AVP, Construction

Arch Insurance Group Inc.; Wisconsin; On-site; USD 133,000 - 207,000; Full time

Benefits offered by this job

Medical plans

Dental coverage

Vision program

Prescription drug coverage

401k with generous match

PTO 20 days per year

12 paid holidays per year

Volunteer Time Off (2 days)

Life and AD&D Insurance

Short/Long-Term Disability

Paid Parental Leave (up to 10 weeks)

Student Loan Assistance

Tuition Reimbursement

Backup Child and Elder Care

Job summary

Arch Insurance Group Inc. is seeking an Assistant Vice President to lead technical underwriting and account management for Middle Market Construction Casualty programs in the central territory.

You will underwrite, price, and coordinate risk assessment with Risk Engineering and Claims support. You will manage renewal activity, cultivate broker relationships, and develop strategic plans to position Arch with agencies and insureds, aiming at production and profit goals while ensuring regulatory

Qualifications

• Ten years of Casualty underwriting experience with Construction underwriting preferred.
• Established broker relationships within the region would be ideal.
• Bachelor’s degree or equivalent training required.
• CPCU or CRIS designation a plus.

Responsibilities

• Solicits and reviews new and renewal account information to evaluate risk.
• Identifies exposures and hazards related to coverage and risk characteristics.
• Underwrites, prices and prepares Casualty quotes using approved product sets and compliance filings.
• Prepares final quotation and presents to producer or insured.
• Manages post-bind activities including policy production, audits and adjustments, and TPA coordination.
• Leads pre-renewal reviews and renewal process to achieve retention and rate goals.
• Maintains relationships with key agencies and insureds to generate submissions and meet production goals.
• Develops strategic plans to position Arch at agency and insured levels.

Skills

Underwriting leadership

Casualty underwriting

Construction underwriting

Broker relationships

Risk assessment

Cross-functional collaboration

Communication

Travel readiness

Education

Bachelor’s degree or equivalent

CPCU/CRIS designation

Tools

Job description

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℠.

Position Summary

The Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of Middle Market Construction Casualty programs. This will be for the central territory.

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.
• 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.
• Prepares final quotation/proposal and presents to producer and/or prospective insured.
• Quarterbacks all post bind activities including policy production, compliance issues, audits and adjustments, TPA coordination and any other related items.
• Responsible for managing pre-renewal reviews and the renewal process to achieve targeted retention and rate goals.
• Develops and maintains relationships with key agency personnel to generate a flow of qualified submissions. Capable of leveraging existing relationships and developing/building new relationships.
• Fosters and maintains relationships with key agency personnel and insureds to achieve overall production and profit goals. Routine meetings to pipeline accounts, assess exposures and controls in relation to Arch appetite and understand critical customer needs.
• Develops a strategic plan for positioning and selling Arch at both the agency and insured level.

Required Skills and Abilities

• 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.
• Be able to influence and provide support to other team members.
• Ability to perform multiple tasks simultaneously.
• Ability and willingness to travel to develop and maintain relationships in assigned territory.

Education and Experience

• Ten (10) years of Casualty underwriting experience with Construction underwriting experience preferred.
• Established broker relationships within the region would be ideal.
• Bachelor’s degree or equivalent training required.
• CPCU or CRIS designation a plus.

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

$133,000 - $207,000/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.

14400 Arch Insurance Group Inc.