AVP – Middle Market Solutions

Job not on LinkedIn

October 27

🌽 Illinois – Remote

Although this job is listed in Illinois, this company may be open to hiring remote in other states.

💵 $100.1k - $165.1k / year

⏰ Full Time

🔴 Lead

👔 Vice President

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Arch Capital Group Ltd.

WebsiteLinkedInAll Job Openings

Insurance • Finance • Enterprise

Arch Capital Group Ltd. is a global leader in providing specialty insurance, reinsurance, and mortgage insurance solutions. Arch offers risk management and risk financing services across a range of industries and operates through distinct businesses in North America, Europe, and Australia. The company is known for its innovative approach to risk, utilizing cutting-edge analysis to target and price risks effectively. Arch Capital Group's portfolio and operations reflect their commitment to sustainability and governance while continually seeking new market opportunities. Additionally, Arch Capital is recognized for its financial strength and increasing shareholder value through strategic growth and investments.

5001 - 10000 employees

Founded 2001

💸 Finance

🏢 Enterprise

📋 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)

🎯 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.