Product Regulatory Sr. Counsel, Cyber/E&O

About the position

At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. The position involves developing, drafting, and delivering expertly worded contract language (policy/coverage forms and endorsements) to meet market demand and support corporate underwriting appetite while safeguarding CNA's financial assets.

Responsibilities

• Develops, revises, and maintains policy forms and endorsements for all CNA Specialty product lines, with special emphasis on Financial Lines Cyber, Errors & Omissions and Media products.
• Responsible for overseeing the product through its lifecycle to meet the demands of the market, regulatory environment, and underwriting staff.
• Cultivates deep expertise and thought leadership on Financial Lines products.
• Provides counsel to underwriters and product leaders on strategic issues associated with drafting policy forms and endorsements.
• Proactively identifies potential enhancements and advises colleagues on coverage interpretations.
• Reviews and approves product-related marketing material, ensuring compliance with insurance laws.
• Monitors, evaluates and advises business areas regarding state/federal legislative and regulatory activity.
• Participates in insurance product-related training and onboarding of underwriters and other personnel.

Requirements

• Juris Doctor required and bar admission in a jurisdiction.
• Typically a minimum of seven years related work experience reflecting a combination of insurance product drafting, product development, and/or coverage.
• Excellent knowledge of insurance business including product development, underwriting, claim, legal, and regulatory.
• In depth knowledge of insurance contracts (particularly Cyber, E&O and other Specialty insurance contracts), coverage, and regulatory issues.
• Ability to problem-solve and analyze coverage issues.
• Strong interpersonal skills required to interact effectively with relevant business areas and external contacts.
• Strong organizational skills.
• Ability to handle difficult and sensitive situations.
• Excellent computer skills including strong working knowledge in Microsoft Office Suite, Adobe, and other business related software systems.
• Ability to prioritize and multi-task.

Benefits

• Comprehensive and competitive benefits package to help employees and their family members achieve their physical, financial, emotional and social wellbeing goals.