Arch

  • Assistant Vice President, National Accounts Casualty

    Job Locations US-NY-New York
    Job ID
    2018-1729
    # of Openings
    1
    Category
    National Accounts Casualty
  • Overview

    Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, Australia and South Africa, providing specialty risk solutions to clients worldwide across a wide range of industries. With over ten years of operating history and strong financial ratings, our track record remains solid. 

     

     

     

    Responsibilities

    The Position: 

    The Assistant 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.

     

    Key Competencies:

    • 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. 
    • 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.

    Qualifications

    Technical Skills:

    • 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. 
    • 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. 
    • 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.

    Education & Experience:

    • College degree preferred.
    • At least 8 years of related experience.
    • Large Casualty Accounts experience required.

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