AVP, Construction

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Position Summary:
The Assistant Vice President within Arch Construction Southeast is responsible for the technical underwriting and account management of large account construction loss sensitive casualty programs.

Responsibilities and Accountabilities:

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.

• 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.

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.

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; frequent travel throughout the Southeast Region with an estimated overnight travel schedule of 20% per month.

• Develops a strategic plan for positioning and selling Arch at both the producer and the insured level.

• Develops and maintains relationships with producers to generate a flow of qualified submissions.

Required Skills and Abilities:

• 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.

• 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.

• Have the ability to influence without authority and be willing to work in a collaborative and team environment.

• Highly proficient in Microsoft Excel, Word, Outlook, and PowerPoint.

Education and Experience:

• Seven plus years of loss sensitive underwriting experience, preferably including construction industry underwriting.

• Established broker relationships within the Southeast Region would be ideal.

• Bachelor’s degree or equivalent training required.

• CPCU or other similar designation a plus.

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Arch is committed to helping employees succeed through our comprehensive benefits package that includes 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; and more. Click here to learn more on available benefits.

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