VP, Construction

Arch Insurance Group Inc.-posted 4 months ago
$180,571 - $244,301/Yr
Full-time • Senior
Jersey City, NJ
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The Vice President within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty programs. The role involves soliciting and reviewing new and renewal account information required to evaluate risks, identifying potential exposures and hazards, and assessing insurance and related financial risks. The Vice President will also engage internal resources, underwrite prices, prepare proposals, and coordinate all administrative duties related to existing and prospective accounts.

  • 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.
  • Engages other internal resources as necessary.
  • Underwrites prices and prepares proposals based on risk characteristics and internal team input.
  • 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.
  • Responsible for renewal and retention management and manages the renewal process.
  • Initiates, coordinates and conducts a mid term account review.
  • Develops and maintains relationships with producers and insureds.
  • Meets with producers and insureds to discuss individual account issues.
  • Develops a strategic plan for positioning and selling Arch.
  • Responsible for all underwriting and policy file documentation.
  • Completes ad hoc projects as assigned by management personnel.
  • 10 plus years of underwriting experience and/or 10 plus years experience in the construction industry and/or insurance industry.
  • Established broker relationships within the Northeast/Mid-Atlantic Region.
  • Bachelor’s degree or equivalent training required.
  • CPCU or other similar designation a plus.
  • Understanding and knowledge of Workers Compensation, General Liability, and Automobile coverage forms.
  • Thorough understanding of loss sensitive programs including products, pricing, and actuarial loss projecting techniques.
  • Knowledge of regulatory and compliance issues.
  • Excellent communication skills – written, verbal and presentation.
  • Sales and Negotiation skills.
  • Ability to perform multiple tasks simultaneously.
  • Highly proficient in Microsoft Excel, Word, Outlook, and PowerPoint.
  • Multiple medical plans plus dental, vision and prescription drug coverage.
  • Competitive 401k with generous matching.
  • PTO beginning at 20 days per year.
  • Up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Off.
  • 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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