Key Responsibilities
• Determines the desirability of accepting or rejecting business risks. Prices exposures in accordance with filed and approved rate levels, discretionary pricing mechanisms, and business unit guidelines.
• Identifies the need, recommends and evaluates additional risk assessment information including inspection, financial reports and statements.
• Coordinates individual risk underwriting actions with other departments to assure the highest level of customer satisfaction while meeting production and business goals.
• Performs product development and marketing activities including identifying producer relationships within assigned market to optimize best solutions for distribution, identifies and suggests new and modified products, identifies producers for business/marketing programs, and analyzes producers and market opportunities.
• Maintains ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyze and interpret coverage, explain underwriting requirements and expectations, and present terms.
• Regularly interfaces with customers to provide service and to keep abreast of customer issues.
• Sets ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
Role Requirements
Skills / Competencies
• Planning and product development
• Client relationship management
• Technical and analytical skills
• Regulatory & compliance awareness
• Problem solving, negotiation & decision making
Qualifications
• University degree and professional certification desired with 5-8 years
• Working knowledge and understanding of ISO rating and rules.
Experience
• Minimum 5-6 years relevant experience in an underwriting position in the Contingency Market.
• Demonstrated competence in maintaining broker/client relationships.