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VP – Cyber and Professional Liability Lead

VP – Cyber and Professional Liability Lead

CompanyArch Capital Group
LocationToronto, ON, Canada
Salary$150000 – $225000
TypeFull-Time
DegreesBachelor’s
Experience LevelExpert or higher

Requirements

  • University Degree required; Finance or Business preferred.
  • Minimum of 10 years of previous underwriting/broker experience in relevant product areas.
  • Previous leadership experience required.

Responsibilities

  • Build a best-in-class underwriting team including recruitment, retention, development, and performance management.
  • Set strategy, communicate clear objectives and hold individuals accountable for achieving results in a high-performance culture.
  • Coach and support development opportunities to enhance staff effectiveness.
  • Proven team leadership and people management skills, including the ability to motivate staff and inspire a sense of purpose around successfully achieving organizational objectives.
  • Visible and credible business partner within Professional Liability across the organization with key relationships with North American colleagues.
  • Proven negotiation skills gained through established broker/client or broker/underwriter relationships.
  • Proven ability to grow a profitable and diversified book of business.
  • Demonstrated ability to develop and grow broker/producer relationships, maintain a high level of visibility and build strong distribution.
  • Develops market-specific strategies and customized approaches based on market conditions, pricing and broker needs.
  • Adapts to multiple demands and shifting priorities.
  • Demonstrates analytical, critical thinking, and problem-solving skills for quick, sound decisions.
  • Leads business development and guides new product implementation.
  • Proven ability to draft language efficiently and effectively for new products, endorsements, and applications.
  • Engages in product development as a member of internal drafting teams in collaboration with all stakeholders.
  • Provides the Canadian perspective to global product managers to assist them in understanding the nuances of our market, legal system and loss experience.
  • Develops sound underwriting strategy and holds responsibly for all aspects of execution.
  • Technical underwriting / referral resource for team.
  • Proficient in a broad array of Professional Liability and Financial Lines products, technologies, and processes.
  • P&L Accountability (production, weekly forecasting, monthly/quarterly financial reporting, planning, expense management).
  • Ability to lead and implement change management as required to be responsive to the market and profitability needs.
  • Reports key risk and performance details to Reinsurance Markets, Ceded Re, Senior Leadership and Canadian Board of Directors, as required.
  • Collaborates with key internal stakeholders to support lines of business (Executive, Claims, Actuary, General Counsel, Compliance, Marketing, Finance, Operations, IT, Ceded Re).
  • Responsibility for both self-audit and corporate underwriting audit in business tower.
  • Business owner representative for IT initiatives, systems and tools.

Preferred Qualifications

    No preferred qualifications provided.