VP, NAC

Arch Insurance Group Inc. • Chicago, IL

1d • Hybrid

About The Position

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. The Vice President of Arch National Accounts Casualty (NAC) is responsible for the technical underwriting and account management of loss sensitive casualty programs; this includes working with retail brokers to attract and retain these accounts.

Requirements

• Knowledge of coverage terms - Workers Compensation, Excess Workers Compensation, General Liability and Automobile Liability.
• Knowledge of large deductible, 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.
• Strong Sales and Negotiation skills.
• Ability to perform multiple tasks simultaneously.
• Have the ability to influence without authority and be willing to work in a collaborative and team environment.
• Strong customer service, negotiation and presentation skills.
• Hands-on 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.
• College degree preferred
• At least 15 years of related experience
• Large Casualty Accounts 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
• Maintain Underwriting discipline: Develop action plans for renewal business to ensure we balance high renewal retention with underwriting action needed on certain accounts.
• Quality of Over Authority Referrals - Covers important issues in an appropriate manner.
• 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
• 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
• Develop, expand, and enhance broker and client relationships within the region, through high visibility and frequent engagement

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 plus 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

What This Job Offers

• Job Type: Full-time
• Career Level: Executive