AVP, Construction

Arch Capital Group•Los Angeles, CA

20h•Hybrid

About The Position

The Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of large-account construction casualty programs. The role evaluates new and renewal risks, identifies exposures, assesses insurance and financial risks, and structures loss-sensitive programs. It also manages post-bind activities, renewals, customer service delivery, producer and insured relationships, and sales and marketing strategies. The position includes frequent travel throughout the Western 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 required.
Knowledge of the intent, scope, and purpose of Workers Compensation, General Liability, and Automobile coverage forms and endorsements, and ability to tailor them to program design.
Thorough understanding of loss-sensitive programs, including products, pricing, expenses, actuarial loss-projection techniques, retention and aggregate setting, limit profiles, ALAE, and facultative reinsurance.
Knowledge 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 team members.
Ability to perform multiple tasks simultaneously.
Ability to influence without authority and work collaboratively in a team environment.
High proficiency in Microsoft Excel, Word, Outlook, and PowerPoint.

Nice To Haves

Established broker relationships within the Western Region.
CPCU or a similar designation.

Responsibilities

Solicit and review new and renewal account information to evaluate risks.
Identify potential exposures and hazards in relation to requested coverage and individual risk characteristics.
Assess insurance and related financial risk and structure appropriate loss-sensitive programs to address frequency, severity, catastrophic, and credit risk.
Engage internal resources as needed; underwrite, price, and prepare proposals using risk characteristics, internal input, product offerings, and regulatory filings.
Prepare final quotations and proposals and present them to producers and/or 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, legal agreement execution, and TPA coordination.
Work with internal team members to deliver promised customer service.
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.