Counsel, Financial Lines

Combined Insurance • Philadelphia, PA

115d • $140,000 - $170,000

About The Position

The Counsel, Financial Lines position is responsible for supporting the Financial Lines underwriting business in North America with the primary responsibility of advising business clients on management and/or professional liability policies and coverage for financial institutions and private/not-for profit organizations. Communicate effectively with business partners, underwriting, claims professionals and Legal and Compliance colleagues to provide clear guidance on coverage developments, industry trends and new exposures in management and/or professional liability. Develop, draft, review and revise new and existing financial lines insurance products, as well as endorsements, contracts, marketing materials and other ancillary documents associated with such policies. Review and interpret applicable federal and state laws and regulations, legislative developments, case decisions and claims verdicts pertaining to financial lines in order to provide comprehensive legal advice. Collaborate with management, underwriting, brokers and policyholders to negotiate coverage terms and conditions.

Requirements

• Law degree.
• At least 3 years of experience working in insurance law and specialty insurance (management liability and professional liability).
• Experience in policy and endorsement drafting.
• Demonstrated ability to understand the insurance industry, client needs, and business goals.
• Strong interpersonal and communication skills.

Nice To Haves

• Proven track record of results achievement.
• Collaboration and teamwork skills.
• Problem solving and negotiation skills.

Responsibilities

• Advise business clients on management and/or professional liability policies and coverage for financial institutions and private/not-for profit organizations.
• Communicate effectively with business partners, underwriting, claims professionals and Legal and Compliance colleagues.
• Develop, draft, review and revise new and existing financial lines insurance products.
• Review and interpret applicable federal and state laws and regulations related to financial lines.
• Collaborate with management, underwriting, brokers and policyholders to negotiate coverage terms and conditions.

Benefits

• Comprehensive benefits package.
• Eligibility to participate in a discretionary annual incentive program.

What This Job Offers

• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree