Assistant Vice President, Construction – Middle Market
Arch Insurance Group Inc. · Hunt Valley, MD · 1 wk ago
HybridManagement$133k–$207k/yrFull-time
Job Responsibilities
- Solicits and reviews new and renewal account information required to evaluate a risk.
- Identifies all potential exposures and hazards in relation to coverage requested and individual risk characteristics.
- Underwrites, prices and prepares Casualty quote proposals based on objective and subjective risk characteristics utilizing existing product set and in compliance with regulatory filings.
- Routinely engages with internal resources (i.e., Risk Engineering and Claims) to assist with the assessment of risk.
- Presents final quotation/proposal to producer and/or prospective insured.
- Captures and coordinates all administrative duties related to existing and prospective accounts.
- Coordinates all post bind activities including policy production, compliance issues, audits and adjustments, TPA coordination and any other related items.
- Delivers promised account service plans to customers.
- Manages pre-renewal reviews and the renewal process to achieve targeted retention and rate goals.
- Leverages existing relationships and develops/builds new relationships with key agency personnel to generate a flow of qualified submissions.
- Fosters and maintains relationships with key agency personnel and insureds to achieve overall production and profit goals.
- Engages in routine meetings to pipeline accounts, assess exposures and controls in relation to Arch appetite and understand critical customer needs.
- Leverages strategic planning to position and sell Arch at both the agency and insured level.
- Completes ad hoc projects as needed to enhance efficiency/productivity.
Skills/Experience
- Understanding and knowledge of the intent, scope and purpose of Workers Compensation, General Liability, Automobile and Excess coverage forms and endorsements.
- Understanding and knowledge of exposure identification and analysis and the basics of guaranteed cost and small deductible underwriting.
- Possess a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, reinsurance, finance and legal.
- Knowledge of Casualty regulatory and compliance issues.
- Excellent communication skills – written, verbal and presentation.
- Strong sales and negotiation skills.
- Ability to influence and provide support to other team members.
- Ability and willingness to travel to develop and maintain relationships in assigned territory.
Required Experience
- Ten (10) years of Casualty underwriting experience with Construction underwriting experience preferred.
- Established broker relationships within the region would be ideal.
Education
- Bachelor’s degree or equivalent training required.
- CPCU or CRIS designation a plus.
Benefits
- Comprehensive benefits package including medical, dental, vision, prescription drug coverage, 401k with generous matching, PTO, paid holidays, volunteer time off, life and AD&D insurance, short and long-term disability, parental leave, student loan assistance, tuition reimbursement, backup child and elder care, and more.