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Senior Underwriter


Senior Underwriter

Senior Underwriter

Arch Insurance Group Inc.
Houston, TX 77024

Job details

Job Type


The Position:
The Senior Underwriter of Arch Retail Energy is responsible for the technical underwriting and account management of Retail Energy programs on a guaranteed cost or loss sensitive casualty basis; this includes working with retail brokers and agents to attract, service, and retain these accounts.
Job Responsibilities:
  • Solicits and reviews new and renewal account information required to evaluate a risk
  • Identifies all potential exposures and hazards in relation to coverage requested and individual risk characteristics
  • Assesses insurance and related financial risk and structures appropriate loss sensitive program to effectively protect against frequency, severity, catastrophic and credit risk
  • Underwrites, prices and prepares proposals based on objective and subject risk characteristics, input of internal resource team, existing product set and regulatory filings
  • Negotiates and places facultative reinsurance when applicable
  • Collaborates with other Arch units where appropriate to deliver a holistic customer insurance solution
  • Prepares final quotation/proposal and presents to producer and or prospective insured
  • Coordinates all administrative duties related to existing and prospective accounts
  • Quarterbacks all post bind activities including policy production, compliance issues, audits and adjustments, legal agreements, receipt of collateral, legal agreement execution, TPA coordination and any other service related items
  • Together with internal team members, takes responsibility to deliver promised service to customers
  • Responsible for renewal and retention management and manages the renewal process to achieve targeted retention and price change goals
  • Initiates, coordinates and conducts a midterm account review
  • Develop, expand, and enhance broker and client relationships within the region, through high visibility and frequent engagement
Required Skills/Experience:
  • Knowledge of coverage terms - Workers Compensation, General Liability and Automobile Liability, Umbrella and associated 1st party lines of Contractors Equipment and Property
  • Knowledge of energy industry exposures and dynamics
  • Able to adapt to underwriting to changing nature of the energy industry and maintain proficiency of energy insurance knowledge
  • Knowledge of guaranteed cost, large deductible, retrospective, self insured and single parent captive insurance programs
  • Understanding and knowledge of exposure identification and analysis
  • Posses a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal
  • Knowledge of regulatory and compliance issues
  • Sales and Negotiation skills
  • Ability to perform multiple tasks simultaneously
  • Have the ability to influence without authority and be willing to work in a collaborative and team environment
  • Strong customer service, negotiation and presentation skills
  • Hands-on experience and strong aptitude with Microsoft Excel, PowerPoint and Word
  • Excellent written/verbal communication and organizational skills
  • Ability to work well in a team environment
Desired Skills/Experience:
  • At least 5 years of related experience
  • Large Casualty Accounts and Energy experience required
Education:
  • College degree preferred
The Company:
Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, and Australia, providing specialty risk solutions to clients worldwide across a wide range of industries.
With nearly 20 years of operating history and strong financial ratings, our track record remains solid.

Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.

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• Post ID: 21250671


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