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  • AVP, Product Development Attorney

    Job Locations US-MO-Kansas City | US-NJ-Jersey City
    Job ID
    2018-2187
    # of Openings
    1
    Category
    Corporate Underwriting
  • The Position

    Mid-level Product Development drafting technician to work in Arch Insurance’s Enterprise Product Development team within Corporate Underwriting Services (CUS) to service Arch Insurance’s Lenders business unit.

    Job Responsibilities

    • New product development with focus on new product design, policy form drafting and implementation.
    • Communicate and collaborate with Underwriters, Managers, Claim Attorneys, Compliance and Legal departments to ensure products remain competitive while protecting profitability.
    • Interact with state Insurance and Financial related regulatory agencies as required.
    • Help business unit identify and prioritize product development needs.
    • Remain apprised of and monitor U.S. case law, regulations, legal trends and emerging issues affecting such insurance coverage.

    Desired Skills/Experience

    • Minimum of 10 years of underwriting or insurance regulatory experience that includes commercial insurance contract drafting. Neither a C.P.C.U. nor a J.D. is required, but preferred.
    • Strong understanding of Credit, F&I, Contractual Liability Insurance, Commercial Automobile and Warranty insurance coverages. Includes Collateral Protection Insurance and other Lenders-related Finance/Insurance products such as loan collateral, debt protection, auto-related warranty and service contract risks.
    • Thorough understanding of insurance contract language and legal precedent including the ability to review and assess relevant regulatory changes or legal decisions impacting insurance contract language.
    • Ability to manage projects from concept to fruition with minimal oversight.
    • Strong oral and written communication skills, with attention to detail.
    • Excellent time management and organizational skills.

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