What are the responsibilities and job description for the Underwriting Director position at Arch?
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.
***Must be based in the LA area***
- 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
- 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
- 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
- 5-10 years Casualty insurer or reinsurer underwriting experience
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. Our business strategy keeps operational controls tight and costs low, helping to maximize efficiencies for our broker partners. 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.
Arch Capital Group Ltd. is a Bermuda-based company which provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. Arch offers competitive pay and a comprehensive benefits package. Additionally, Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company.
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