AVP, Construction

Arch Insurance Group Inc.•Los Angeles, CA

2d•$150,000 - $190,000•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 evaluates and prices risks, structures loss-sensitive insurance programs, manages accounts through renewals and post-bind activities, and develops producer and insured relationships to support production and profitability goals. It 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.
Understanding of the intent, scope, and purpose of Workers Compensation, General Liability, and Automobile coverage forms and endorsements, with the ability to tailor them to the 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.
Understanding of exposure identification and analysis.
Cross-functional generalist knowledge of claims, risk control, audit, premium accounting, finance, and legal disciplines.
Knowledge of regulatory and compliance issues.
Knowledge of 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.
Bachelor’s degree or equivalent training required.

Nice To Haves

Established broker relationships within the Western Region.
CPCU or 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 risks and structure loss-sensitive programs addressing frequency, severity, catastrophic, and credit risk.
Engage internal resources as needed and price and underwrite risks using objective and subjective characteristics, internal input, product offerings, and regulatory filings.
Prepare final quotations and proposals and present them to producers or prospective insureds.
Coordinate administrative duties related to existing and prospective accounts.
Manage 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 customer service.
Manage renewals and retention to achieve targeted retention and price-change goals.
Initiate, coordinate, and conduct mid-term account reviews.
Develop and maintain producer and insured relationships to meet production and profitability goals.
Meet with producers and insureds to discuss account issues, identify customer needs, and understand financial buying characteristics; travel frequently throughout the Western Region, with estimated overnight travel of 20% per month.
Develop a strategic plan for positioning and selling Arch to producers and insureds.
Engage and introduce other team members or management as appropriate.
Build producer relationships to generate qualified submissions.
Maintain underwriting and policy file documentation.
Complete ad hoc projects assigned by management.