With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
The Arch Warranty & Lender Solutions Division in Kansas City is seeking an Underwriter to join their underwriting team. The Underwriter will report directly to Vice President, Underwriting. This person will be responsible for providing underwriting support for the division, primarily working with and underwriting Lender Placed Insurance products such as Mortgage Hazard, Auto Collateral Protection, Blanket(VSI), and Flood Insurance. In addition, they will have exposure to and provide support for various Debt Protection and Service Contract products. The 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.
Determine the desirability of business risks. Price exposures in accordance with filed and approved rate levels and business unit guidelines.
Solicit and review new and existing account information required to evaluate a risk.
Underwrite and prepare proposals within authority and with necessary input of Arch/Lender Products team.
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.
Orchestrate all post bind activities including policy issuance, compliance issues, audits, and other related activities.
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.
Owning Agent relationships and assisting 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 program and account performance.
Will work with other departments, including but not limited to Underwriting Operations, Policy Issuance, Claims, Actuary, Compliance and Accounting.
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
Background and knowledge of lender placed products such as Mortgage Hazard, Blanket, Auto CPI, and Flood
High computer literacy and able to demonstrate advanced Excel skills
CPCU, AINS, ARe or other insurance designation a plus
Bachelor’s Degree with a focus in accounting, finance, or business management preferred
For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.
Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
14400 Arch Insurance Group Inc.Originally posted on Himalayas
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