Hybrid AVP, Construction

at Arch Capital Group Ltd.

• Job title: AVP, Construction
• Job type: Full Time
• Experience level: Lead
• Salary: $150,000 - $175,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Los Angeles, United States

About the role

• Assistant Vice President managing technical underwriting and account management for construction casualty programs. Developing relationships with producers to achieve profitability goals.

Responsibilities

• The Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty programs.
• 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.
• 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.
• Quarterbacks all post bind activities including policy production, compliance issues, audits and adjustments, legal agreements, receipt of collateral, legal agreement execution, TPA coordination.
• 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.
• 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.
• Engages and introduces other team members or management team as appropriate.
• Develops and maintains relationships with producers to generate a flow of qualified submissions.
• Responsible for all underwriting and policy file documentation.
• Completes ad hoc projects as assigned by management personnel.

Requirements

• 10 plus years of underwriting experience and/or 10 plus years experience in the construction industry and/or insurance industry
• Understanding and knowledge of the intent, scope and purpose of the Workers Compensation, General Liability, Automobile coverage forms and endorsements
• 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
• 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 Arch’s product set
• Highly proficient in Microsoft Excel, Word, Outlook, and PowerPoint.

Benefits

• 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.