What are the responsibilities and job description for the AVP, Property Underwriting position at 14400 Arch Insurance Group Inc.?
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℠.
Responsibilities and Accountabilities:
Under the guidance of South East Region Property management and within the company guidelines, develop a profitable book of property insurance business for US domiciled upper middle market and middle market accounts within the region
Create business plans in collaboration with our Distribution division to achieve targeted production with identified key wholesale brokers. Identify occupancy classes to be targeted with these producers
Develop and maintain relationships with approved wholesale brokers, including but not limited to travels within the region, prepare and deliver presentations, training on our new products
Underwrite, maintain, and grow a profitable book of business in the non-admitted property market with wholesale brokers. This includes evaluate and prioritize submissions; analyze exposure, coverage requests; determine acceptable deployment of gross and net capacity, determine pricing and negotiate the final property insurance product on an account basis
Monitor portfolio metrics
Identify business opportunities to differentiate the company
Required Skills and Abilities:
Well-developed active listening, problem solving and interpersonal skills for developing and strengthening broker relationships
Strong communications skills, business writing and oral presentation skills
Well-developed business acumen to understand performance metrics, develop and implement profitable growth strategy within dedicated territory
Shared and layered property account experience as well as experience negotiating Manuscript forms
Strong organizational skills and ability to work independently
Sound technology capabilities in Microsoft products such as Excel, Word, and PowerPoint and ability to use and manipulate data
Knowledge of CAT Modeling parameters (PML, AAL, data quality) to assess an account and a portfolio exposure and calculate a CAT rate
Understand the key elements of risk selection and risk assessment, can develop loss estimates, develop and negotiate a risk mitigation plan based on survey reports and place fac reinsurance when necessary
Education/Experience:
Bachelor's degree (ideally with a degree/major in Economics, Business, Risk-management or Engineering)
Additional industry-specific study or designations (such as CPCU & ARM) are a plus
7 years of property experience handling upper middle market and middle market property accounts. This should include at least 5 years at a non-admitted carrier as an underwriter
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14400 Arch Insurance Group Inc.