Pros
- Decent benefits and some good people
Cons
- My group was ridiculously understaffed and overworked. I normalized consistently working 12+ hour days for below market comp just because I didn't know any better. - I will add that the above could vary significantly from sub-BU to sub-BU and manager to manager.. which is a whole other problem in itself. There were completely different rules, guidelines, and expectations depending on the manager you had and the sub-BU you fell into. - There was also a lack of sympathy on the work-life balance front from management. Brokers are unrealistic regarding workflow and deadlines and instead of supporting their UW's, Arch would just cave to their trading partners every time. - Inefficiencies in the underwriting process. Management has no grasp on how long it actually takes an Underwriter to process a submission, review a deal, generate a quote, and service a broker. Between the terribly laborious and ineffective underwriting systems and the red tape one has to jump through internally to get a quote approved, there is just too much work and too little time for what Arch is paying their underwriters. - Politics. The promotions were allocated almost entirely on the basis of playing politics with superiors.