Avp, Product Development - Lenders

Arch Capital Group Ltd. Kansas City , MO 64126

Posted 2 months ago

The Position

Mid-level Product Development drafting technician to work in Arch Insurance's Enterprise Product Development team within Corporate Underwriting Services (CUS) to service Arch Insurance's Lenders business unit.

Job Responsibilities

  • New product development with focus on new product design, policy form drafting and implementation.

  • Communicate and collaborate with Underwriters, Managers, Claim Attorneys, Compliance and Legal departments to ensure products remain competitive while protecting profitability.

  • Interact with state Insurance and Financial related regulatory agencies as required.

  • Help business unit identify and prioritize product development needs.

  • Remain apprised of and monitor U.S. case law, regulations, legal trends and emerging issues affecting such insurance coverage.

Desired Skills/Experience

  • Minimum of 10 years of underwriting or insurance regulatory experience that includes commercial insurance contract drafting. Neither a C.P.C.U. nor a J.D. is required, but preferred.

  • Strong understanding of Credit, F&I, Contractual Liability Insurance, Commercial Automobile and Warranty insurance coverages. Includes Collateral Protection Insurance and other Lenders-related Finance/Insurance products such as loan collateral, debt protection, auto-related warranty and service contract risks.

  • Thorough understanding of insurance contract language and legal precedent including the ability to review and assess relevant regulatory changes or legal decisions impacting insurance contract language.

  • Ability to manage projects from concept to fruition with minimal oversight.

  • Strong oral and written communication skills, with attention to detail.

  • Excellent time management and organizational skills.

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