VP, Premium Audit
Arch Capital Group Ltd.
full-time
Posted on:
Location Type: Remote
Location: Illinois • Minnesota • United States
Visit company websiteExplore more
Salary
💰 $180,200 - $243,324 per year
Job Level
About the role
- responsible for leading a large, complex function that drives premium accuracy, operational efficiency, and an exceptional customer experience
- sets tactical plans for the Premium Audit operating model, modernizes processes and technology, and ensures the function delivers accurate, compliant, and cost-effective audit outcomes
- oversees multiple teams led by managers and supervisors, along with a significant external vendor network, and is accountable for workforce strategy, financial stewardship, and continuous improvement across the audit lifecycle
- develop and execute tactical/operational plans for the Premium Audit function aligned with enterprise goals
- drive strategies to lower the cost of the operating model, optimize internal resources, and reduce vendor dependency and spend
- modernize and optimize the technology stack supporting audit operations, ensuring alignment with digital transformation priorities
- establish clear performance objectives, quality standards, and workforce strategies to ensure the availability and optimization of critical talent
- influence senior leaders and cross-functional partners to adopt new processes, tools, and insights that improve audit performance and premium realization
- lead, coach, and develop multiple teams of managers and supervisors across the Premium Audit organization
- foster a high-performance culture that emphasizes accountability, continuous improvement, and customer-centric service
- create strategic workforce and staffing plans to ensure cost-effective deployment of talent across internal teams and vendor partners
- promote a collaborative, innovative, and inclusive work environment that supports employee growth and engagement
- oversee accurate and timely premium audit delivery across internal teams and external vendors
- champion a superior and differentiating customer experience, ensuring that all audit interactions, whether delivered internally or through vendors, are clear, efficient, and value-adding for policyholders, agents, and underwriting partners
- lead initiatives to streamline workflows, reduce cycle times, and enhance operational scalability
- identify and execute opportunities to improve premium realization and reduce leakage through enhanced audit methodology, data usage, and process rigor
- ensure all activities comply with regulatory, legal, and corporate requirements
- leverage data and analytics to generate actionable insights that guide business strategies, staffing models, and process improvements
- evaluate the impact of operational decisions and business initiatives using data-driven analysis
- partner with enterprise analytics and technology teams to enhance reporting, automation, and decision-support tools
- champion modernization initiatives, including workflow automation, digital tools, and advanced analytics
- drive large-scale process reengineering efforts to enhance operational efficiency, reduce cost, and improve audit accuracy
- act as a change leader who advocates for the adoption of new technologies and practices across the function
- serve as a liaison between senior leadership and underwriting operations, ensuring alignment with organizational priorities and strategic goals
Requirements
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field; advanced degree preferred
- Minimum 15 years of premium audit or related underwriting operations experience, including leadership of large teams
- Deep knowledge of property & casualty insurance products, premium audit methodologies, and regulatory requirements
- Demonstrated success driving operational efficiency, cost reduction, process transformation, and technology modernization
- Strong analytical, communication, and problem-solving capabilities, with the ability to influence senior leaders and drive change
- Experience managing large vendor ecosystems and developing strategies that reduce dependency and optimize spend
- Familiarity with modern audit tools, workflow technologies, and data analytics platforms
Benefits
- multiple medical plans plus dental, vision and prescription drug coverage
- 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 Off
- basic Life and AD&D Insurance
- Short and Long-Term Disability
- Paid Parental Leave of up to 10 weeks
- Student Loan Assistance and Tuition Reimbursement
- Backup Child and Elder Care
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
premium auditoperational efficiencycost reductionprocess transformationtechnology modernizationdata analyticsaudit methodologiesregulatory complianceworkflow automationchange management
Soft Skills
leadershipcommunicationproblem-solvinginfluencingcoachingcollaborationaccountabilitycustomer-centric servicestrategic planningcontinuous improvement
Certifications
Bachelor’s degree in AccountingBachelor’s degree in FinanceBachelor’s degree in Business Administrationadvanced degree (preferred)