Arch Capital Group Ltd.

Arch Capital Group Ltd. is self-described as a global leader in insurance, reinsurance, and mortgage insurance solutions. The company leverages its unique under

AVP – Middle Market Solutions

Vice PresidentVice PresidentFull TimeRemoteLeadCompany Site

Location

Illinois

Posted

142 days ago

Salary

$100.1K - $165.1K / year

Seniority

Lead

Bachelor Degree7 yrs expEnglish

Job Description

• Participate in the development and execution of regional Underwriting strategy for LoB(s) and work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross-selling • Ensure a profitable book of Property and Casualty insurance by writing new accounts with varying premiums and complexity, growing successful agent and broker relationships • Underwrite new and renewal accounts to meet top and bottom-line targets • Negotiate price and terms and conditions with producers • Ensure accurate policy documentation issued to producers or producers has issued documentation (where producer responsibility) • Ensure contract certainty is achieved on all accounts at time of inception • Ensure utilization of global pricing tools • Ensure placing and binding of FAC Reinsurance prior to policy inception • Underwrite in line with LOB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles • Proactively support completion of policy administration and credit control processes • Contribute to development and execution of regional Underwriting strategy for LoB regionally • Training, developing and coaching of less experienced staff (including Underwriters) • Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary) • Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate • Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)

Job Requirements

  • 7-10 years experience in proven track record in Underwriting profitable business in LoB.
  • Good understanding of LoB products and portfolio
  • 7-10 years experience in demonstrating established relationships with brokers at peer group level and established within market
  • 7-10 years experience in understanding of regional / local LoB insurance markets and competitor landscape
  • College degree preferably in Economics, Finance, Insurance Management, or Business Administration
  • Completion of professional insurance qualification (e.g. CII)

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.

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