Underwriting Manager, Contract Surety

Arch Insurance Group Inc. • Jersey City, NJ

1d • $135,000 - $195,000 • Hybrid

About The Position

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℠. Location: Can be Hybrid OR Remote Position Summary: Under direction, provide underwriting and marketing duties by providing high levels of financial analysis, risk assessment and technical underwriting expertise to determine credit quality and underwriting acceptability.

Requirements

• Solid understanding of financial and accounting principles and the ability to demonstrate sound business judgment in evaluation of the financial condition, experience, credit history and character of contract accounts
• Strong communication and organizational skills
• Ability to multi-task and prioritize workload to meet agreed upon expectations

Responsibilities

• Gather and analyze information, applying appropriate underwriting techniques, necessary to make an accurate evaluation of credit quality & acceptability of risk
• Prepare and conduct marketing activities within assigned territory/agencies; manage producers within territory including premium collection
• Responsible for developing and managing a book of business, meeting/exceeding profitability objectives as set forth by management. This includes building and growing strategic relationships as well as finding opportunity for new business within the defined territory
• Meet with principal owners of the account to assess their general management acumen, past experience, work experience of key personnel, depth of organization and desired work objectives with branch manager’s involvement as needed
• Continuously monitor assigned accounts to ensure compliance with Arch standards and make/recommend appropriate corrective actions as needed
• Correspond with CPAs, bankers, lawyers, architects, subcontractors and engineers to secure additional underwriting detail, as needed, to assess risk on preliminary and ongoing basis.
• Prepare underwriting submissions, making recommendations and/or decisions within established authority limits and; Performs additional projects as requested by Manager
• Assist in internal reporting and preparing/implementing regional business plan and budget
• Develop and maintain strong working relationships with assigned producers and cultivate new relationships
• Share in the responsibility of the office’s overall profitability, and collaborate with the Branch Manager on strategic plans and operations.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed