VP, Product Development Attorney, P&C Lines
Company: Arch Capital Group
Location: New York
Posted on: May 8, 2024
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Job Description:
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.
Is this the role you are looking for If so read on for more
details, and make sure to apply today.
Our work is the catalyst that helps others achieve their goals.
In short, We Enable Possibility.Job SummaryThe VP position within
Arch's 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.ResponsibilitiesLeading
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
basisCollaborating 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
teamIdentifying and implementing best practices for proper and
consistent form development, compliance and achievement of business
goalsAssist with development of CU-Product annual operational goals
and objectivesEngage, manage and maintain relationships with
outside counsel and other third partiesCommunicate effectively with
business units, internal stakeholders, and external parties on
relevant product developmentsPerform 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 environmentEducation and Experience--- - - -Bachelor's
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-EOFor
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/yearTotal 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 futureClick here to learn
more on available benefitsDo 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.
SummaryLocation: Jersey City, NJ United States of America; New
York, NY United States of America; St.
Paul, MN United States of America; Hartford, CT United States of
AmericaType: Full time
Keywords: Arch Capital Group, White Plains , VP, Product Development Attorney, P&C Lines, Legal , New York, New York
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here to apply!
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