Product Regulatory Sr. Counsel, Property

About the position

Senior level role responsible for developing, drafting, and delivering contract language for commercial property products. Consults with stakeholders and influences the strategy related to drafting policies, creating coverage enhancements and endorsements, writing manuscript endorsements, and meeting regulatory and filing requirements. Participates and leads in the identification, development, and implementation of corporate wide product-related initiatives based on legal and industry trends.

Responsibilities

• Provides business partners and other stakeholders with guidance and business insights in the language development and delivery of products throughout the product life cycle.
• Participates with senior leadership in the development and implementation of business strategies and goals, regularly evaluating performance against goals, and holding self accountable for achieving desired results.
• Leads the responses to state insurance department objections and other regulatory inquiries by researching concerns, developing alternatives, and confirming resolution with all parties.
• Owns drafting process by working closely with stakeholders throughout the enterprise to align on policy wording and/or risk management to understand how unique exposures should be addressed in the product.
• Remains up-to-date on regulatory developments and trends in order to create product strategies and innovate coverage approaches in response to emerging risks.
• Drives ongoing compliance by monitoring regulatory environment for area(s) of responsibility, researching insurance regulations and statutes, and updating policies and forms as needed.
• Leads compliance-related reviews, including state regulatory exams and insurance department inquiries by researching internal practices, managing and responding to form and endorsement inquiries, and making necessary adjustments.
• Leads special projects as needed and may mentor other team members.

Requirements

• Typically a minimum of seven years related work experience in commercial property insurance.
• Juris Doctor and bar admission in a jurisdiction.
• Drafting experience preferred.

Nice-to-haves

• Expert knowledge of the insurance business including product development, policy and endorsement language, underwriting, claim, legal, and regulatory knowledge.
• Expertise in commercial property insurance contracts, coverage, and regulatory issues.
• Excellent verbal and written communication skills.
• The ability to develop collaborative working relationships, articulate complex information, analyses, and recommendations in a concise manner to senior management and external parties.
• Demonstrated problem solving mindset with critical thinking skills and ability to effectively research, evaluate and resolve ambiguous, complex and challenging business problems.
• Strong work ethic, with demonstrated time management and organizational skills, including the ability to independently drive short-term projects in a fast-paced environment.
• Knowledge of Microsoft Office Suite and ability to learn other business-related tools and software.
• Demonstrated ability to value diverse opinions and ideas.

Benefits

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