Underwriting Director

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℠.

The Company

Arch Re is a well-capitalized, leading diversified insurer that focuses on supplying significant capacity to the global reinsurance marketplace. We have the worldwide reach, agility and resources to support ceding companies capitalizing on changing market conditions and new opportunities in various lines and geographic areas around the globe. A subsidiary of Arch Capital Group Ltd., Arch Re has been recognized by clients around the globe for providing expert underwriting, skilled claims management, outstanding service and world-class product offerings.

The Position

Arch Re Casualty Facultative (ARCF) is a production underwriting team spanning the United States and Canada focused on developing strong, mutually-beneficial business relationships with primary insurance company underwriters and reinsurance brokers.

 

An ARCF Underwriting Director is a motivated, analytical and detail-oriented professional.  An Underwriting Director participates in managing the Arch Re portfolio of individual risk and program business in the US Casualty reinsurance marketplace.  The position targets several lines of business requiring the utilization of numerous Facultative pricing practices and negotiation skills.  In addition to having strong analytical skills and experience in Microsoft Excel, an Underwriting Director is eager to interact internally within a team setting, as well as engage extensively with brokers and direct clients.  An Underwriting Director is also open to learning actuarial techniques, contract wording specifics and database analysis. The position reports directly to the Managing Director of Arch Re Casualty Facultative and requires 20%-30% travel.  

Responsibilities

• Develop direct client and broker relationships at all levels
• Build and manage submission flow
• Underwrite and negotiate profitable Casualty Facultative transactions, both new and renewal
• Execute preliminary analysis of potential business opportunities and swiftly determine profitability and acceptability based on corporate guidelines and standards
• Perform all aspects of the underwriting analysis process from preparing submission data provided by the client/broker for pricing to producing underwriting files, reports, presentations, referrals, etc
• Prepare reinsurance documents (broker slips, binders, certificates, endorsements, bordereaus, etc.) and ensure all file documentation complies with underwriting, authority, and audit standards
• Proactively and independently seek out previously undetected, current, or future exposures and market trends and propose and implement robust, comprehensive solutions
• Act as liaison and point of contact for both operational and underwriting inquiries from both new and tenured employees
  
  

Required Skills And Experience

• Bachelor’s degree (ideally with a degree/major in Economics, Business, Finance, or Accounting) or equivalent training required
• Additional industry-specific study and designations (CPCU, ARe) a plus
  
  

Desired Skills And Experience

• Proven ability to work as part of a highly productive team
• Strong work ethic and “hustle”-factor
• Independent and innovative thinker with creative problem-solving skills 
• Demonstrated customer-service focus coupled with strong negotiation skills
• Strong underwriting acumen including  an understanding of Casualty exposures, reinsurance structures, policy forms, and claims/actuarial concepts
• Excellent written and verbal communication skills, including the ability to generate reports and presentations for senior management using an array of data sources
• Sound Computer/Technology skills
• Desire for continued learning
  
  

Education

• 10 years Casualty insurer or reinsurer underwriting experience
  
  

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.