Senior Product Specialist

Crum & Forster • Morristown, NJ

9d • Remote

About The Position

As part of the Legal/Product Management team, you will collaborate with all stakeholders by engaging perspectives, influences, and partnerships within the team, the division, the company, and with our policyholders and business partners. You will: Act as member of the product development “service window” team to assist applicable business segments in developing new and revised products in a timely fashion for the Construction and Commercial Auto industries; Conduct customer engagements that will ensure new product solutions are solving market challenges; and Facilitate legal, underwriting and claims review of product changes and enhancements.

Requirements

• Bachelor’s Degree.
• Extensive knowledge of primary and surplus lines insurance products.
• Minimum of 3+ years’ insurance product development or underwriting experience in the Construction and Commercial Auto industries, including demonstrated expertise in the review and drafting of insurance policy forms.
• Excellent development and analysis of policy forms is required.
• Proven research and analytical skills.
• Knowledge of ISO and AAIS products is a must.
• Knowledge in the Construction Industry, particularly construction liability is required.
• Outstanding written and verbal communication skills.
• Strong organizational and interpersonal skills.
• Pro-active problem solver.
• High degree of accuracy and attention to detail in a fast-paced environment.
• Comfortable presenting at company/industry events.
• Experience in building great internal or external customer relationships that focus on gaining actionable insights and forming collaborative partnerships with the goal of innovation, product improvement, or ease of use.
• Proficient in Microsoft Office, and knowledge of legal research engines (e.g. OneSumX NILS INsource; OneSumX NILS State Filing).

Nice To Haves

• CPCU designation or other related course work, or actively pursuing such is preferred.
• Knowledge of ISO form structure and grammar rules is highly preferred.
• Knowledge in Sharing Economy (Commercial Auto) industries is highly preferred.
• Knowledge of SERFF / I-FILE is highly preferred.

Responsibilities

• Develop and maintain companies’ coverage forms, endorsements, and rules for proprietary and bureau-based commercial insurance products.
• Manage complex product development projects for all lines of business and products (admitted and non-admitted) and collaborate with Underwriting, Claims, Legal, Actuarial, and Regulatory members to produce final, high quality insurance products.
• Draft manuscript endorsements, as requested by underwriting segments that provide needed coverage changes while maintaining the integrity of the policy structure.
• Keep abreast of bureau circulars for all applicable lines of business.
• Collaborate with the Regulatory Compliance team to assess and implement revisions to proprietary products or exceptions to bureaus’ products in response to regulatory changes or requirements.
• Provide guidance to field staff regarding products and new or revised regulatory requirements.
• Complete required checklists for form and rule filings and provide certification attestations for forms’ compliance, where necessary.
• Complete Flesch Test scoring and revise policy forms, as necessary.
• Provide complete filing package in an organized, well-written manner.
• Provide prompt and well-written responses to state insurance departments’ interrogatories.

Benefits

• Competitive compensation package
• Generous 401K employer match
• Employee Stock Purchase plan with employer matching
• Generous Paid Time Off
• Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeing
• A core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen path
• A dynamic, ambitious, fun and exciting work environment
• We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program that lets you participate and support your community

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees