AVP, Professional Liability, Construction Specialty Products
Arch Capital Group•Dallas, TX
•Hybrid
About The Position
The Assistant Vice President within Arch Construction Specialty Products is responsible for the day-to-day technical underwriting and account management of construction professional liability (PL) and contractor’s pollution (CPL) book of business.
Requirements
- Understanding and knowledge of the intent, scope and purpose of Contractor’s Professional Liability and Pollution Liability coverage forms and endorsements
- Experience tailoring policy wordings, including via manuscript endt., and designing bespoke program terms to address specific risks
- A thorough understanding of construction professional and pollution pricing, exposure identification and analysis, retention and aggregate setting, and limit profiles
- Cross-functional generalist knowledge of other P&C lines of business as well as the support disciplines including claims, risk control, audit, premium accounting, finance and legal
- Be able to provide leadership and support to other team members
- Ability to influence without authority and be willingness to work in a collaborative team environment
- Ten plus years of construction professional liability/pollution liability underwriting experience
- Experience in roles with responsibility assisting or driving underwriting guideline and tool development
- Established broker relationships
- Bachelor’s degree or equivalent training required
Nice To Haves
- CPCU or other similar designation a plus
Responsibilities
- 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 proposals based on objective and subject risk characteristics, input of internal resource team, existing product set and regulatory filings.
- Prepares final quotation/proposal and presents to producer and/or prospective insured.
- Quarterbacks all post bind activities and has responsibility to deliver promised service to customers.
- Responsible for the renewal and retention management process to achieve targeted retention and price change goals.
- Drives effort to expand Arch footprint where pricing and selection are favorable
- Leads efforts to develop standard underwriting procedures and pricing strategies with assistance of various internal resources
- Continually assists with evaluation of portfolio’s pricing adequacy and profitability
- Develops and maintains relationships with producers and insured’s to achieve overall productions and profitability goals.
- Meets with producers and insured’s to discuss individual account issues, uncover critical customer needs and financial buying characteristics.
- Develops a strategic plan for positioning and selling Arch at both the producer and the insured level.
- Responsible for all underwriting and policy file documentation
- Coordinates all administrative duties related to existing and prospective accounts.
- Completes ad hoc projects as assigned by management personnel
Benefits
- 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
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Manager
