Counsel Underwriting-USA-EX

Starr Insurance•Alpharetta, NY

About The Position

The Underwriting Counsel supports client profit centers by developing policy language for new products, drafting manuscript endorsements for specific accounts, and advising on underwriting issues. The role works with clients to develop coverage philosophy and approaches in response to changes in the legal and economic environment and their effects on underwriting analysis. The position also supports transactional matters, including drafting and reviewing agency, program manager, producer, broker, nondisclosure, vendor, and service-related agreements. It contributes to product development, business development, underwriting compliance, marketing, and the training of underwriters. The role is based in New York, Philadelphia, Atlanta, or Chicago.

Requirements

Bachelor’s degree from a four-year college or university and a JD from an ABA-accredited law school.
Admission to practice law and good standing in at least one U.S. state bar.
15 years of insurance industry experience, primarily in underwriting, compliance, and operations for Property and Casualty products.
Advanced knowledge of commercial insurance products and product rating/administration systems.
Proficiency with the Microsoft Office suite.
Experience with Legora, CoCounsel, or an equivalent legal AI platform.
Experience with MGAs and related agreements.
Ability to work in a fast-paced environment and find creative solutions to diverse matters requiring complex legal and strategic analysis.
Comprehensive knowledge and experience handling insurance regulatory and compliance issues.
Outstanding written, presentation, interpersonal, and verbal communication skills, including the ability to convey technical and business issues clearly, concisely, and effectively.
Detail-oriented, with strong project management, organization, and planning skills, and the ability to manage multiple projects and interact effectively throughout all levels of the business and organization.

Responsibilities

Assist in developing new products, forms, and services.
Support admitted and nonadmitted products in retail and wholesale channels.
Assist with processing manuscript endorsements.
Help address coverage issues raised during underwriting and negotiation to facilitate closing business opportunities.
Participate in developing and executing business development strategies.
Monitor industry and product-related claims and coverage issues, and communicate relevant developments to management and the underwriting team.
Assist in determining underwriting philosophy in response to changes in the legal environment.
Attend client and broker meetings and handle client and broker conference calls as needed.
Assist with training and developing underwriters on legal issues and developments relevant to underwriting.
Assist with the underwriting compliance process to ensure proper handling of underwriting practices.
Assist in marketing the products and services offered.
Help the underwriting team meet service goals, including quote, bind, and policy issuance, by responding promptly to queries.
Draft and review agency, program manager, producer, broker, nondisclosure, and other vendor or service-related agreements.