Senior Underwriter, Construction

Location: New York, NY, USA (10007)
Company: Arch Capital Group Ltd.
Salary: $133,753/Yr
Industry: Construction
Job Type: Full Time
Posted: 57 days ago
The Position The Senior Underwriter within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty programs. Job Responsibilities Technical Underwriting.

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 risk characteristics Assesses insurance and related financial risk and structures appropriate loss sensitive program to effectively protect against frequency, severity, catastrophic and credit risk Engage other internal resources as necessary Underwrites prices and prepares proposals based on objective and subject risk characteristics, input of internal resource team, existing product set and regulatory filings Prepares final quotation/proposal and presents to producer and/or prospective insured Coordinates all administrative duties related to existing and prospective accounts. Account Management. Quarterbacks all 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. Sales and Marketing. Develops and maintains relationships with producers and insured's to achieve overall productions 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. Administrative.

Responsible for all underwriting and policy file documentation Completes ad hoc projects as assigned by management personnel. Required Skills/Experience. Understanding and knowledge of the intent, scope and purpose of the Workers Compensation, General Liability, Automobile coverage forms and endorsements with the ability to tailor to the sold program design Possess a thorough understanding of all loss sensitive programs including products, pricing, expensing, actuarial loss projecting techniques, retention and aggregate setting, limit profiles, ALAE, 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 Knowledge of Arch's product set Excellent communication skills - written, verbal and presentation Sales and Negotiation skills Be able to provide leadership and support to other team members Ability to perform multiple tasks simultaneously Have the ability to influence without authority and be willing to work in a collaborative and team environment Highly proficient in Microsoft Excel, Work, Outlook, and PowerPoint.

Desired Skills/Experience. Seven (7) plus years of underwriting experience, preferably in the construction industry Established broker relationships within the Northeast Region would be ideal. Education. For individuals assigned or hired to work in, the base salary range is USD $133,753.00/Yr. to USD $180,959.00/Yr.

as of the time of posting. Position is incentive eligible 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 range may be modified in the future.

Click here to learn more on available benefits The Company Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, and Australia, providing specialty risk solutions to clients worldwide across a wide range of industries.

With nearly 20 years of operating history and strong financial ratings, our track record remains solid. Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions.

Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence