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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. On our team, the Underwriters are responsible for marketing to their assigned brokers to bring in opportunities and will work closely within the property product team and package underwriters to drive profitable growth.
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.
Meet or exceed new business production goals while maintaining profitability across assigned portfolio and adhering to authority and strategies.
Work collaboratively with internal stakeholders and brokers to retain key assigned renewals and lead coordination of Risk Services & Claims Service plans for key accounts.
Maintain and develop relationships internally and externally.
Develop, advance & execute against a prospect pipeline with our trading partners, as well as engaging other business units for cross-selling opportunities.
Education and Experience:
Bachelor’s degree
5+ years of Underwriting experience preferably in the Middle Market Monoline Property segment or a Multiline background
Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers
Strong negotiations skills and sales acumen
Invest in local broker and insurance marketplace relationships
Knowledge and understanding of current insurance marketplace conditions
Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority
Understanding of Property Insurance coverage, terms and conditions
Proficiency in Microsoft Office Suite
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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.
$133,300 - $165,900/year + 16% target bonus at the UW Specialist level
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.
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