AVP, Middle Market Construction - Arch Insurance Group : Job Details

Join to apply for the AVP, Middle Market Construction role at Arch Insurance Group Inc.

1 week ago Be among the first 25 applicants

Join to apply for the AVP, Middle Market Construction role at Arch Insurance Group Inc.

Arch Insurance Group Inc. provided pay range

This range is provided by Arch Insurance Group Inc.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$133,753.00/yr - $180,959.00/yr

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℠.Position SummaryThe Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of Middle Market construction casualty programs.Responsibilities and Accountabilities: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.
• Underwrites, prices and prepares Casualty quote proposals based on objective and subjective risk characteristics utilizing existing product set and in compliance with regulatory filings. Routinely engages with internal resources (i.e., Risk Engineering and Claims) to assist with the assessment of risk.
• Prepares final quotation/proposal and presents to producer and/or prospective insured.
• Coordinates all administrative duties related to existing and prospective accounts.

Account Management

• Quarterbacks all post bind activities including policy production, compliance issues, audits and adjustments, TPA coordination and any other related items.
• Together with internal team members, takes responsibility to deliver promised account service plans to customers.
• Responsible for managing pre-renewal reviews and the renewal process to achieve targeted retention and rate goals.

Sales and Marketing

• Develops and maintains relationships with key agency personnel to generate a flow of qualified submissions. Capable of leveraging existing relationships and developing/building new relationships.
• Fosters and maintains relationships with key agency personnel and insureds to achieve overall production and profit goals. Routine meetings to pipeline accounts, assess exposures and controls in relation to Arch appetite and understand critical customer needs.
• Develops a strategic plan for positioning and selling Arch at both the agency and insured level.
• Engages and introduces other team members or management team as appropriate.

Administrative

• Responsible for all underwriting and policy file documentation.
• Completes ad hoc projects as needed to enhance efficiency/productivity.

Required Skills and Abilities:

• Understanding and knowledge of the intent, scope and purpose of the Workers Compensation, General Liability, Automobile and Excess coverage forms and endorsements.
• Understanding and knowledge of exposure identification and analysis and the basics of guaranteed cost and small deductible underwriting.
• Possess a cross functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, reinsurance, finance and legal.
• Knowledge of Casualty regulatory and compliance issues.
• Excellent communication skills – written, verbal and presentation.
• Strong sales and negotiation skills.
• Be able to influence and provide support to other team members.
• Ability to perform multiple tasks simultaneously.
• Ability and willingness to travel to develop and maintain relationships in assigned territory.

Education and Experience:

• Ten (10) years of Casualty underwriting experience with Construction underwriting experience preferred.
• Established broker relationships within the region would be ideal.
• Bachelor's degree or equivalent training required.
• CPCU or CRIS designation a plus.

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.$133,753 - $180,959/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.
• 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 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.14400 Arch Insurance Group Inc.

Seniority level

• Seniority levelExecutive

Employment type

• Employment typeFull-time

Job function

• Job functionBusiness Development and Sales
• IndustriesInsurance

Referrals increase your chances of interviewing at Arch Insurance Group Inc. by 2x

Get notified about new Market Vice President jobs in Greater Chicago Area.

Chicago, IL $175,000.00-$200,000.00 1 hour ago

Senior Vice President Sales, Field Service Management

Itasca, IL $225,000.00-$250,000.00 1 day ago

Chicago, IL $155,000.00-$217,000.00 2 weeks ago

Vice President Industry Market Development

Chicago, IL $150,000.00-$180,000.00 2 weeks ago

Vice President of Sales – Leading National Water Treatment Company – High Growth - 78929

Chicago, IL $120,000.00-$300,000.00 1 day ago

Senior Vice President, Business Development & Client Officer - Healthcare

Chicago, IL $175,000.00-$250,000.00 4 days ago

VP, Middle & Large Business Data Science & AISenior Vice President, Product Management – Digital

Chicago, IL $216,000.00-$324,000.00 2 weeks ago

Vice President, CIO Go-To-Market Industry Lead - TMT/CBS

Chicago, IL $300,300.00-$401,660.00 3 days ago

Senior Vice President, Entertainment Public RelationsSenior Vice President, Business Development & Client Officer - HealthcareVice President of Finance – DTC, Retail & WholesaleSenior Vice President, Business Development

Chicago, IL $167,100.00-$300,800.00 1 month ago

Senior Vice President, Clinical Strategy and Solutions

Chicago, IL $275,000.00-$375,000.00 2 weeks ago

Chicago, IL $176,700.00-$263,655.00 22 hours ago

Senior Vice President Public Relations, B2B Technology

Chicago, IL $200,000.00-$247,000.00 7 months ago

Senior Vice President / General Manager, Operating Unit Lead - Professional Services

Chicago, IL $370,000.00-$461,000.00 2 weeks ago

Wheeling, IL $150,000.00-$200,000.00 1 week ago

Greater Chicago Area $150,000.00-$175,000.00 1 week ago

Regional Vice President - Multifamily Property Management

Chicago, IL $125,000.00-$175,000.00 1 week ago

Chicago, IL $100,000.00-$135,000.00 3 weeks ago

Senior Vice President, Public Relations, Financial Services

Chicago, IL $150,000.00-$175,000.00 2 weeks ago

Chicago, IL $110,000.00-$230,000.00 2 weeks ago

VP Underwriting, Expansion and Business Development

Chicago, IL $150,000.00-$290,000.00 1 day ago

Vice President, Investment Banking // Industrials Mergers & Acquisitions (M&A)

Chicago, IL $400,000.00-$600,000.00 2 weeks ago

We're unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

#J-18808-Ljbffr