Business Manager
Acosta
VP, Product Line Management – Workers Compensation
Arch Capital Group Ltd.
full-time
Posted on:
Origin: • 🇺🇸 United States
Visit company websiteSalary
💰 $145,700 - $202,770 per year
Job Level
Lead
About the role
- Develop and implement comprehensive underwriting strategies for Workers Compensation that identify capabilities needed across the organization to deliver results aligning with Arch’s profitability and growth goals
- Lead the creation and dissemination of enterprise level underwriting guidelines, principles and best practices applicable across the organization
- Provide consultation for development of Business Unit underwriting guidelines
- Serve as the primary corporate subject matter expert for Workers’ Compensation, providing strategic insights on coverage nuances and emerging industry issues
- Represent the Workers Compensation line in internal councils and external industry forums
- Develop and deliver training programs on Workers’ Compensation topics
- Partner with Claims, Actuarial, Ops and IT to enhance data capture, analytics, and system capabilities that support underwriting decisions
- Partner with Risk Control to align underwriting analysis with the latest workplace hazards, risk patterns and vulnerabilities
- Analyze portfolio performance and claim trends to understand loss drivers and recommend strategic adjustments
- Monitor competitor activity and regulatory changes; prepare reports and white papers on emerging issues
- Establish and monitor aggregation standards and monitor loss trends including medical and indemnity trends
Requirements
- 10+ years of experience in both field underwriting and Corporate/Home Office roles
- Expert-level knowledge and technical expertise in Workers' Compensation
- Ability to effectively communicate issues and concerns into concise policy documents such as white papers and guidelines
- Ability to work with and influence senior executives, business unit leadership, and underwriting support units
- Adept at building and managing teams of specialized, technical experts
- Knowledge of emerging issues within the Workers Compensation insurance marketplace
- Demonstrated organizational agility in working across business units and service units (Operations, Product Development, Compliance, IT, Actuary)
- Ability to think strategically – plan our future
- Ability to effectively communicate at all levels across the organization
