Assistant Vice President, Construction

Arch Capital Group•Boston, NY

20h•Hybrid

About The Position

The Assistant Vice President within Arch Construction is responsible for technical underwriting and account management of large-account construction casualty programs. The role assesses and prices risks, structures loss-sensitive insurance programs, and coordinates account activities from proposal through renewal. It also develops producer and insured relationships to support production and profitability goals, provides promised customer service in collaboration with internal teams, and completes underwriting documentation and other assigned projects. The role includes frequent travel throughout the region, with an estimated overnight travel schedule of 20% per month.

Requirements

Seven or more years of underwriting experience and/or seven or more years of experience in the construction industry and/or insurance industry.
Bachelor’s degree or equivalent training.
Understanding of the intent, scope, and purpose of Workers Compensation, General Liability, and Automobile coverage forms and endorsements, with the ability to tailor coverage to the sold program design.
Thorough understanding of loss-sensitive programs, including products, pricing, expenses, actuarial loss-projection techniques, retention and aggregate setting, limit profiles, ALAE, and use of facultative reinsurance.
Understanding of exposure identification and analysis.
Cross-functional generalist knowledge of claims, risk control, audit, premium accounting, finance, and legal.
Knowledge of regulatory and compliance issues and Arch’s product set.
Excellent written, verbal, and presentation communication skills.
Sales and negotiation skills.
Ability to provide leadership and support to other team members.
Ability to perform multiple tasks simultaneously.
Ability to influence without authority and work collaboratively as part of a team.
High proficiency in Microsoft Excel, Word, Outlook, and PowerPoint.

Nice To Haves

Established broker relationships within the region.
CPCU or a similar designation.

Responsibilities

Solicit and review new and renewal account information to evaluate risks.
Identify potential exposures and hazards based on requested coverage and individual risk characteristics.
Assess insurance and related financial risk, and structure loss-sensitive programs to address frequency, severity, catastrophic, and credit risk.
Engage internal resources as necessary.
Underwrite, price, and prepare proposals based on risk characteristics, internal team input, available products, and regulatory filings.
Prepare final quotations and proposals and present them to producers and prospective insureds.
Coordinate administrative duties for existing and prospective accounts.
Lead post-bind activities, including policy production, compliance issues, audits and adjustments, legal agreements, collateral receipt, agreement execution, and TPA coordination.
Work with internal team members to deliver promised service to customers.
Manage renewals and retention to achieve targeted retention and price-change goals.
Initiate, coordinate, and conduct midterm account reviews.
Develop and maintain producer and insured relationships to achieve production and profitability goals.
Meet with producers and insureds to discuss account issues, identify customer needs, and understand financial buying characteristics.
Develop strategic plans for positioning and selling Arch to producers and insureds.
Engage and introduce other team members or management as appropriate.
Develop and maintain producer relationships to generate qualified submissions.
Maintain underwriting and policy file documentation.
Complete ad hoc projects assigned by management.