AVP, Product Development Attorney - Professional Liability

AVP, Product Development Attorney - Professional Liability

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.

Compensation

Base salary: $150,000 - $180,000 per year. Incentives and total compensation may vary based on location, scope, qualifications and business needs.

Benefits

• Medical, dental, vision and prescription drug coverage.
• Competitive 401(k) with generous matching.
• Paid time off starting at 20 days per year, up to 12 paid company holidays and 2 paid Volunteer Time-off days.
• Life, AD&D, short- and long-term disability insurance.
• Paid parental leave up to 10 weeks.
• Student loan assistance and tuition reimbursement.
• Backup child and elder care.
• Additional benefits available upon request.

Location Jersey City, NJ (hybrid with remote options).

Seniority Level Mid-Senior level

Employment Type Full-time

Job Function Product Management and Marketing, Insurance Industry