Arch

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  • AVP, Financial Institutions

    Job Locations US-NY-New York
    Job ID
    2018-1905
    # of Openings
    1
    Category
    Executive Assurance

    • Overview

    The Company

     

    Arch Capital Group Ltd. is a Bermuda-based company which provides insurance, reinsurance and mortgage insurance on a worldwide basis.  Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. 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.

    Responsibilities

    The Position

    The Underwriter is responsible for the submission generation, underwriting and policy issuance of Directors and Officers Liability, Employment Practices Liability, Hedge Fund Liability, Bankers Professional Liability, Insurance Company Professional Liability, Fiduciary Liability, and Fidelity insurance for entities that meet the Financial Institutions/Financial Services account definition within the East Region.

      

    In addition to the underwriting responsibilities above, the Underwriter is expected to coach and develop all direct and indirect reports in the region.  The areas of coaching and development include underwriting/technical skills, producer management and sales effectiveness.

     

    The Financial Institutions/Financial Services department works with private and public companies, including many Fortune 500 firms.  Accounts include the following subcategories:

     

    Job Responsibilities

    • Investment Advisors
    • Hedge Funds
    • Mutual Funds
    • Insurance Companies
    • Commercial Banks
    • Investment Banks
    • Specialty Finance Companies
    • Exchanges
    • Underwrite and price products, to include:
    • Financial analysis
    • Exposure analysis
    • Attendance at meetings with outside company management
    • Policy contract review and rating
    • Claims review
    • Binding of new and renewal accounts according to our underwriting philosophy and strategy
    • Service brokers and customers
    • -Coaching and developing the more junior underwriters in the region

     

     

    Qualifications

    Desired Skills

    • Exemplary oral and written communication skills
    • Analytical, with a keen ability to think through issues
    • Solid understanding of financial statements
    • Strong customer-service focus
    • Able to organize and prioritize to meet multiple demands and commitments
    • Strong work ethic
    • Team player
    • Effective negotiation skills
    • Proficient in MS Word, Excel and Outlook

    Required Education/Experience 

    • Bachelor’s Degree, ideally in Economics, Business, Finance or Accounting
    • 2 to 5 years of D&O/E&O insurance underwriting, preferably in the Financial Institutions/Financial Services segment

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