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 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 and over time the hiring and management of underwriters.
Management and Team Development
- Hires the next underwriter added to the team
- Manages that UW and future hires on the contractors professional/pollution team.
- Provides training as needed to other team members
Portfolio Management
- Drives effort to expand Arch footprint where pricing and selection are favorable
- Helps drive efforts to develop standard underwriting procedures and pricing strategies with assistance of various internal resources
- Takes a lead in ongoing reviews of file standards and compliance.
- Continually assists with evaluation of portfolio’s pricing adequacy and profitability
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.
- Engages 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.
- Drives training of new underwriters as they join the team
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.
- Coordinates with other Construction UW teams to deliver joint service as appropriate
Sales and Marketing
- Develops and maintains relationships with producers and insured’s to achieve overall production 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 for any files handled
- Coordinates all administrative duties related to existing and prospective accounts.
- Completes ad hoc projects as assigned by management personnel
Skills/Experience:
- Experience managing underwriters
- 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 endt., 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.
Qualifications:
- 15 plus years of construction professional liability/pollution liability underwriting experience
- Experience in roles with responsibility assisting or driving underwriting guideline and tool development and people management
- Established broker relationships
Education:
- Bachelor’s degree or equivalent training required.
- CPCU or other similar designation a plus.
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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.
$180,571 - $244,301/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.
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 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.
For Colorado Applicants - The deadline to submit your application is:
August 11, 202514400 Arch Insurance Group Inc.
