Product Regulatory Sr Counsel

JOB DESCRIPTION

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines :

• Provides business partners and functional subject matter experts guidance and business insights in the language development and delivery of products throughout the product life cycle.
• Participates with senior leadership in the development and implementation of business strategies and goals, regularly evaluating performance against goals, and holding self accountable for achieving desired results.
• Leads the responses to state inquiries and objections by researching concerns, developing alternatives, and confirming resolution with all parties.
• Owns drafting terms and conditions process by working closely with the product team to align on policy wording and / or risk management to understand how unique exposures should be addressed in the product.
• Remains up-to-date on regulatory developments and trends in order to create product strategies and innovate coverage approaches in response to emerging risks.
• Drives ongoing compliance by monitoring regulatory environment for area(s) of responsibility, researching insurance regulations and statutes, and updating polices and forms as needed.
• Leads compliance-related reviews, including state regulatory exams and DOI inquiries by researching internal practices, managing and responding to form and endorsement inquiries, and making necessary adjustments as necessary.
• Ensures accuracy and compliance of product-coverage related marketing materials, risk-management presentations and articles by reviewing and approving prior to use.
• Leads special projects as needed and may mentor other team members.

Reporting Relationship

Typically Director or above.

Skills, Knowledge & Abilities

• Expert knowledge of the insurance business including product development, policy and endorsement language, underwriting, claim, legal, and regulatory knowledge.
• Expertise in specialty insurance contracts, coverage, and regulatory issues.
• Excellent verbal and written communication skills.
• The ability to develop collaborative working relationships, articulate complex information, analysis, and recommendations in a concise manner to senior management and external parties.
• Demonstrated problem solving mindset with critical thinking skills and ability to effectively research, evaluate and resolve ambiguous, complex and challenging business problems.
• Strong work ethic, with demonstrated time management, organizational skills, and an ability to independently drive short-term projects in a fast-paced environment.
• Knowledge of Microsoft Office Suite and ability to learn business-related tools and software.
• Demonstrated ability to value diverse opinions and ideas.

Education & Experience

• Juris Doctor and bar admission in a jurisdiction required.
• Typically a minimum of seven years related work experience in specialty insurance, underwriting, and contract drafting.
• Drafting experience preferred.
• CPCU preferred.
30+ days ago