VP, Marine
VP, Marine
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$ 225000 - 275000
1 Vacancy
Job Description
With a company culture rooted in collaboration expertise and innovation we aim to promote progress and inspire our clients employees investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their short We Enable Possibility.
Position Summary
The Vice President of Arch Marine is responsible for the technical underwriting account management and profitability of that product line insurance portfolio.
Responsibilities and Accountabilities
- Acting within the company guidelines and letter of authority will develop a profitable book of product specific Marine business.
- Create a new business plan in collaboration with our Strategy and Distribution division to achieve target production with our producer partners.
- Develop and maintain relationships with approved producers through marketing - preparing and delivering presentations training and introduction of new products.
- Assist with developing new relationships with producers who have the kind of profitable Marine business we are targeting.
- Maintain underwriting discipline through experience product knowledge exposure analysis use of tools and resources in making sound underwriting judgements.
- Proactively manage renewals to ensure high retention levels while taking corrective measures on unprofitable business.
- Ability to multi-task manage a high submission flow evaluate prioritize expeditiously determine eligibility and deliver quotes in a timely manner to achieve a high bind to quote ratio.
- Mentor offer support and guidance for our less experienced team underwriters.
- Identify new business opportunities to differentiate the company.
- Support senior management in promoting department initiatives goals and objectives.
Required Skills and Abilities
- Extensive product knowledge of product specific marine insurance coverage forms endorsements and manuscript forms.
- Strong market presence and following with our target producer base and a respected lead among market competitors.
- Knowledge placing facultative reinsurance.
- Must have well developed active listening problem solving mindset and interpersonal skills for developing and strengthening broker relationships.
- Strong communication skills business writing and oral presentation skills must be excellent.
- Must have well developed business acumen to understand performance metrics develop and implement profitable growth strategy within his/her dedicated territory.
- Must have strong organizational skills and ability to work independently.
- Sound technology capabilities in Microsoft products such as Excel Word and PowerPoint and ability to use and manipulate data.
- Knowledge of CAT Modeling parameters (PML AAL data quality) to assess an account and a portfolio exposure and calculate a cat rate.
- Understand the key elements of risk selection and risk assessment can develop loss estimates develop and negotiate a risk mitigation plan based on survey reports and place facultative reinsurance when necessary.
Education/Experience
- Bachelors degree
- Additional industry-specific study or designations (such as CPCU & ARM) are a plus
- 10 years experience underwriting product specific Marine business.
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For individuals assigned or hired to work in the location(s) indicated below the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.
$225000 - $275000/year
Total individual compensation (base salary short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location scope & responsibilities of the role qualifications talent availability & specialization as well as business needs. The above pay range may be modified in the future.
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.
Do you like solving complex business problems working with talented colleagues and have an innovative mindset Arch may be a great fit for you.If this job isnt the right fit but youre interested in working for Arch create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Archs Talent Acquisition team.
14400 Arch Insurance Group Inc.Required Experience:
Exec
Employment Type
Full-Time
