We are working with a NEW CLIENT on a brand NEW, GROWTH PRODUCT/ UNDERWRITING COUNSEL to join their market leading and rapidly expanding team. The client are seeking a strong P&C wordings, (7yrs + experienced) drafting experienced Counsel to join a strong legal team and assist them with the drafting, launch, development and continuous competitiveness of their products out to market across the U.S.
Job Summary
Our client, are seeking an experienced Product/ Underwriting Counsel position is an attorney role that works with legal and underwriting leaders to draft all policy wordings and related documents for all lines of business written by this leading P&C Insurance in the United States, which includes, among others, Professional Liability, General Liability, Management Liability, Crime Cyber, Environmental, Inland Marine, Property, Ocean Marine, and Trade Credit.
This role can be based out of any of the companies office locations in the United States; New York, New Jersey, Connecticut, Atlanta or Chicago.
As the Underwriting Counsel, you will serve as the legal subject matter expert for the companies insurance products, including monitoring evolving insurance coverage caselaw, developing policy wording, and counseling the Business on underwriting intent, coverage, and product compliance matters. This role will also assist in the maintenance, filing, and implementation of all Surplus lines and Admitted products. This is an exciting opportunity for a go-getter who can be successful in a fast-paced environment, is able to balance multiple daily priorities, and is excited to be exposed to all aspects of commercial specialty insurance. You'll be a part of a highly collaborative Legal and Compliance team where your contribution is crucial to the ambitious goals of this fast-growing US Business Unit. This position reports to the Senior Underwriting Counsel.
Job Responsibilities
- Work both independently and with colleagues to collaborate with underwriters and draft clear and accurate new and amended insurance policy wordings, forms, endorsements, applications, and related documents
- Opportunity to oversee and manage legal aspects of the product filing process, including responding to state Department of Insurance objections and drafting state-specific endorsements and wordings
- Review alternative distribution and Program opportunities from a products standpoint and advise on necessary changes to or creation of policy documents in line with the companies underwriting appetite
- Advise underwriters with risk analysis by offering coverage and wordings analysis and other legal related advice
- Stay up-to-date on current and emerging underwriting risk and coverage trends
- Work with stakeholders to embrace "Plain English" wordings that are easy for customers and brokers to understand, without detracting from their legal precedence, meaning or significance
- Work closely with the Actuarial, Operations, Reinsurance, Underwriting, and Claims departments to implement new products in the companies IT system, including the drafting and review of business and technical requirements for policy form implementation and behavior.
Experience and Skills Required:
- Juris Doctor from an ABA-accredited law school and Bar admission in good standing
- Minimum of 7 years of relevant insurance coverage, wordings, and/or claims experience, including direct interaction with clients and/or internal stakeholders
- Background in US commercial casualty and specialty insurance markets
- Excellent communication (both written and verbal), organizational and time-management skills.
- Proven skills managing/participating in cross-departmental efforts, and the knowledge to collaboratively work until a matter is resolved, as opposed to waiting for others to advance an effort
- A self-starter, who is comfortable working independently and "rolling up their sleeves" or in leading or playing a part on collaborative teams
- Ability to quickly adapt and learn new areas that might fall outside his/her scope of experience.
- The successful candidate will have an ability to act independently, to think matters through fully and drive them as close to completion as possible seeking guidance as appropriate
- Strong desire to learn and gain exposure to other legal and business areas
If interested, please apply and reach out for a confidential conversation today!
