10 years of Casualty underwriting experience, preferably in Construction.
Established broker relationships within the region are ideal.
Bachelor’s degree or equivalent training required.
CPCU or CRIS designation is a plus.
Strong understanding of Workers Compensation, General Liability, Automobile, and Excess coverage forms.
Responsibilities
Solicit and review new and renewal account information to evaluate risks.
Identify potential exposures and hazards related to coverage and risk characteristics.
Underwrite, price, and prepare Casualty quote proposals based on risk assessments.
Present final quotations/proposals to producers or prospective insureds.
Manage post-bind activities including policy production and compliance issues.
Oversee pre-renewal reviews and the renewal process to meet retention and rate goals.
Develop and maintain relationships with key agency personnel to ensure a flow of qualified submissions.
Benefits
Multiple medical plans including dental, vision, and prescription drug coverage.
Competitive 401k with generous matching.
20 days of PTO per year plus up to 12 paid company holidays.
Paid Volunteer Time Off (2 days).
Paid Parental Leave of up to 10 weeks.
Student Loan Assistance and Tuition Reimbursement.
Backup Child and Elder Care.
Full Job Description
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.
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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. Click to learn more on available benefits.
14400 Arch Insurance Group Inc.
About Arch Capital Group Ltd.
Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth.
