What are the responsibilities and job description for the Underwriting Manager, Commercial Surety position at Arch Capital Group Ltd.?
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℠.
Under direction, provide underwriting and marketing duties by providing high levels of financial analysis, risk assessment and technical underwriting expertise to determine credit quality and underwriting acceptability.
Job Responsibilities:
- Gather and analyze information, applying appropriate underwriting techniques, necessary to make an accurate evaluation of credit quality & acceptability of risk
- Develop and maintain strong working relationships with assigned producers and cultivate new relationships
- Responsible for developing and managing a book of business, meeting/exceeding profitability objectives as set forth by management. This includes building and growing strategic relationships as well as finding opportunity for new business within the defined territory
- Continuously monitor assigned accounts to ensure compliance with Arch standards and make/recommend appropriate corrective actions as needed
- Prepare underwriting submissions, making recommendations and/or decisions within established authority limits and;
- Performs additional projects as requested by Manager
Skills/Experience:
Key Competencies:
- Solid understanding of financial and accounting principles and the ability to demonstrate sound business judgment in evaluation of the financial condition, experience, credit history and character of contract accounts
- Strong communication and organizational skills
- Ability to multi-task and prioritize workload to meet agreed upon expectations
- Learns quickly and demonstrates an open attitude when faced with new problems, processes, or procedures.
Preferred Technical Skills:
- Strong computer skills including proficiency in Microsoft Office software products.
Experience:
- Minimum of five plus years surety underwriting experience and/or equivalent surety related experience required.
- AFSB designation preferred.
Education:
- Bachelors or higher degree in Finance, Economics, Accounting Business or equivalent preferred work experience in a related field.
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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.
For NYC: $135,000 - $165,000/year
- 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.
- Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Clickhereto 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
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to share your preferences directly with Arch’s Talent Acquisition team.Salary : $135,000 - $165,000