Vp, Construction Jobs

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 goals. In short, We Enable Possibility℠.
The Vice President within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty programs.
Responsibilities:
Technical Underwriting

• Prepares final quotation/proposal and presents to producer and/or prospective insured.
• 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
• Identifies all potential exposures and hazards in relation to coverage requested and individual risk characteristics.
• Solicits and reviews new and renewal account information required to evaluate a risk.
• Underwrites prices and prepares proposals based on objective and subject risk characteristics, input of internal resource team, existing product set and regulatory filings.
• Coordinates all administrative duties related to existing and prospective accounts.

Account Management

• Together with internal team members, takes responsibility to deliver promised service to customers.
• 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.
• 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

• Engages and introduces other team members or management team as appropriate.
• Meets with producers and insured’s to discuss individual account issues, uncover critical customer needs and financial buying characteristics.
• Develops and maintains relationships with producers to generate a flow of qualified submissions.
• Develops a strategic plan for positioning and selling Arch at both the producer and the insured level.
• Develops and maintains relationships with producers and insured’s to achieve overall productions and profitability goals.

Administrative

• Completes ad hoc projects as assigned by management personnel
• Responsible for all underwriting and policy file documentation

Required Skills/Experience:

• 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
• Highly proficient in Microsoft Excel, Work, Outlook, and PowerPoint
• Posses a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal.
• Knowledge of Arch’s product set
• Sales and Negotiation skills
• Knowledge of regulatory and compliance issues
• Have the ability to influence without authority and be willing to work in a collaborative and team environment.
• Excellent communication skills – written, verbal and presentation
• 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.
• Ability to perform multiple tasks simultaneously
• Be able to provide leadership and support to other team members

Required Experience:

• Established broker relationships within the Central Region would be ideal.
• 10 plus years of underwriting experience and/or 10 plus years experience in the construction industry and/or insurance industry.

Education:

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

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 isn’t the right fit but you’re 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 Arch’s Talent Acquisition team.