Product Regulatory Sr. Counsel

Product Regulatory Sr. Counsel

Requirements

• Excellent knowledge of insurance business including: product development, underwriting, claim, legal, and regulatory.
• In depth knowledge of insurance contracts (particularly D&O, E&O and other Specialty insurance contracts), coverage, and regulatory issues, etc.
• Ability to problem-solve and analyze coverage issues.
• Ability to resolve short term problems while supporting long-term objectives.
• Strong interpersonal skills required to interact effectively with relevant business areas and external contacts.
• Strong organizational skills.
• Ability to handle difficult and sensitive situations.
• Excellent computer skills including strong working knowledge in Microsoft Office Suite, Adobe, and other business related software systems.
• Ability to prioritize and multi-task.

Responsibilities

• Develops, revises, and maintains policy forms and endorsements for all CNA Specialty product lines, with special emphasis on Financial Lines including Directors & Officers and Errors & Omissions products, and with the ability to support other business segments and product areas as needed.
• Responsible for overseeing the product through its lifecycle to meet the demands of the market, regulatory environment, and underwriting staff.
• Cultivates deep expertise and thought leadership on Financial Lines products.
• Provides counsel to underwriters and product leaders on strategic issues associated with drafting policy forms and endorsements so as to meet their business objectives and satisfy all applicable regulatory requirements.
• Proactively identifies potential enhancements.
• Advise colleagues on coverage interpretations to assist Underwriting and Legal with issues raised by external partners or customers.
• Reviews and approves product-related marketing material, and risk management presentations and articles ensuring that it correctly reflects the product content and complies with all applicable insurance laws.
• Interfaces with Marketing, Compliance, Legal, and Communications as appropriate.
• Monitors, evaluates and advises business areas regarding state/federal legislative and regulatory activity and industry developments as they impact product lines.
• Participate in insurance product-related training and onboarding of underwriters and other personnel.
• May perform additional duties as assigned.

Preferred Qualifications

• Bachelor’s degree with Juris Doctor required
• Typically a minimum of seven years related work experience reflecting a combination of insurance product drafting, product development, and/or coverage.