AVP, Construction Specialty Products
AVP, Construction Specialty Products
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Salary Not Disclosed
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 AVP within Arch Construction Specialty Products is responsible for the technical underwriting and account management construction specialty products-sub default insurance.
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 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.
2. Account Management
Quarterbacks all post bind activities including policy production compliance issues audits and adjustments legal agreements 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.
3. Sales and Marketing
Develops and maintains relationships with producers and insureds to achieve overall productions and profitability goals.
Meets with producers and insureds 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.
4.Administrative
Responsible for all underwriting and policy file documentation
Completes ad hoc projects as assigned by management personnel
SKILLS & KNOWLEDGE
Understanding and knowledge of the intent scope and purpose of the Specialty Product coverage forms and endorsements with the ability to tailor to the sold program design.
Possess a thorough understanding of 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 Archs 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 and Education
Five (5) plus years of underwriting experience and/or 10 plus years experience in the construction industry and/or insurance industry.
Established broker relationships would be ideal.
Bachelors 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.
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
