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Arch Insurance Group Inc. · 3 weeks ago

Underwriting Specialist/Underwriting Manager

United States

Full-time

Remote

Mid, Senior Level

$125K/yr - $145K/yr

3+ years exp

Arch Insurance Group Inc. is a company focused on collaboration, expertise, and innovation to help clients achieve their potential. The Underwriting Specialist/Manager role involves technical underwriting, account management, and client management for casualty group captive programs, aiming to maintain and grow business relationships.

FinanceFinancial ServicesInsurance

H1B Sponsor Likely

Responsibilities

Solicits and reviews new and renewal account information required to evaluate a risk

Identifies all potential exposures and hazards in relation to coverage requested and individual and program risk characteristics

Assesses insurance and related financial risk in order to structure appropriate captive programs to effectively protect against frequency, severity, catastrophic and credit risk

Engage other internal resources as necessary

Underwrites, prices and prepares proposals within authority and with necessary input of Arch Actuarial, Credit and Alt Market team

Prepares program binders and presents to captive manager/producer and or prospective insured

Coordinates all administrative duties related to existing and prospective accounts

Quarterbacks all pre and post bind activities including policy production, compliance issues, audits and adjustments, legal agreements, receipt of collateral, legal agreement execution, TPA coordination and any other related items

Together with internal team members, takes responsibility to deliver promised service to customers

Responsible for the renewal and retention management and manages the renewal process to achieve targeted retention and price change goals

Initiates, coordinates and conducts a mid term account review

Develops and maintains relationships with producers and insured's to achieve overall production and profitability goals

Meets with producers and insureds to discuss individual account issues, uncover critical customer needs and financial buying characteristics

Develops a strategic plan for positioning and selling Arch at both the producer and the insured level

Engages and introduces other team members or management team as appropriate

Develops and maintains relationships with producers to generate a flow of qualified submissions

Responsible for all underwriting and policy file documentation which is in compliance with Arch's internal audit process

Completes ad hoc projects as assigned by management

Qualification

Technical UnderwritingAccount ManagementClient ManagementWorkers Compensation knowledgeLoss Sensitive ProgramsExcess & Surplus LinesCaptive Programs knowledgeExposure IdentificationCross Functional KnowledgeCPCU designationExcelWordPowerPoint

Required

Understanding and knowledge of the intent, scope and purpose of the Workers Compensation, General Liability, and Automobile coverage forms and endorsements with the ability to tailor to the sold captive program design

Possess a thorough understanding of loss sensitive programs, excess & surplus lines programs

An understanding of captive programs is desired, but not required. This would include products, pricing, expensing, actuarial loss projecting techniques, retention and aggregate setting, limit profiles, ALAE, credit risk, and effective utilization of facultative reinsurance

Understanding and knowledge of exposure identification and analysis

Possess a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal. Knowledge of regulatory and compliance issues

Bachelor's degree or equivalent training required

Three (3) to Five (5) years underwriting experience and/or experience in the Loss Sensitive, Excess & Surplus marketplace, or captive insurance marketplace

Proficiency with Excel, Word and PowerPoint

Preferred

CPCU or other similar designation a plus

Established broker or captive program relationships not necessary

Benefits

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

Short and Long-Term Disability

Paid Parental Leave of up to 10 weeks

Student Loan Assistance and Tuition Reimbursement

Backup Child and Elder Care

Company

Arch Insurance Group Inc.

Arch Insurance Group Inc., a division of Arch Capital Group Ltd. (ACGL), is a market-leading specialty insurer.

Founded in 2002

Jersey City, New Jersey, USA

1001-5000 employees

https://insurance.archgroup.com

H1B Sponsorship

Arch Insurance Group Inc. has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (18)

2024 (18)

2023 (10)

2022 (10)

2021 (8)

2020 (3)