AVP, Construction
Arch Insurance Group Inc.•St. Paul, IN
•$133,000 - $207,000
About The Position
The Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of Middle Market Construction Casualty programs in the central territory. The role evaluates new and renewal risks, identifies exposures and hazards, underwrites and prices coverage, prepares and presents proposals, and manages post-bind activities. It also oversees pre-renewal reviews and renewals to meet retention and rate goals, develops agency and insured relationships, and creates strategic plans to position and sell Arch.
Requirements
- Ten years of Casualty underwriting experience.
- Understanding of the intent, scope, and purpose of Workers Compensation, General Liability, Automobile, and Excess coverage forms and endorsements.
- Understanding of exposure identification and analysis, and the basics of guaranteed cost and small deductible underwriting.
- Cross-functional generalist knowledge of claims, risk control, audit, premium accounting, reinsurance, finance, and legal.
- Ability to influence and support other team members.
- Ability to perform multiple tasks simultaneously.
- Ability and willingness to travel to develop and maintain relationships in the assigned territory.
- Bachelor's degree or equivalent training.
Nice To Haves
- Construction underwriting experience.
- Established broker relationships within the region.
- CPCU or CRIS designation.
Responsibilities
- Solicit and review new and renewal account information needed to evaluate risks.
- Identify potential exposures and hazards in relation to requested coverage and individual risk characteristics.
- Underwrite and price Casualty proposals based on objective and subjective risk characteristics, using the existing product set and complying with regulatory filings.
- Engage internal resources, including Risk Engineering and Claims, to assist with risk assessment.
- Prepare final quotations and proposals and present them to producers and/or prospective insureds.
- Manage post-bind activities, including policy production, compliance issues, audits and adjustments, TPA coordination, and related items.
- Manage pre-renewal reviews and the renewal process to achieve targeted retention and rate goals.
- Develop and maintain relationships with key agency personnel to generate qualified submissions, leveraging existing relationships and building new ones.
- Maintain relationships with agency personnel and insureds to achieve production and profit goals; meet routinely to pipeline accounts, assess exposures and controls against Arch's appetite, and understand customer needs.
- Develop a strategic plan for positioning and selling Arch at the agency and insured level.
Benefits
- Multiple medical plans, plus dental, vision, and prescription drug coverage.
- Competitive 401(k) with generous matching.
- PTO beginning at 20 days per year.
- Up to 12 paid company holidays per year.
- Two paid days of Volunteer Time Off.
- Basic Life and AD&D Insurance.
- Short- and Long-Term Disability.
- Paid Parental Leave of up to 10 weeks.
- Student Loan Assistance and Tuition Reimbursement.
- Backup Child and Elder Care.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
