VP, NAC

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Job Summary

The Vice President of Arch National Accounts Casualty (NAC) is responsible for the technical underwriting and account management of loss sensitive casualty programs; this includes working with retail brokers to attract and retain these accounts.

Responsibilities

• 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
• Maintain Underwriting discipline:
  • Develop action plans for renewal business to ensure we balance high renewal retention with underwriting action needed on certain accounts.
  • Quality of Over Authority Referrals - Covers important issues in an appropriate manner.
• Assesses insurance and related financial risk and structures appropriate loss sensitive program to effectively protect against frequency, severity, catastrophic and credit risk
• Underwrites, prices and prepares proposals based on objective and subject risk characteristics, input of internal resource team, existing product set and regulatory filings
• Negotiates and places facultative reinsurance when applicable
• Prepares final quotation/proposal and presents to producer and or prospective insured.
• Coordinates all administrative duties related to existing and prospective accounts.
• 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 service related items.
• Together with internal team members, takes responsibility to deliver promised service to customers.
• Responsible for renewal and retention management and manages the renewal process to achieve targeted retention and price change goals.
• Initiates, coordinates and conducts a midterm account review
• Develop, expand, and enhance broker and client relationships within the region, through high visibility and frequent engagement

Education and Experience

• Knowledge of coverage terms - Workers Compensation, Excess Workers Compensation, General Liability and Automobile Liability.
• Knowledge of large deductible, retrospective, self-insured and single parent captive insurance programs.
• Understanding and knowledge of exposure identification and analysis.
• Possess a cross-functional generalist knowledge of other disciplines including claims, risk control, audit, premium accounting, finance and legal.
• Knowledge of regulatory and compliance issues.
• Strong Sales and Negotiation skills.
• Ability to perform multiple tasks simultaneously.
• Have the ability to influence without authority and be willing to work in a collaborative and team environment.
• Strong customer service, negotiation and presentation skills.
• Hands-on experience and strong aptitude with Microsoft Excel, PowerPoint and Word.
• Excellent written/verbal communication and organizational skills
• Ability to work well in a team environment.
• College degree preferred
• At least 15 years of related experience
• Large Casualty Accounts experience required

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For individuals assigned or hired to work in California, Colorado, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.

$200,634 - $271,446/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 range may be modified in the future
• Click here to learn more on available benefits

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