23 Jul

Underwriter Trainee Executive Assurance Jobs Vacancy in Arch Chicago

Position
Underwriter Trainee Executive Assurance
Company
Arch
Location
Chicago IL
Opening
23 Jul, 2018 23 days ago

Arch Chicago urgently required following position for Underwriter Trainee Executive Assurance. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.

Follow the online directions, complete all the necessary fields, and provide all relevant information so your application is submitted correctly. When you click the 'Apply this Job' button (open in new window) you will be taken to the online application form. Here you will be asked to provide personal and contact details, respond to employment-related questions, and show how you meet the key selection criteria.

Underwriter Trainee Executive Assurance Jobs Vacancy in Arch Chicago Jobs Details:

Overview

The Company

Arch Insurance Group is a market-leading specialty insurer providing property, casualty and a wide range of specialty insurance for corporations, professional firms and financial institutions around the globe. From product development to policy servicing to claims payment, we are dedicated to providing our customers with superb coverage and service.

A subsidiary of Arch Capital Group Ltd., Arch Insurance employs disciplined underwriting and prudent risk selection across all types of business. We have offices in the United States, Canada, Bermuda, UK, Australia, and South Africa.

Arch Capital Group Ltd. is a Bermuda-based company which provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. Arch offers competitive pay and a comprehensive benefits package. Additionally, Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company.

This position is intended for a candidate seeking growth opportunity in a dynamic organization. The trainee will join the Executive Assurance Business unit , as assigned, and will receive ongoing on-the-job training in his/her line of business. The trainee also will be part of the company's year-long Underwriter Training Program, and as such, he/she will participate with other trainees in formal classroom training which takes place in the Fall. This is an intense, two-week training session which expands the trainee's insurance knowledge and understanding of Arch's strategy, culture, products, and services. As a follow-up in the Spring, there is a one-week classroom session offering specific knowledge- and skills-building workshops.

Responsibilities

As the trainee develops skill and gains experience, on-the-job responsibilities will include but are not limited to: - Marketing Arch products and services to wholesale and retail brokers - Underwriting and pricing products, including:
1. Financial analysis
2. Exposure analysis
3. Policy contract review and rating
4. Claims review
5. Binding new and renewal accounts according to our underwriting philosophy and strategy
6. Servicing our brokers and customers

Qualifications

Desired Skills
  • Exemplary oral and written communication skills
  • Analytical, with keen ability to think through issues
  • Solid understanding of financial statements
  • Proactive
  • Able to organize and prioritize to meet multiple demands and commitments
  • Strong work ethic
  • Team player
  • Exhibits leadership potential
Required Skills/Experience
  • Four-year degree desired, preferably in economics, business, finance, or risk management
  • Highly proficient with MS Word, Excel, Outlook


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