Underwriter / Senior Underwriter, Cyber Liability

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℠.

Position Summary :

This position 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.

Responsibilities and Accountabilities :

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 controls

Exercise 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.

Desired Skills and Abilities :

Strong relationships with wholesale and / or retail Cyber brokers

Strong interpersonal and communication skills and the ability to work with management at a senior level

Knowledge of broader MPL classes of business is desirable

Highly motivated with the ability to work independently or as part of a team

Ability to organize, prioritize andmanage multiplepriorities

Independent and innovative thinker with creative problem solving skills & strategic thinking

Strong analytical skills / judgement and mathematical skills

Effective communication – both oral and written

Effective negotiation skills

Education and Experience :

BA or BS, ideally with a degree / major in Economics, Business, Finance, or Accounting

2-5 years of Cyber underwriting experience

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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.

$90,000 - $125,000 / year

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.

14400 Arch Insurance Group Inc.

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