VP, NAC

.VP, NAC page is loaded## VP, NAClocations:
Chicago, IL United States of America time type:
Full time posted on:
Posted Todayjob requisition :
R25 1265

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℠.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
*** TECHNICAL SKILLS
**** 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.
*** EDUCATION AND EXPERIENCE
**** College degree preferred
* At least 15 years of related experience
* Large Casualty Accounts experience required#LI-JD1  #LI-Hybrid For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.$180,000 - $205,000/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 pay range may be modified in the future.
* Arch is committed to helping employees…