Apply on Employer Site

Arch Insurance Group Inc. · 1 day ago

VP, NAC

Chicago, IL United States of America

Full-time

Hybrid

Director/Executive

$180K/yr - $205K/yr

15+ years exp

Arch Insurance Group Inc. is a company that promotes progress and inspires its clients, employees, investors, and communities. The Vice President of Arch National Accounts Casualty (NAC) is responsible for the technical underwriting and account management of loss sensitive casualty programs, working closely with retail brokers to attract and retain these accounts.

FinanceFinancial ServicesInsurance

H1B Sponsor Likely

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

Qualification

Technical UnderwritingLoss Sensitive ProgramsLarge Casualty AccountsRegulatory ComplianceSalesExposure IdentificationNegotiationMicrosoft ExcelMicrosoft PowerPointMicrosoft WordCustomer ServiceTeam CollaborationWritten CommunicationVerbal Communication

Required

At least 15 years of related experience

Large Casualty Accounts experience required

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

Preferred

College degree preferred

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

Short and Long-Term Disability

Paid Parental Leave of up to 10 weeks

Student Loan Assistance

Tuition Reimbursement

Backup Child and Elder Care

Company

Arch Insurance Group Inc.

Arch Insurance Group Inc., a division of Arch Capital Group Ltd. (ACGL), is a market-leading specialty insurer.

Founded in 2002

Jersey City, New Jersey, USA

1001-5000 employees

https://insurance.archgroup.com

H1B Sponsorship

Arch Insurance Group Inc. has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (18)

2024 (18)

2023 (10)

2022 (10)

2021 (8)

2020 (3)