Senior Underwriter/AVP, Retail Energy

Arch Insurance Group Inc. • Dallas, TX

325d

About The Position

The Senior Underwriter/Assistant Vice President of Arch Retail Energy is responsible for the technical underwriting and account management of Retail Energy programs on a loss sensitive or guaranteed cost casualty basis; this includes working with retail brokers and agents to attract, service, and retain these accounts.

Requirements

• Knowledge of coverage terms - Workers Compensation, Excess Workers Compensation, General Liability and Automobile Liability, Umbrella and associated 1st party lines of Contractors Equipment and Property.
• Knowledge of energy industry exposures and dynamics.
• Able to adapt to underwriting to changing nature of the energy industry and maintain proficiency of energy insurance knowledge.
• Knowledge of large deductible, guaranteed cost, retrospective, self-insured and single parent captive insurance programs.
• Understanding and knowledge of exposure identification and analysis.
• Possess a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal.
• Knowledge of regulatory and compliance issues.
• Sales and Negotiation skills.
• Ability to perform multiple tasks simultaneously.
• Ability to influence without authority and be willing to work in a collaborative and team environment.
• Strong customer service, negotiation, and presentation skills.
• Firsthand experience and strong aptitude with Microsoft Excel, PowerPoint and Word.
• Excellent written/verbal communication and organizational skills.
• Ability to work well in a team environment.

Nice To Haves

• College degree preferred.
• At least 10 years of related experience.
• Large Casualty Accounts and Energy experience required.

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.
• Assesses insurance and related financial risk and structures appropriate loss sensitive program to effectively protect against frequency, severity, catastrophic and credit risk.
• Underwrites, prices, and prepares proposals based on objective and subject risk characteristics, input of internal resource team, existing product set and regulatory filings.
• Negotiates and places facultative reinsurance when applicable.
• Collaborates with other Arch units where appropriate to deliver a holistic customer insurance solution.
• Prepares final quotation/proposal and presents to producer and/or prospective insured.
• Coordinates all administrative duties related to existing and prospective accounts.
• Quarterbacks all post bind activities including policy production, compliance issues, audits and adjustments, legal agreements, receipt of collateral, legal agreement execution, TPA coordination and any other service related items.
• Together with internal team members, takes responsibility to deliver promised service to customers.
• Responsible for renewal and retention management and manages the renewal process to achieve targeted retention and price change goals.
• Initiates, coordinates, and conducts a midterm account review.
• Develops, expands, and enhances broker and client relationships within the region, through high visibility and frequent engagement.

What This Job Offers

• Career Level: Senior
• Education Level: Bachelor's degree