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Position Summary:
The Underwriter/Senior Underwriter* - Growth & Middle Market is responsible for the submission generation, underwriting and policy issuance of Directors and Officers Liability, EPL, Fiduciary Liability, Fidelity insurance, K&R, and Cyber Liability for entities that meet the GMM account definition within the Central Region. The Growth & Middle Market department works with privately held companies with annual revenues of less than $1 Billion and publicly traded companies with annual revenues of less than $500 Million. This will be a hybrid (3 days in office) role in Chicago, IL 60606.
*Position offered (Underwriter or Senior Underwriter) will be dependent upon the individual candidate’s qualifications.
Responsibilities and Accountabilities:
Underwrite and price new and renewal business, to include financial and exposure analysis
Attendance at meetings with outside company management
Building and maintaining productive relationships with agents and brokers
Policy contract review and rating
Claims review
Binding of new and renewal accounts according to our underwriting philosophy and strategy
Coaching and developing the more junior underwriters in the region
Required Skills and Abilities:
Ability to develop strong relationships with brokers in order to successfully manage our business which will require travel to producer location or insured location
Exemplary oral and written communication skills
Analytical, with a keen ability to think through issues
Solid understanding of financial statements
Able to organize and prioritize to meet multiple demands and commitments
Effective negotiation skills
Proficient in MS Word, Excel and Outlook
Education and Experience:
2 to 5 years of D&O insurance underwriting
Bachelor’s Degree, ideally in Economics, Business, Finance or Accounting
#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.
For Chicago: Base salary of $80,000 - $110,000 plus 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.
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