AVP, Property Underwriting

Overview

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℠.

Responsibilities And Accountabilities

• Develop a profitable non-admitted property insurance portfolio for U.S. middle and upper middle market accounts in the Northeast region, under the guidance of Northeast Region Property management and within company guidelines.
• Create business plans in collaboration with Distribution to achieve targeted production with identified key wholesale brokers. Identify occupancy classes to target with these producers.
• Develop and maintain relationships with approved wholesale brokers, including travel within the region, delivering presentations, and training on new products.
• Underwrite, maintain and grow a profitable book of business in the non-admitted property market with wholesale brokers; evaluate and prioritize submissions, analyze exposure and coverage requests, determine deployment of capacity, set pricing, and negotiate the final property insurance product on an account basis.
• Monitor portfolio metrics and identify opportunities to differentiate the company.

Required Skills And Abilities

• Well-developed active listening, problem solving and interpersonal skills for developing and strengthening broker relationships.
• Strong communications skills, business writing and oral presentation skills.
• Well-developed business acumen to understand performance metrics and develop and implement profitable growth strategy within the dedicated territory.
• Shared and layered property account experience and experience negotiating Manuscript forms.
• Strong organizational skills and ability to work independently.
• Proficiency in Microsoft Excel, Word, PowerPoint and the ability to manipulate data.
• Knowledge of CAT Modeling parameters (PML, AAL, data quality) to assess account and portfolio exposure and calculate a CAT rate.
• Understanding of risk selection and risk assessment; ability to develop loss estimates, negotiate risk mitigation plans based on survey reports and place facultative reinsurance when necessary.
• Proven E&S property experience in the region.

Education And Experience

• Bachelor\'s degree (ideally in Economics, Business, Risk-management or Engineering).
• Additional industry-specific study or designations (such as CPCU & ARM) are a plus.
• 6+ years of property experience handling upper middle market and middle market property accounts, including at least 5 years at a non-admitted carrier as an underwriter.

Compensation and Benefits

$120,000 - $220,000 + 15% target bonus. Total compensation will consider location, scope and responsibilities, qualifications, and business needs. The pay range may be modified in the future.

• Arch is committed to helping employees succeed through a comprehensive benefits package including multiple medical plans, dental, vision and prescription drug coverage; a 401k with matching; PTO starting at 20 days per year; up to 12 paid company holidays per year plus 2 paid Volunteer Time Off days; life and AD&D insurance; Short and Long-Term Disability; Paid Parental Leave up to 10 weeks; Student Loan Assistance and Tuition Reimbursement; Backup Child and Elder Care; and more.

For individuals assigned to work in the indicated location(s), base salary range is provided and position is incentive eligible.

14400 Arch Insurance Group Inc.

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