Underwriter (Cyber) Jobs

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 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.
Job Responsibilities

• Build strong long-term profitable relationships with agents, brokers and policyholders.
• Prepare quotes and answer questions from brokers, policyholders or other external contacts and escalate issues to management along with proposed solutions as necessary.
• May provide guidance and assistance to other underwriters and to other functional areas particularly when related to cross-sell opportunities.
• 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.
• Participate in underwriting calls with clients and brokers to assess client’s cybersecurity controls
• Generate pipeline of submissions that meet department appetite.
• 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.
• Work closely with internal Arch Cyber Risk Engineer Team “ACRE” for proper review and assessment of accounts throughout underwriting process as outlined in guidelines.
• Exercise judgment, negotiation and sound business decision making based on level of authority.
• Keeps current on claim trends and changes in legal and regulatory environment.
• 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.
• Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts.

Desired Skills

• Effective negotiation skills
• Strong relationships with Cyber brokers
• Strong analytical skills/judgement and mathematical skills
• Strong interpersonal and communication skills and the ability to work with management at a senior level
• Highly motivated with the ability to work independently or as part of a team
• Effective communication – both oral and written
• Ability to organize, prioritize and manage multiple priorities
• Independent and innovative thinker with creative problem solving skills & strategic thinking
• Knowledge of broader MPL classes of business is desirable

Required Education/Experience

• BA or BS, ideally with a degree/major in Economics, Business, Finance, Accounting or Computer Science
• 2+ years of Cyber underwriting experience

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