AVP, Product Development Lead- Property & Casualty

Location: New York

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** Primary Details
** Time Type:
Full time Worker Type:
Employee
** AVP, Product Development Lead
- Property & Casualty
**** The Opportunity
** Provide a market-leading approach to the development of QBE North America's First-Party Property and Third-Party General Liability insurance products, including, the deployment of policy forms for QBE's Specialty Liability, Commercial Property, Construction, Environmental, Programs, and Multinational Underwriting units.

You will also be responsible for drafting and maintaining QBE NAO Commercial Policy wordings and ancillary documentation to ensure legal certainty and to accurately represent underwriting appetite and intent. You will foster best practices throughout NAO Commercial Underwriting by raising awareness of legal and regulatory wording-related risks. Additionally, you will promote the use of clear and concise policy language to achieve best-in-class underwriting results.

Finally, you will develop products in response to market initiatives, legal developments, and social and economic changes, while advising underwriting teams accordingly.
* *
* Location:

Countrywide (Remote)**
* ** Work Arrangement:
** If hybrid (2-3 days a week in the office)
* ** The salary range
** for this role is between $129,500-$243,000
** Your new role*
* • Oversee the product library of approved QBE North America Frist party property and third-party liability policy forms and ensure it is current, contemporary, compliant and competitive for assigned business units  
• Contribute to market-leading product development in consultation with senior level management for assigned business units  
• Research and make recommendations to capitalize on strengths and market opportunities and to counter competitive threats  
• Support continuous improvement strategies to position QBE North America as a technical leader in first party property and third-party liability coverage issues.  
• Develop and help deliver high-quality internal and external communications regarding product development and new initiatives for assigned business units  
• Build and maintain collaborative, mutually beneficial partnerships with key internal and external stakeholders  
• Maintain up to date industry knowledge and leverage client relationships to provide distinctive solutions in the market  
• Manage budgeted resources by anticipating expenditures, accurately forecasting resource needs/costs and properly accounting for expenses to meet requirements and achieve fiscal responsibility    
** Required Education*
* • Bachelor's Degree or equivalent combination of education and work experience
** Required Experience*
* • 5-10 years relevant experience    
** Preferred Competencies/Skills*
* • Deliver best-in-class drafting of approved policy wordings, endorsements, clauses, and ancillary policy documentation.
• Evaluate and provide professional commentary on market and broker-produced policy wordings, identifying potential exposures and negotiating with external professionals as needed.
• Manage and execute operational plans related to policy wordings, offering drafting advice and counsel to the team to ensure positive outcomes in alignment with established objectives.
• Proactively monitor legal, regulatory, and commercial insurance coverage-related policy wording issues and developments, communicating relevant updates to stakeholders and underwriting teams.
• Represent QBE’s interests in commercial negotiations and through active participation in industry forums, corporate communications, and other related events.
• Collaborate with other disciplines—including Claims, Legal, and Actuarial—to support professional development and facilitate information sharing across teams.
• Creativity and alternative, open thinking to generate and support new or better ways of doing things.
• Understand the needs and goals of a customer and actively look for ways to meet them
** Preferred Experience*
* • Experience with underwriting and/or product development
• 5-10 years of experience
• First party property and/or third-party liability insurance coverage/litigation experience.

** Preferred Knowledge*
* • Strong working knowledge of relevant trends…