Senior Underwriter/AVP, Retail Energy

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.

Position Summary:

The Senior Underwriter/Assistant Vice President of Arch Retail Energy is responsible for the technical underwriting and account management of Retail Energy programs on a loss sensitive or guaranteed cost casualty basis; this includes working with retail brokers and agents to attract, service, and retain these accounts.

Responsibilities and Accountabilities:

• Solicits and review of 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.
• 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.
• Collaborates with other Arch units where appropriate to deliver a holistic customer insurance solution.
• 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.

Required Skills and Abilities:

• Knowledge of coverage terms - Workers Compensation, Excess Workers Compensation, General Liability and Automobile Liability, Umbrella and associated 1st party lines of Contractors Equipment and Property.
• Knowledge of energy industry exposures and dynamics.
• Able to adapt to underwriting to changing nature of the energy industry and maintain proficiency of energy insurance knowledge.
• Knowledge of large deductible, guaranteed cost, 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.
• 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.
• Firsthand 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 10 years of related experience.
• Large Casualty Accounts and Energy experience required.

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14400 Arch Insurance Group Inc.