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AVP, Professional Liability, Construction Specialty Products

LocationMultiple locations
Pay$133,300–$207,000/year
Work arrangementNot specified
Job typeFull-time
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Pay evidencePay listed in job posting
ApplicationContinue to employer career siteYou’ll complete your application on Arch Insurance Group’s hiring system.
Last checked4 hours ago

About the role

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℠. Job Summary The Assistant Vice President within Arch Construction Specialty Products is responsible for the day-to-day technical underwriting and account management of construction professional liability (PL) and contractor’s pollution (CPL) book of business. Responsibilities 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.
  • 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. Account Management
  • Quarterbacks all post bind activities and has responsibility to deliver promised service to customers.
  • Responsible for the renewal and retention management process to achieve targeted retention and price change goals. Portfolio Management
  • Drives effort to expand Arch footprint where pricing and selection are favorable
  • Leads efforts to develop standard underwriting procedures and pricing strategies with assistance of various internal resources
  • Continually assists with evaluation of portfolio’s pricing adequacy and profitability 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.
  • Develops a strategic plan for positioning and selling Arch at both the producer and the insured level. Administrative
  • Responsible for all underwriting and policy file documentation
  • Coordinates all administrative duties related to existing and prospective accounts.
  • Completes ad hoc projects as assigned by management personnel Skills/Experience
  • Understanding and knowledge of the intent, scope and purpose of Contractor’s Professional Liability and Pollution Liability coverage forms and endorsements
  • Experience tailoring policy wordings, including via manuscript endorsement, and designing bespoke program terms to address specific risks
  • A thorough understanding of construction professional and pollution pricing, exposure identification and analysis, retention and aggregate setting, and limit profiles
  • Cross-functional generalist knowledge of other P&C lines of business as well as the support disciplines including claims, risk control, audit, premium accounting, finance and legal.
  • Excellent communication skills – written, verbal and presentation
  • Sales and Negotiation skills
  • Be able to provide leadership and support to other team members
  • Ability to multitask
  • Ability to influence without authority and be willingness to work in a collaborative team environment.

What they're looking for

  • Ten plus years of construction professional liability/pollution liability underwriting experience
  • Experience in roles with responsibility assisting or driving underwriting guideline and tool development
  • Established broker relationships Education
  • Bachelor’s degree or equivalent training required.
  • CPCU or other similar designation a plus. #LI-Hybrid #LI-JD1 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. $133,300 - $207,000/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.

Benefits

  • 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.

What you'll do

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. • 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. Account Management • Quarterbacks all post bind activities and has responsibility to deliver promised service to customers. • Responsible for the renewal and retention management process to achieve targeted retention and price change goals. Portfolio Management • Drives effort to expand Arch footprint where pricing and selection are favorable • Leads efforts to develop standard underwriting procedures and pricing strategies with assistance of various internal resources • Continually assists with evaluation of portfolio’s pricing adequacy and profitability 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. • Develops a strategic plan for positioning and selling Arch at both the producer and the insured level. Administrative • Responsible for all underwriting and policy file documentation • Coordinates all administrative duties related to existing and prospective accounts. • Completes ad hoc projects as assigned by management personnel Skills/Experience • Understanding and knowledge of the intent, scope and purpose of Contractor’s Professional Liability and Pollution Liability coverage forms and endorsements • Experience tailoring policy wordings, including via manuscript endorsement, and designing bespoke program terms to address specific risks • A thorough understanding of construction professional and pollution pricing, exposure identification and analysis, retention and aggregate setting, and limit profiles • Cross-functional generalist knowledge of other P&C lines of business as well as the support disciplines including claims, risk control, audit, premium accounting, finance and legal. • Excellent communication skills – written, verbal and presentation • Sales and Negotiation skills • Be able to provide leadership and support to other team members • Ability to multitask • Ability to influence without authority and be willingness to work in a collaborative team environment.

Compensation

$133,300–$207,000/year

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2 current Minnesota openings at Arch Insurance GroupAcross 2 listed Minnesota locations in HireMN.

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AVP, Professional Liability, Construction Specialty ProductsMultiple locations