connection to 192.168.30.16:3312 failed (errno=111, msg=Connection refused)connection to 192.168.30.16:3312 failed (errno=111, msg=Connection refused) Assistant Vice President, Construction Job in Chicago, IL, 437679484 | UnderwritingCrossing.com
Job added in hotlist
Applied job
Contract job
90-day-old-job
part-time-job
Recruiter job
Employer job
Expanded search
Apply online not available
Similar Jobs
View more jobs in Chicago, IL
View more jobs in Illinois

Job Details

Assistant Vice President Construction

Company name
Arch Capital Group Ltd.

Location
Chicago, IL

Apply for this job






13 hit(s)  

Profile

Assistant Vice President, Construction

Overview

The Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty programs.

Responsibilities

PRINCIPLE DUTIES

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.

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.

Account Management

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.

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.

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.

Engages and introduces other team members or management team as appropriate.

Develops and maintains relationships with producers to generate a flow of qualified submissions.

Administrative

Responsible for all underwriting and policy file documentation

Completes ad hoc projects as assigned by management personnel

Qualifications

SKILLS & KNOWLEDGE

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.

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

Excellent communication skills ? written, verbal and presentation

Sales and Negotiation skills

Be able to provide leadership and support to other team members

Ability to perform multiple tasks simultaneously

Have the ability to influence without authority and be willing to work in a collaborative and team environment.

Required Experience:

Five (5) plus years of underwriting experience and/or 10 plus years experience in the construction industry and/or insurance industry.

Established broker relationships within the Central Region would be ideal.

Educational Requirements:

Bachelor's degree or equivalent training required.

CPCU or other similar designation a plus.

SDL2017

ID#:

648055722

Location:

Chicago, IL

, 60602

Type:

Construction, Mining & Trades

Company:

Arch Capital Group Ltd.

Company info

Arch Capital Group Ltd.

Company Profile

EmploymentCrossing provides an excellent service. I have recommended the website to many people..
Laurie H - Dallas, TX
  • All we do is research jobs.
  • Our team of researchers, programmers, and analysts find you jobs from over 1,000 career pages and other sources
  • Our members get more interviews and jobs than people who use "public job boards"
Shoot for the moon. Even if you miss it, you will land among the stars.
UnderwritingCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
UnderwritingCrossing is the first job consolidation service in the employment industry to seek to include every job that exists in the world.
Copyright © 2018 UnderwritingCrossing - All rights reserved. 21