AVP, Product Development Attorney

Arch Capital Group • Philadelphia, PA

143d • $150,000 - $180,000

About The Position

Mid-level attorney to work with Arch's Enterprise Product Development team within Corporate Underwriting Services (CUS).

Requirements

• JD from accredited law school and law license in good standing in at least one state in the U.S.
• 2 - 5 years of insurance contract drafting and insurance industry experience.
• 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.

Nice To Haves

• Prior experience with commercial property, inland marine or commercial auto lines of business highly preferred.

Responsibilities

• Review, draft and create insurance coverage forms for multiple business units and coverage lines, with emphasis on commercial property, inland marine and commercial auto as well as other standard P&C lines.
• Communicate and collaborate with Underwriters, Managers, Claim Attorneys, Compliance and the Corporate Legal department to ensure products remain competitive while protecting their profitability.
• Help business units identify and prioritize product development needs.
• Remain apprised of and monitor U.S. case law, regulations, legal trends and emerging issues affecting insurance coverage.

Benefits

• Multiple medical plans plus dental, vision and prescription drug coverage.
• Competitive 401k with generous matching.
• PTO beginning at 20 days per year.
• Up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Off.
• Basic Life and AD&D Insurance as well as Short and Long-Term Disability.
• Paid Parental Leave of up to 10 weeks.
• Student Loan Assistance and Tuition Reimbursement.
• Backup Child and Elder Care.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree