Associate Underwriter, Warranty and Lender Solutions

The Position: The Arch Warranty & Lender Solutions Division in Kansas City is seeking an Associate Underwriter to join their underwriting team.

The Associate Underwriter will report directly to Vice President, F&I Underwriting.

This person will be responsible for providing underwriting support for the division, primarily working with Debt Cancellation products such as GAP and Excess Wear & Tear.

In addition, they will have exposure to and provide support for various Service Contract products and Lender Place Insurance products.

The Associate Underwriter will develop and maintain relationships with third party administrators and agents.

This person will be able to understand and communicate necessary product and service information to our clients.

This role will require successful execution of risk analysis, service timeliness, personal accountability and team work.

This individual must demonstrate the ability to effectively evaluate risk for approval including alignment with strategies, underwriting guidance, and processes & procedures.

Job Responsibilities:
• Determine the desirability of business risks.

Price exposures in accordance with filed and approved rate levels and business unit guidelines.
• Ensures underwriting and servicing of risks is both timely and accurate adhering to all Arch underwriting / compliance guidelines, service standards and regulatory requirements.
• Ensure underwriting files for business written are complete with all required documentation including pricing models, underwriting notes and product risk assessment documents.
• Maintain ongoing communication with clients to obtain supplemental underwriting information, evaluate risks, analyze and interpret coverage, explain underwriting requirements and expectations, and present terms.
• Regularly interfaces with customers to provide service and to keep abreast of customer issues.
• Assist the other underwriters in their day-to-day responsibilities as required by running portfolio reports, reviewing loss projections and other ad-hoc projects clearly identifying exceptions, issues or areas of focus.
• Keep up to date with industry trends and have a competent understanding of the portfolio’s performance.
• Will work with other departments, including but not limited to Operations, Policy Issuance, Claims, Actuary, and Accounting.

Required Skills/Experience:
• Enthusiastic, hardworking individual with a focus on providing the best possible service
• Excellent verbal and written communication skills
• Strong analytical skills with great attention to detail
• Demonstrates high level of time management and organizational skills
• Ability to work independently, prioritize and to carry out assignments to completion
• Experienced in problem solving, negotiation & decision making
• Advanced computer skills and knowledge of windows based applications
• Ability to interpret relevant industry trends and information within the industry and react in alignment with company strategic objectives Desired Skills/Experience:
• Background and knowledge of debt cancellation products such as GAP/Excess Wear and Tear and/or knowledge of Service Contracts and Service Contracts products in the Auto or Consumer space
• High computer literacy and able to demonstrate advanced Excel skills
• CPCU, AINS, ARe or other insurance designation a plus Education:
• Bachelor’s Degree with a focus in accounting, finance, or business management 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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