Arch

  • RVP, Construction

    Job Locations US-CA-San Francisco | US-CA-Los Angeles
    Job ID
    2018-2100
    # of Openings
    1
    Category
    Construction
  • 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.

     

    The Regional Vice President within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty programs; this includes working with producers and insured to attract and retain these accounts.  This position is also responsible for the management/development of staff.  This is a management position reporting to the Senior Vice President, Construction. 

    Responsibilities

    PRINCIPLE DUTIES 

    1. Management
    • Achieve Construction Financial Plan – Targets for ROC, combined ratio, expense ratio, rate change, renewal retention, and paid and case ratios
    • 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
    • Build for the Future: Develop Regional Plan - Components to include Staff Development and Producer Strategy
    • Developing a culture within the region consistent with Construction and Arch's direction and strategy
    • Deliver on Construction service standards to producers and insured 
    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
    • Leads the regional team in developing and maintaining 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
    • Reports important information to SVP of Construction via management reports, emails, meetings, and phone conversation in a timely fashion
    • Ensures that outstanding receivables, signed agreements, policy forms and issuance, and underwriting files are executed and maintained across the region

    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:

    • 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 Western Region would be ideal 

    Educational Requirements:

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

    Arch complies with the San Francisco Fair Chance Ordinance when considering qualified applicants with arrest or conviction records for positions in our San Francisco office.

     

    Arch complies with the Los Angeles Fair Chance Initiative for Hiring Ordinance when considering Qualified Applicants with Criminal Histories for positions in our Los Angeles office.

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