VP, Product Development Attorney, P&C Lines

Arch Insurance Group Inc. • Jersey City, NJ

21d • Hybrid

About The Position

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Position Overview The Vice President of Product Development will drive the design, development, and enhancement of insurance products and forms across multiple lines of business, including Property & Casualty and Specialty Programs. This role requires collaboration with Underwriting, Product Line Management, Compliance, Claims, and Actuarial teams to ensure products are competitive, compliant and aligned with corporate objectives. The VP will manage a team of attorneys and drafters and will oversee the team’s role in product lifecycle management, regulatory forms filings and Speed-To-Market initiatives.

Requirements

• Demonstrated people management and development skills in a service management role.
• Detailed technical knowledge of General Liability, Umbrella/Excess, Commercial Automobile and Commercial Property/Inland Marine with the ability to advise, train, and manage staff.
• Hands-on experience and strong aptitude with Microsoft Word, Excel, SharePoint and PowerPoint.
• Exceptional written and verbal communication, influencing, negotiating, listening, and interpersonal skills.
• Strong problem-solving, critical thinking, analytical, organizational, and time management skills; ability to analyze, organize, and present information clearly.
• Ability to participate in active strategic discussions and to work independently and in a team environment.
• Juris Doctor (JD); admitted to a state bar in good standing.
• Minimum 10 years of experience in insurance product development, underwriting, regulatory legal, or related fields.
• Willing and able to travel approximately 15–20%.

Responsibilities

• Product Strategy & Form Development Lead the development, implementation, and communication of form development to deliver profitable, compliant, and marketable General Liability, Commercial Automobile, Commercial Umbrella/Excess, and Commercial Property/Inland Marine products.
• Provide legal oversight and subject matter expertise for drafting policy form language and preparing coverage analyses on such lines of business.
• Identify and implement best practices to ensure proper and consistent form development and compliance while meeting business goals.
• Leverage resources, technology, and processes to drive innovation within the team.
• Regulatory, Market, and Stakeholder Collaboration Partner with Compliance to support forms filings by providing necessary materials, information, and forms-related guidance, ensuring efficient handoffs of final forms and supporting documentation for Compliance use.
• Engage, manage, and maintain relationships with Product Line Management, Underwriting, Compliance, Claims, Actuarial, and other stakeholders to monitor and share knowledge on market trends, regulatory impacts, legal changes, and loss developments.
• People Leadership & Operational Management Manage staff performance and development; implement strategies to address staff growth and training needs on an ongoing basis.
• Develop and manage regular report-outs on the team’s work (e.g., key accomplishments, status, throughput, and cycle-time drivers) tailored to leadership and cross-functional stakeholders.
• Maintain metrics and tracking mechanisms to monitor operational performance and identify continuous improvement opportunities.
• Assist with development of annual operational goals and objectives for Corporate Underwriting/Product.

Benefits

• multiple medical plans plus dental, vision and prescription drug coverage
• a 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 Offer
• 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: Executive
• Education Level: Ph.D. or professional degree