VP, Product Development Attorney, P&C Lines

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Job Summary

The 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.

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

• • 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-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

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