Director, Product Development

3 weeks ago

Morristown, United States coAction.com Full time

It's fun to work in a company where people truly BELIEVE in what they're doing
We're committed to bringing passion and customer focus to the business.

Responsibilities:

  • Assist in the product development process by working with underwriting, claims, and coverage teams to develop and draft new products, as well as improve existing products
  • Review and provide legal advice in connection with developing and drafting new insurance products and improving existing products
  • Advise on market standard offerings and opportunities for Coaction's underwriting teams.
  • Advise on specific implications of potential business decisions and initiatives to enhance opportunities and reduce business risk.
  • Promote a consistent approach to coverage, coverage philosophy, coverage guidelines, and best practices.
  • Provide counsel and strategic advice to business units and internal clients on all insurance product and regulatory related matters.
  • Research, develop, and maintain policy forms and endorsements needed to support new and existing products
  • Monitor industry trends and changes in law impacting the relevant vertical markets.
  • Liaise with regulatory and operations teams during the form filling process, lead response efforts to critiques and objections from regulators, and collaborate with underwriting, claims, and coverage teams as necessary to resolve any such issues.
  • Ensure successful implementation of key technical initiatives by consulting with executives and other company leaders and implementing plans to improve business effectiveness.
  • Identify and analyze complex legal issues and make solution-oriented recommendations in resolving such issues.
Qualifications:
  • 3-7 years of experience in either a law firm or relevant in-house position, ideally with an insurance focus.
  • Strong command of insurance coverage matters and coverage implications of policy wording
  • Highly organized, analytical, and detail-oriented
  • Ability to manage multiple projects in a dynamic environment
  • Strong interpersonal skills with a collaborative and energetic style are essential
  • Excellent writing and verbal communication skills and an eagerness to learn
  • Desire to learn and gain exposure to new areas
  • JD is required

Equal Opportunity Employer

Coaction is an Equal Employment Opportunity employer. Coaction's policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, and genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.

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