AVP, Construction, Middle Market

About the role

The Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty programs. This role requires a strong understanding of workers compensation, general liability, automobile coverage forms and endorsements, and the ability to tailor these to the sold program design.

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.
• Affirms insurance and related financial risk and structures appropriate loss sensitive program to effectively protect against frequency, severity, catastrophic and credit risk.
• Engage other internal resources as necessary.
• 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.
• Covers all administrative duties related to existing and prospective accounts.
• Coordinates 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.
• Delivers promised service to customers and manages the renewal process to achieve targeted retention and price change goals.
• Initiates, coordinates and conducts a mid-term account review.
• Develops and maintains relationships with producers and insured’s to achieve overall productions and profitability goals.
• Develops and maintains relationships with producers to generate a flow of qualified submissions.
• Completes ad hoc projects as assigned by management personnel.

Requirements

• Seven plus years of underwriting experience and/or seven plus years experience in the construction industry and/or insurance industry.
• Established broker relationships within the Western Region would be ideal.
• Bachelor’s degree or equivalent training required. CPCU or other similar designation a plus.

Qualifications

• 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.
• Possess a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal.
• Knowledge of regulatory and compliance issues.
• Knowledge of Arch’s product set.
• Excellent communication skills – written, verbal and presentation.
• Sales and Negotiation skills.
• Be able to provide leadership and support to other team members.
• Have the 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.

Skills

• 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.
• Possess a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal.
• Knowledge of regulatory and compliance issues.
• Knowledge of Arch’s product set.
• Excellent communication skills – written, verbal and presentation.
• Sales and Negotiation skills.

Benefits

• 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 Insurance Group Inc. offers a 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.