Senior Underwriting Team Leader

Posted 10 Days Ago
Be an Early Applicant
2 Locations
124K-167K Annually
Senior level
Financial Services
The Role
Lead a team of underwriters, manage a portfolio of business, mentor team members, ensure compliance with underwriting guidelines, and build broker relationships.
Summary Generated by Built In

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 Description:

  • Lead a team of underwriting professionals to effectively manage a portfolio of new and renewal business in accordance with our strategy and profitability goals.

  • Underwrite profitable new and renewal business to meet Umbrella/Excess Liability portfolio targets in accordance with underwriting guidelines and underwriting authority.

  • Mentor and lead team in negotiating pricing, terms and conditions commensurate with risk quality and loss experience.

  • Build and sustain meaningful broker relationships for given territory with consistent visibility and accessibility to these trading partners. 

  • Augment training conducted by Chief Underwriting Office to ensure team members are knowledgeable and capable in their respective roles. 

  • Effectively manage referrals from team members within your grant of underwriting authority in a decisive and timely fashion.

  • Source and hire new employees as needed and consistently performance manage team members to develop their skills for larger responsibilities. 

Primary Responsibilities:

  • Mentor and develop team members to profitably underwrite and manage their portfolio. 

  • Underwrite new and renewal accounts to meet top and bottom line targets within Umbrella Excess Casualty.

  • Ensure that underwriting decisions comply with our governance framework including underwriting authority, pricing tools and rules and regulations mandated by Department of Insurance personnel. 

  • Stay apprised of changing market conditions to both seize opportunities and/or minimize risk in alignment with profitability goals. 

  • In parallel with Distribution colleagues, represent Arch Underwriters, Inc. in a positive and professional manner while expecting the same from team members. 

  • Establish positive working relationships both externally with broker and insureds while also maintaining positive relationship with colleagues in Operations, Engineering and Claims to meet or exceed customer expectations. 

  • Motivate and inspire team members to be students of the Property/Casualty business while also modeling a culture where learning and development is core value. 

General Skills:

  • In depth understanding of Umbrella/Excess Liability products and portfolio.

  • Communication & Presentation – ability to express ideas and messages in a clear and concise fashion both written and verbal. 

  • Influence Skills – ability to persuade and motivate others to be prepared and decisive in their day to day work.

  • Leading Others – ability to effectively lead others and delegate assignments while holding people accountable for positive results. 

  • Technical Knowledge – have the requisite knowledge and skills to utilize pricing tools and underwriting authority to make informed and appropriate decisions leading to profitable results. 

  • 7 to 10+ years of P&C underwriting experience with a minimum of 5 in the Umbrella Excess Underwriting space.

Education:

  • Four-year college degree, preferably in Business, Economics or Legal. 

#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.

$123,600-$166,900

  • 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.

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.

14400 Arch Insurance Group Inc.

Top Skills

Insurance Regulations
Pricing Tools
Property/Casualty Underwriting
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The Company
HQ: White Plains, NY
285 Employees
On-site Workplace
Year Founded: 2001

What We Do

Arch Capital Group Ltd. (Arch Capital or ACGL), a Bermuda public limited liability company, writes insurance and reinsurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe and Australia, with a focus on specialty lines. Arch Capital Services LLC is owned by ACGL and provides corporate, legal and other support services to Arch Capital.

ACGL provides insurance, reinsurance and mortgage insurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe, Australia and Hong Kong.

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