Arch

  • Underwriter Trainee - National Accounts Casualty

    Job Locations US-NY-New York
    Job ID
    2018-2002
    # of Openings
    1
    Category
    Underwriting
  • Overview

    The Company

     

    Arch Insurance Group is a market-leading specialty insurer providing property, casualty and a wide range of specialty insurance for corporations, professional firms and financial institutions around the globe. From product development to policy servicing to claims payment, we are dedicated to providing our customers with superb coverage and service.

     

    A subsidiary of Arch Capital Group Ltd., Arch Insurance employs disciplined underwriting and prudent risk selection across all types of business. We have offices in the United States, Canada, Bermuda, UK, Australia, and South Africa.

     

    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.

     

    This position is intended for a candidate seeking growth opportunity in a dynamic organization. The trainee will join the National Accounts Casualty Business unit and will receive ongoing on-the-job training in his/her line of business. The trainee also will be part of the company's year-long Underwriter Training Program, and as such, he/she will participate with other trainees in formal classroom training which takes place in the Fall. This is an intense, two-week training session which expands the trainee's insurance knowledge and understanding of Arch's strategy, culture, products, and services. As a follow-up in the Spring, there is a one-week classroom session offering specific knowledge- and skills-building workshops.

    Responsibilities

    As the trainee develops skill and gains experience, on-the-job responsibilities will include but are not limited to: - Marketing Arch products and services to retail brokers - Underwriting and pricing products, including:

    1. Financial analysis

    2. Exposure analysis

    3. Policy contract review and rating

    4. Claims review

    5. Binding new and renewal accounts according to our underwriting philosophy and strategy

    6. Servicing our brokers and customers

    Qualifications

    Desired Skills

    • Exemplary oral and written communication skills
    • Analytical, with keen ability to think through issues
    • Solid understanding of financial statements
    • Proactive
    • Able to organize and prioritize to meet multiple demands and commitments
    • Strong work ethic
    • Team player
    • Exhibits leadership potential

    Required Skills/Experience

    • Four-year degree desired, preferably in economics, business, finance, or risk management
    • Highly proficient with MS Word, Excel, Outlook

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