Vice President Construction Risk Management Jobs in Ridgewood, NJ

Assistant Vice President – Arch Construction

The Assistant Vice President within Arch Construction is responsible for the technical underwriting and account management of large account construction casualty programs.

• Technical Underwriting
  • 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.
  • Assesses insurance and related financial risk and structures appropriate loss‑sensitive programs to effectively protect against frequency, severity, catastrophic and credit risk.
  • Engages internal resources as necessary.
  • Underwrites prices and prepares proposals based on objective and subjective risk characteristics, input from the internal resource team, existing product set, and regulatory filings.
  • Prepares final quotation/proposal and presents to producer and/or prospective insured.
  • Coordinates all administrative duties related to existing and prospective accounts.
• Account Management
  • Oversees all post‑bind activities including policy production, compliance issues, audits and adjustments, legal agreements, receipt of collateral, legal agreement execution, TPA coordination and other related items.
  • Takes responsibility to deliver promised service to customers.
  • Manages renewal and retention, achieving targeted retention and price‑change goals.
  • Initiates, coordinates and conducts mid‑term account reviews.
• Sales and Marketing
  • Develops and maintains relationships with producers and insureds to achieve overall production and profitability goals.
  • Engages producers and insureds to discuss individual account issues, uncover critical customer needs and financial buying characteristics.
  • Travels throughout the region with an estimated overnight travel schedule of 20% per month.
  • Develops a strategic plan for positioning and selling Arch at both the producer and insured levels.
  • Engages and introduces other team members or management as appropriate.
• Administrative
  • Responsible for all underwriting and policy file documentation.
  • Completes ad‑hoc projects as assigned by management personnel.

• Understanding and knowledge of Workers Compensation, General Liability, Automobile coverage forms and endorsements with the ability to tailor them to the sold program design.
• Thorough understanding of loss‑sensitive programs, including products, pricing, expensing, actuarial loss‑projecting techniques, retention and aggregate setting, limit profiles, ALAE, and effective utilization of facultative reinsurance.
• Knowledge of exposure identification and analysis.
• Cross‑functional generalist knowledge of claims, risk control, audit, premium accounting, finance, and legal.
• Knowledge of regulatory and compliance issues.
• Knowledge of Arch’s product set.
• Excellent written, verbal and presentation communication skills.
• Strong sales and negotiation skills.
• Ability to lead and support other team members.
• Multitasking ability and influence without authority.
• Highly proficient in Microsoft Excel, Word, Outlook, and PowerPoint.

Bachelor’s degree or equivalent training required. CPCU or other similar designation a plus.

Seven (7) plus years of underwriting experience and/or seven (7) plus years in the construction industry and/or insurance industry. Established broker relationships within the region are ideal.

New York, JC, Boston: $144,100 – $223,693 per year. Philadelphia, Hartford: $133,300 – $206,958 per year. Total compensation is incentive eligible and may vary based on location, responsibilities, qualifications, and business needs.

Comprehensive benefits—including medical, dental, vision, prescription drug coverage; a competitive 401(k) with generous matching; paid time off of at least 20 days per year; up to 12 paid company holidays; 2 paid days of volunteer time; basic life and AD&D insurance; short‑term and long‑term disability; paid parental leave of up to 10 weeks; student loan assistance and tuition reimbursement; backup child and elder care support.