Underwriting Specialist, Cyber Liability

The Position:The Senior Underwriter is responsible for the submission generation, underwriting and policy issuance of Cyber & Technology Liability accounts with potential to work on Miscellaneous Professional Accounts as well. Territory and areas of focus are flexible depending upon the candidate.Job Responsibilities:Build strong long term profitable relationships with agents, brokers and policy holders. Generate pipeline of submissions that meet department appetite.Evaluate applications and related materials to determine acceptability of risks in accordance with company guidelines and standards. Determine the need for additional evidence of insurability. Participate in underwriting calls with clients and brokers to assess client’s cybersecurity controlsExercise judgment, negotiation and sound business decision making based on level of authority.Prepare quotes and answer questions from brokers, policyholders or other external contacts and escalate issues to management along with proposed solutions as necessary.Provide acceptable level of underwriting documentation for all assigned accounts. Be able to articulate underwriting positions and most importantly, reasons for such positions internally and externally.Keeps current on claim trends and changes in legal and regulatory environment.Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts. Monitor new business flow, quote ratio and hit ratio from each target agency to monitor variances to plan. Develop strategies to correct variances with each agency. May provide guidance and assistance to other underwriters and to other functional areas particularly when related to cross-sell opportunities.Required Skills/Experience:2-5 years of Cyber underwriting experienceDesired Skills/Experience:Strong relationships with wholesale and/or retail Cyber brokersStrong interpersonal and communication skills and the ability to work with management at a senior levelKnowledge of broader MPL classes of business is desirableHighly motivated with the ability to work independently or as part of a teamAbility to organize, prioritize and manage multiple priorities Independent and innovative thinker with creative problem solving skills & strategic thinkingStrong analytical skills/judgement and mathematical skillsEffective communication – both oral and writtenEffective negotiation skillsEducation:BA or BS, ideally with a degree/major in Economics, Business, Finance, or AccountingThe 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.

Related Post

FP&A AssociateFP&A Associate

Job Description This position works closely with other team members in providing timely & accurate reporting and analytical support to the FP&A team in the Region. Effective communication and teamwork