Arch

  • Assistant Vice President, Construction

    Job Locations US-TX-Dallas
    Job ID
    2018-1621
    # of Openings
    1
    Category
    Construction
  • Overview

    The Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty programs.

    Responsibilities

     

    PRINCIPLE DUTIES

     

    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.
    • Assesses insurance and related financial risk and structures appropriate loss sensitive program to effectively protect against frequency, severity, catastrophic and credit risk
    • Engage other internal resources as necessary
    • 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.
    • Coordinates all administrative duties related to existing and prospective accounts.

     

    1. Account Management
    • 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 related items.
    • Together with internal team members, takes responsibility to deliver promised service to customers.
    • Responsible for the renewal and retention management and manages the renewal process to achieve targeted retention and price change goals.
    • Initiates, coordinates and conducts a mid term account review.

     

    1. Sales and Marketing
    • 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.
    • Engages and introduces other team members or management team as appropriate.
    • Develops and maintains relationships with producers to generate a flow of qualified submissions.

     

    1. Administrative
    • Responsible for all underwriting and policy file documentation
    • Completes ad hoc projects as assigned by management personnel

     

    Qualifications

     

    SKILLS & KNOWLEDGE

    • 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.

     

    Required Experience:

    • Five (5) plus years of underwriting experience and/or 10 plus years experience in the construction industry and/or insurance industry.
    • Established broker relationships within the South Central Region would be ideal.

     

    Educational Requirements:

    • Bachelor’s degree or equivalent training required.
    • CPCU or other similar designation a plus.

     

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