AVP, Construction

Position Summary

The Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty (loss sensitive) programs. The team is open to discussing hybrid or remote options in Minneapolis, Chicago, and St. Louis.

Responsibilities and Accountabilities

• 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.
• Affirms insurance and related financial risk and structures appropriate loss sensitive program to effectively protect against frequency, severity, catastrophic and credit risk.
• Underwrites prices and prepares proposals based on objective and subject risk characteristics, input of internal resource team, existing product set and regulatory filings.
• Presents final quotation/proposal to producer and/or prospective insured.
• Captures all administrative duties related to existing and prospective accounts.
• Quarterbacks all post bind activities including policy production, compliance issues, audits and adjustments, legal agreements, receipt of collateral, legal agreement execution, TPA coordination and any other related items.
• Takes responsibility to deliver promised service to customers.
• Manages the renewal and retention management process to achieve targeted retention and price change goals.
• Sales and Marketing
• Develops and maintains relationships with producers and insured’s to achieve overall productions and profitability goals.
• Meets with producers and insured’s to discuss individual account issues, uncover critical customer needs and financial buying characteristics.
• Develops a strategic plan for positioning and selling Arch at both the producer and the insured level.
• Engages and introduces other team members or management team as appropriate.
• Develops and maintains relationships with producers to generate a flow of qualified submissions.

Required Skills and Abilities

• Understanding and knowledge of the intent, scope and purpose of the Workers Compensation, General Liability, Automobile coverage forms and endorsements with the ability to tailor to the sold program design.
• Possess a thorough understanding of all loss sensitive programs including products, pricing, expensing, actuarial loss projecting techniques, retention and aggregate setting, limit profiles, ALAE, and effective utilization of facultative reinsurance.
• Understanding and knowledge of exposure identification and analysis.
• Posses a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal.
• Knowledge of regulatory and compliance issues.
• Ability to influence without authority and be willing to work in a collaborative and team environment.
• Highly proficient in Microsoft Excel, Work, Outlook, and PowerPoint.

Desired Skills and Abilities

• 10 plus years of underwriting experience and/or 10 plus years experience in the construction industry.
• Established broker relationships within the Central Region would be ideal.

Education and Experience

• Bachelor’s degree or equivalent training required.
• CPCU or other similar designation a plus.

Benefits

• Base salary range: $150,000 - $190,000/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.
• Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more.