Underwriting Specialist, Middle Market Solutions

Posted yesterday

mcneilSaint Paul (MN)

SENIORITY

Senior

SALARY

$111,100 per year

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About the role

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: The Underwriting Specialist is responsible for driving profitable growth through the evaluation and underwriting of new and renewal accounts. This position involves close collaboration with producers to negotiate pricing, terms, and conditions, while proactively managing capacity and ensuring compliance with governance frameworks and underwriting guidelines. This candidate can sit 100% remote or hybrid in MN. This is a market-facing role so expected to be meeting with brokers in the territory (MN). Responsibilities and
Accountabilities: Underwrite new and renewal accounts to meet top and bottom line targets Negotiate price and terms and conditions with producers Ensure contract certainty is achieved on all accounts at time of inception Ensure utilization of global pricing tools Ensure placing and binding of FAC Reinsurance prior to policy inception Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility) File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled Proactively support completion of policy administration and credit control processes Training, developing and coaching of less experienced staff (including Underwriters)
Required Skills and Abilities: Specialized expert understanding of Commercial Packaged Property and Casualty Recognized relationships with brokers at peer group level and well established within market Specialized understanding of regional / local insurance markets and competitor landscape, including global elements
Education and Experience: A minimum of 3+ years of direct experience in Underwriting profitable business Preferably a degree in Economics, Finance, Insurance Management, or Business Administration Professional insurance qualification (e.g. CPCU) is a plus, but not required Salary &
Compensation: 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 Minnesota, Wisconsin, Illinois, Indiana: $111,100 - $172,465/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.
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 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 14400 Arch Insurance Group Inc. Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.

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