Job Description
Our preference in location is Chicago, IL and St. Paul, MN. However, we would be open to consider applicants in other states for the right candidate .
Job Summary
The Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty programs.
Responsibilities
1. Technical Underwriting
- 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 Casualty quote proposals based on objective and subjective risk characteristics utilizing existing product set and in compliance with regulatory filings. Routinely engages with internal resources (Risk Engineering and Claims) to assist with the assessment of risk.
- Prepares final quotation/proposal and presents to producer and/or prospective insured.
- Coordinates all administrative duties related to existing and prospective accounts.
2. Account Management
- Quarterbacks all post bind activities including policy production, compliance issues, audits and adjustments, TPA coordination and any other related items.
- Together with internal team members, takes responsibility to deliver promised account service plans to customers.
- Responsible for managing pre-renewal reviews and the renewal process to achieve targeted retention and rate goals.
3. Sales and Marketing
- Develops and maintains relationships with key agency personnel to generate a flow of qualified submissions. Capable of leveraging existing relationships and developing/building new relationships.
- Fosters and maintains relationships with key agency personnel and insureds to achieve overall production and profit goals. Routine meetings to pipeline accounts, assess exposures and controls in relation to Arch appetite and understand critical customer needs.
- Develops a strategic plan for positioning and selling Arch at both the agency and insured level.
- Engages and introduces other team members or management team as appropriate.
4. Administrative
- Responsible for all underwriting and policy file documentation.
- Completes ad hoc projects as needed to enhance efficiency/productivity.
Education and Experience
- Understanding and knowledge of the intent, scope and purpose of the Workers Compensation, General Liability, Automobile coverage forms and endorsements with the ability to tailor to the sold program design.
- Possess a thorough understanding of all loss sensitive programs including products, pricing, expensing, actuarial loss projecting techniques, retention and aggregate setting, limit profiles, ALAE, and effective utilization of facultative reinsurance.
- Understanding and knowledge of exposure identification and analysis
- Posses a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal.
- Knowledge of regulatory and compliance issues
- Knowledge of Arch’s product set
- Excellent communication skills – written, verbal and presentation
- Sales and Negotiation skills
- Be able to provide leadership and support to other team members
- Ability to perform multiple tasks simultaneously
- Have the ability to influence without authority and be willing to work in a collaborative and team environment.
- Highly proficient in Microsoft Excel, Work, Outlook, and PowerPoint
Required Experience
- 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 Central Region would be ideal.
Educational Requirements:
- Bachelor’s degree or equivalent training required.
- CPCU or other similar designation a plus.
Job Tags
Full time,