Arch

  • Product Development Attorney

    Job Locations US-NC-Raleigh | US-NJ-Jersey City | US-MO-Kansas City
    Job ID
    2018-2187
    # of Openings
    1
    Category
    Corporate UW
  • Overview

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

    Responsibilities

    • Review, draft and create insurance coverage forms for multiple business units and coverage lines, including standard P&C lines.
    • Communicate and collaborate with Underwriters, Managers, Claim Attorneys, Compliance and the Legal department to ensure products remain competitive while protecting their profitability.
    • Interact with state Insurance and Financial related regulatory agencies as requested by Arch Insurance Compliance department in conjunction with the Arch business unit.
    • 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 insurance coverage.

    Qualifications

    • 5 - 10 years of commercial insurance contract drafting with storng understanding of Credit, Contratual Liability Insurance, Commercial Automobile and Warranty insurance coverages..
    • Strong analytical skills and attention to detail.
    • Thorough understanding of insurance contract language and legal precedent
    • Ability to manage projects from concept to fruition with minimal oversight
    • Excellent time management and organizational skills.
    • Strong oral and written communication skills.
    • Ability to review and assess the impact of legal decisions and court cases on insurance contract language.
    • Background or knowledge of commercial warranty and Lenders insurance coverage lines
    • Coverages include Collateral Protection and other Finance and Insurance products such as loan collateral, debt protection, auto related warranty and service contract risks.
    • J.D.
    • Member of a state bar in good standing

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