions as necessary.
Provide acceptable level of underwriting documentation for all assigned accounts. Be able to articulate underwriting positions and most importantly, reasons for such positions internally and externally.
Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts.
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.
Desired Skills and Abilities:
Strong relationships with wholesale and/or retail Cyber brokers.
Strong interpersonal and communication skills and the ability to work with management at a senior level.
Knowledge of broader MPL classes of business is desirable.
Highly motivated with the ability to work independently or as part of a team.
Strong analytical skills/judgement and mathematical skills.
Effective negotiation skills.
Education and Experience:
3-7 years of professional lines underwriting experience (Cyber preferred)
BA or BS, ideally with a degree/major in Risk Management & Insurance, Cyber Security, Economics, Business, Finance, or Accounting
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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.
$100,000 - $140,000/year + 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.
14400 Arch Insurance Group Inc.