VP, Product Development Attorney, P&C Lines
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and...
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.
Job Summary
The VP position within Archs Product Development team under the Corporate Underwriting (CU) umbrella is responsible for a myriad of product development functions with focus on Coverage and Product Expertise in support of various business unit writing General Liability, Commercial Automobile, Commercial Umbrella and Business Property in a collaborative, fast-pace, and dynamic Speed-To-Market environment.
This role will support all Business Units writing GL, Auto and Umbrella/Excess lines of business with GWP premium of over $3B in 2023 reflecting 20% growth over 2022.
Responsibilities
- Leading the development, implementation and execution of product development strategies to deliver profitable, compliant and marketable general liability, commercial automobile and commercial umbrella/excess products in support of overall business objectives.
- Provides legal oversight and subject matter expertise for the drafting of policy form language and the preparation of coverage analysis for general liability, commercial automobile and commercial umbrella/excess products.
- Managing staff performance; implement strategies and plans to address staff development; identify and address training needs on an ongoing basis
- Collaborating with Underwriting, Compliance, Claims, Actuarial, and other stakeholders to ensure knowledge gathering and sharing on market trends, regulatory impacts, legal changes and loss developments on lines of business.
- Leverage resources, technology, and processes to drive innovation within the team
- Identifying and implementing best practices for proper and consistent form development, compliance and achievement of business goals
- Assist with development of CU-Product annual operational goals and objectives
- Engage, manage and maintain relationships with outside counsel and other third parties
- Communicate effectively with business units, internal stakeholders, and external parties on relevant product developments
- Perform other duties and/or projects as assigned
Qualifications
Demonstrated people management and development skills in a service management role
Detailed technical knowledge of general liability, umbrella/excess and automobile with the ability to advise, train and manage staff
Hands-on experience and strong aptitude with Microsoft Word, Microsoft Excel, SharePoint, and PowerPoint
Exceptional communication (written and verbal), evaluating, influencing, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines
Strong problem-solving, critical thinking, analytical, organizational, and time management skills
Ability to analyze, organize, and present information in a clear and succinct manner
Ability to take part in active strategic discussions
Ability to work independently and in a team environment
Education and Experience
Bachelors degree; Juris Doctorate degree, Admittance to state bar in good standing
Ten plus (10+) years working experience in the insurance industry
Willing and able to travel 10-15%
This position is a hybrid role with 2 days in office
#LI-EO
For individuals assigned or hired to work in California, Colorado, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.
$170,000 - $220,000/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 range may be modified in the future
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 isnt the right fit but youre 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 Archs Talent Acquisition team.
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