Arch Insurance Group Inc. hiring AVP, Product Development Attorney in Greater Minneapolis-St. Paul Area | LinkedIn (2024)

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 SummaryThe AVP, Product Development Attorney will work with the Product Development team within Corporate Underwriting (CU) and will be principally responsible for drafting and reviewing insurance policy language that meets the business needs. As an individual contributor, they will own the policy language drafting, review and coverage analysis for all AINA business units writing professional liability, cyber and related products. These coverages require highly specialized subject matter expertise and demand adequate review and careful attention in form drafting.

Responsibilities

• Policy language drafting/review and coverage analysis. Ensure policy wording complies with internal Arch standards and applicable external rules and regulatory requirements.
• Provide legal advice, technical subject matter expertise, guidance and support to underwriters, staff and colleagues on Professional Liability coverage, Cyber coverage, and other related coverages.
• Collaborate with colleagues in the BU, Compliance, Claims, IT, Legal and other stakeholders within the product delivery framework to ensure timely preparation of form-related materials required for filing with states’ Departments of Insurance.
• Monitor case law, regulatory changes and market impact on forms language for assigned Lines of Business.

Education And Experience

• 3-5+ years of commercial insurance contract drafting with a strong understanding of above insurance coverages and marketplace.
• Strong analytical skills and attention to detail.
• Thorough understanding of insurance contract language and legal precedent.
• Ability to manage projects from concept to fruition with minimal oversight.
• Excellent time management and organizational skills.
• Strong oral and written communication skills.
• Ability to review and assess the impact of legal decisions and court cases on insurance contract language.
• J.D. Degree
• Member of a state bar in good standing.

For individuals assigned or hired to work in California, Colorado, Hawaii, 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.

$130,000 - $175,000/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 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.