AVP, Product Development Attorney

2 weeks ago

Jersey City, New Jersey, United States Arch Capital Group Full time

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Summary

Mid-level attorney to work with Arch's Enterprise Product Development team within Corporate Underwriting Services (CUS).

Job Responsibilities

  • Review, draft and create insurance coverage forms for multiple business units and coverage lines, with emphasis on professional liability products as well as other standard P&C lines.

  • Communicate and collaborate with Underwriters, Managers, Claim Attorneys, Compliance and the Corporate Legal department to ensure products remain competitive while protecting their profitability.

  • Help business units 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

  • JD from accredited law school and law license in good standing in at least one state in the U.S.

  • 2 - 5 years of insurance contract drafting and insurance industry experience.

  • Strong analytical skills and attention to detail.

  • Thorough understanding of insurance contract language and legal precedent

  • Prior experience with professional liability lines of business highly preferred.

  • 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.

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

$150,000 - $180,000/year

  • Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.

  • Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn't the right fit but you're interested in working for Arch, create a job alert Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.

14400 Arch Insurance Group Inc.

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