Insurance Coverage Specialist - GenStar

Global • Stamford, CT

22d • Hybrid

About The Position

GenStar Insurance Services, LLC is seeking an analytical, self-motivated Coverage Specialist to play a pivotal role in drafting reinsurance contracts, insurance policies and endorsements to optimize corporate goals. This role is ideal for an experienced individual seeking to advance their career. The position may work full-time in Stamford, CT, New York City or divide time between a home-based office and our Stamford office. The Insurance Coverage Specialist is responsible for a broad spectrum of P&C policy forms, including bureau (mostly ISO), admitted, surplus lines, company specific and manuscript wordings. The priority is drafting commercial lines policies and endorsements – primary casualty, excess liability, umbrella, professional liability, property, first-party insurance, and specialty lines.

Requirements

• College degree required.
• Sustained track record in an Insurance Coverage Specialist, Insurance Policy Analyst, Insurance Product Analyst or similar position.
• Underwriters, Claims/ Legal Professionals with at least five years of coverage experience may also be considered.
• Extensive knowledge of surplus lines and admitted insurance standards, practices and principles.
• Strong knowledge of optimizing insurance policy wording and features to lines of business.
• Excellent analytical and communication skills.
• High attention to detail and accuracy.
• Ability to work independently and collaborate with colleagues within and across departments.
• Excellent technology skills, including Word, Adobe, Excel, SharePoint and Outlook.

Nice To Haves

• CPCU designation preferred.
• Reinsurance contract wording experience a plus.
• Use of AI or LLM a plus.
• Additional consideration may be given for being an active contributor to ISO’s Panels or an insurance trade association’s committee.

Responsibilities

• Provides expert advice on the research, creation and maintenance of coverage language.
• Works collaboratively with the underwriting divisions on coverages for product development, competitive analysis, line of business initiatives and emerging issues.
• Aligns coverage with profitability, growth and retention objectives of the company.
• Identifies coverage that deviates from current standard forms or common industry practices, or that does not reflect the underwriting intent.
• Furnishes constructive wording alternatives for company use.
• Delivers guidance to underwriters, senior management and others involved in policy wording decisions.
• Keeps current on insurance policy wording developments, ISO’s research, emerging issues and competitors’ forms to communicate to underwriters and senior management the importance and impact of proposed wording changes.
• Continually develops specialized knowledge of P&C lines of business to identify wording solutions for the policy structures that meet the business needs.
• Collaborates with other Insurance Coverage Specialists, Reinsurance Contracts Specialists, Underwriters, Claims, Regulatory Specialists and Legal colleagues to improve wordings.
• Prioritizes, organizes and optimizes workloads to promote cost-effective delivery and support for coverage documents.
• Develops and implements Admitted Form Filings with the underwriting divisions and regulatory unit.
• Sets challenging goals and works to meet them.
• Effectively manages time and meets deadlines.

Benefits

• celebrate diversity and are committed to creating an inclusive environment for all employees.
• afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability , marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law.
• provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior