Arch

  • Property Underwriter

    Job Locations US-NJ-Morristown | US-NY-New York
    Job ID
    2018-1950
    # of Openings
    1
    Category
    Underwriting
  • Overview

    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. 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. 

    Responsibilities

    The Position

    We are seeking an analytical, motivated, and detail-oriented Underwriter to join our team. The Underwriter will assist in underwriting a book of treaty business in the US property reinsurance marketplace.  The position will target a range of products requiring the utilization of treaty pricing practices and, over time, negotiation skills.  In addition to having strong analytical skills and some experience in Microsoft Excel, the ideal candidate will be eager to interact internally within a team setting, as well as engage with brokers and clients.  The candidate should also be open to learning actuarial and catastrophe modeling techniques and their application in evaluating deals. This position will report directly to the Managing Director of Property and Clash of Arch Reinsurance Company and will require 10-20% travel.  

     

    Job Responsibilities

    • Assist underwriting teamwith basics of deal preparation and analysis
    • Evaluate client financial objectives
    • Perform in-depth statistical analyses
    • Assess and analyze specific reinsurance treaties (cat, aggregate, per risk and others)
    • Negotiate contracts and assure profitability of business written
    • Perform underwriting audits of client files
    • Develop and maintain client and broker relationships 
    • Market to all levels of clients and brokers 
    • Report to the steering committee at underwriting meetings
    • Collaborate to develop and drive change within the group
    • Long-term opportunity to work on workers compensation cat, clash, and/or aviation business

    Qualifications

    Desired Skills

    • Strong interpersonal and communication skills and the ability to work with management at a senior level
    • Highly motivated with the ability to work independently or as part of a team
    • Ability to organize, prioritize, and manage multiple tasks 
    • Strong analytical and mathematical skills
    • Independent and innovative thinker with creative problem-solving skills 
    • Ability to develop strong relationships with clients and brokers

    Required Education/Experience

    • College or university degree in a relevant major (e.g., math, economics, engineering, actuarial science, business) preferred
    • Minimum of 1-2 years of experience in property and casualty insurance or reinsurance
    • CPCU® or ARe™ course of study beneficial

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