AVP, Professional Liability, Construction Specialty Products

Arch Insurance Group Inc.; Denver (CO); On-site; USD 152,970 - 206,959; Full time

Benefits offered by this job

Comprehensive benefits package

401k with generous matching

PTO beginning at 20 days/year

Paid Parental Leave of up to 10 weeks

Job summary

Arch Insurance Group Inc. is looking for an Assistant Vice President to oversee technical underwriting and account management of construction professional liability and contractor’s pollution liability. This role demands over ten years of relevant underwriting experience, strong broker relationships, and the ability to tailor policy wordings to meet specific risks.

The position offers a salary range of $152,970 - $206,959 per year and a comprehensive benefits package, supporting employee wellbeing and growth.

Qualifications

• 10+ years of construction professional liability and pollution liability underwriting experience.
• Experience in roles assisting with underwriting guideline development.
• Established broker relationships.

Responsibilities

• Manage the technical underwriting and account management of the construction PL and CPL book.
• Review and evaluate risk for new and renewal accounts.
• Lead efforts to expand Arch's portfolio and improve underwriting procedures.

Skills

Understanding of Contractor’s Professional Liability coverage

Experience in policy wording tailoring

Knowledge of pollution pricing and exposure identification

Cross-functional knowledge of P&C lines

Ability to influence without authority

Education

Bachelor’s degree or equivalent training

CPCU or similar designation

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 Specialty Products is responsible for the day‑to‑day technical underwriting and account management of construction professional liability (PL) and contractor’s pollution (CPL) book of business.

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

Account Management

• Quarterbacks all post bind activities and has responsibility to deliver promised service to customers.
• Responsible for the renewal and retention management process to achieve targeted retention and price change goals.

Portfolio Management

• Drives effort to expand Arch footprint where pricing and selection are favorable.
• Leads efforts to develop standard underwriting procedures and pricing strategies with assistance of various internal resources.
• Continually assists with evaluation of portfolio’s pricing adequacy and profitability.

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.

Administrative

• Responsible for all underwriting and policy file documentation.
• Coordinates all administrative duties related to existing and prospective accounts.
• Completes ad hoc projects as assigned by management personnel.

Required Skills and Abilities

• Understanding and knowledge of the intent, scope and purpose of Contractor’s Professional Liability and Pollution Liability coverage forms and endorsements.
• Experience tailoring policy wordings, including via manuscript endt., and designing bespoke program terms to address specific risks.
• A thorough understanding of construction professional and pollution pricing, exposure identification and analysis, retention and aggregate setting, and limit profiles.
• Cross‑functional generalist knowledge of other P&C lines of business as well as the support disciplines including claims, risk control, audit, premium accounting, finance and legal.
• Be able to provide leadership and support to other team members.
• Ability to influence without authority and be willingness to work in a collaborative team environment.

Education and Experience

• Ten plus years of construction professional liability/pollution liability underwriting experience.
• Experience in roles with responsibility assisting or driving underwriting guideline and tool development.
• Established broker relationships.
• Bachelor’s degree or equivalent training required.
• CPCU or other similar designation a plus.

Compensation & Benefits

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.

For Chicago, Denver, St. Paul: $152,970 - $206,959/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.