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Risk Control Director Full-time

at in Illinois (Published at 15-05-2019)

The Position

Arch Capital Group Ltd. is a Bermuda-based company which provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. Arch offers competitive pay and a comprehensive benefits package. Additionally, Arch is committed to helping its associates create what?s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company.

A subsidiary of Arch Capital Group Ltd., Arch Insurance employs disciplined underwriting and prudent risk selection across all types of business. We have offices in the United States, Canada, Bermuda, UK, and Australia.

Arch Insurance Group is a market-leading specialty insurer providing property, casualty and a wide range of specialty insurance for corporations, professional firms and financial institutions around the globe. From product development to policy servicing to claims payment, we are dedicated to providing our customers with superb coverage and service.

Arch offers competitive pay and a comprehensive benefits package including a student loan assistance program, 401k company match and employee stock purchase plan (ESPP). Additionally, Arch is committed to supporting professional development and a culture that encourages innovation, collaboration and professional growth.

This position supports the Arch Insurance Construction business unit by:
  • assisting underwriting in risk prequalification, assessment and selection
  • identifying/managing customer service needs and developing appropriate service plans
  • managing agreed upon account activities, expenses and relationships
  • monitoring and maintaining risk control services in accordance with regulatory requirements
  • developing/delivering risk control improvement efforts that assist underwriting and clients in understanding, evaluating and controlling exposures.

Job Responsibilities

The primary function of this position is to support the placement of profitable insurance:

  • Work collaboratively with Construction Underwriting to review risk submissions and complete the pre-qualification and risk review of desirable insureds.
  • Provide Underwriting with detailed risk assessments of typical workers? compensation, general liability, and auto liability exposures based on expected loss frequency and severity for specific risks and industry segments.
  • Based on review of loss experience/history, provide Underwriting feedback on how well a specific risk mirrors expected loss performance for both new business and renewals.
  • Identify/investigate specific accidents/claims that represent atypical occurrences.
  • Provide Underwriting with information on exposures that may be unusual or unexpected for the specific risk versus class of risk based on scope of operations.
  • Provide Underwriting with information on catastrophic exposures contemplated by class of risk, geographical location, employee/third party concentration, etc.
  • Assist in new business marketing/sales and renewal (account retention) processes.
  • Determine and implement consultative risk control and loss cost containment service strategies/needs for insureds.
  • Conduct strategic risk improvement services such as loss analyses; contractual risk transfer reviews; fleet risk management reviews; quality assurance & quality control assessments; injury management best practices; and managerial level training and education to eliminate and/or reduce the potential for frequent and severe losses.
  • Coordinate with regional Arch Construction Claims Management and TPA staff to ensure integration of risk control strategies and services into execution of claims management & managed care services.
  • Participate in high visibility, high impact construction industry associations with defined strategic purpose (e.g., CFMA, AGC).
  • Provide pre-renewal monitoring and feedback to Underwriting.

Desired Skills/Experience

Experience & Credentials:
  • 10 plus years preferred of risk control/loss prevention, construction safety, and/or risk management experience.
  • Prefer field & managerial construction experience with a GC/CM or large trade contractor.
  • Knowledge of insurance coverages, typical exposures to loss, and the economics of insurance and risk control.
Construction Knowledge: Working knowledge of critical construction risk management principles and methods such as:
  • General building, heavy/highway, specialty trades and civil/marine construction operations and exposures.
  • Construction delivery systems, including design-bid-build, design/build, engineer procure construct (EPC), as well as joint ventures.
  • Construction processes, such as constructability, budget, scope, schedule, sequence and means/methods.
  • Strong background in General Liability exposures and necessary controls (QA/QC and CD prevention, Subcontractor Prequalification, Work Zone Liability, etc.)
  • Contracts and contractual risk transfer techniques and methods.
  • Fleet, crane and heavy equipment operations and controls.
  • Wrap-ups and Controlled Insurance Programs (both owner and contractor controlled).
Skills & Competencies:
  • Ability to multi-task and organize to achieve competing priorities.
  • A proven collaborator (?team player?) capable of partnering both internally with Underwriting & Claims, as well as externally with distributors (producers? claims & loss control teams).
  • Strategic and consultative mindset with demonstrated successes.
  • Strong written/verbal communication and group presentation skills. Ability to quickly develop professional and meaningful underwriting risk assessments.
  • Active in local/regional construction industry associations.
  • Working knowledge of Microsoft Office Suite applications (Word, Excel and PowerPoint).
  • Ability for frequent travel throughout the Underwriting region as well as potential periodic travel outside of the Central Region to service multi-state accounts and participate in internal meetings and industry functions. Estimated routine overnight travel is 25% (or less) per month with occasional peaks to 30-40%.

Education

  • Undergraduate degree preferred in a related technical field such as safety, risk management, loss control, construction mgmt, etc.
  • Prefer licensure and/or certifications such as Certified Safety Professional (CSP); Associate in Risk Management (ARM); Construction Risk and Insurance Specialist (CRIS) or similar professional designations.


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