AVP, Construction

Arch Insurance Group Inc.; United States; Hybrid; USD 150,000 - 190,000; Full time

Benefits offered by this job

Health insurance

401k matching

PTO 20+ days per year

Paid holidays

Job summary

Arch Insurance Group Inc. is seeking an Assistant Vice President for Construction Casualty underwriting and account management. The role supports large loss-sensitive programs, with hybrid or remote options in Minneapolis, Chicago, and St. Louis.

The incumbent will lead technical underwriting, risk assessment, renewal management, and producer relationships to drive profitable growth and service delivery. Strong MS Office skills and regulatory knowledge are required.

Qualifications

• Bachelor’s degree or equivalent training required.
• CPCU or other similar designation a plus.
• 10+ years of underwriting experience in construction industry or equivalent.

Responsibilities

• Solicits and reviews new and renewal account information to evaluate risk.
• Identifies exposures and hazards relating to coverage requested and risk characteristics.
• Underwrites pricing and prepares proposals based on risk characteristics and inputs.
• Prepares final quotation/proposal for producers or insureds.
• Coordinates all administrative duties for accounts.
• Manages post-bind activities including policy production, audits and collateral.
• Maintains relationships with producers and insureds to drive renewal and growth.

Skills

Workers compensation knowledge

General liability knowledge

Automobile coverage knowledge

Loss-sensitive programs

Pricing & actuarial loss projecting

Regulatory compliance

Excel proficiency

Cross-functional collaboration

Renewal & retention management

Education

Bachelor’s degree or equivalent training

CPCU or similar designation

Tools

MS Office

Job description

Position Summary:

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

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:

Technical Underwriting

• 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.

• Assesses 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.

• Prepares final quotation/proposal and presents to producer and/or prospective insured.

• Coordinates all administrative duties related to existing and prospective accounts.

Account Management

• 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.

• Together with internal team members, takes responsibility to deliver promised service to customers.

• Responsible for the renewal and retention management and manages the renewal 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.

Administrative

• Responsible for all underwriting and policy file documentation

• Completes ad hoc projects as assigned by management personnel

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

• 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

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.

#LI-Hybrid

#LI-Remote

#LI-JD1

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range as of the time of posting. Position is incentive eligible.

$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. The above pay range may be modified in the future.

• 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. Click here to learn more on available benefits.

14400 Arch Insurance Group Inc.