Product Specialist

Product Specialist

Zurich North America is currently looking for a Product Specialist to join our Product Development Team. This role will report to the Product Development and Regulatory Certification Leader. Location is virtual with some office presence depending on your location. In this role you will have occasional travel opportunities but will not require travel on a regular basis. In this role you will use your expertise within Specialty Lines insurance as well as Commercial Property and Casualty lines of business to help construct policies, create coverage enhancements, write manuscript endorsements and provide product guidance to underwriters. You will also assist with competitive analyses, product updates for new regulations, and will work with and update our internal tools.

Responsibilities for this role include:

• Lead the development and implementation of underwriting solutions (e.g. product development) for Specialty, Commercial Property and Casualty Lines of Business
• Identify market standard product opportunities based upon the latest product line, industry trends, and emerging risks
• Maintain and promote existing strategic partnerships both internally and externally
• Advise the Business Unit and Underwriters in responding to coverage requests and drafts language for specific transactions and portfolio coverage enhancements
• Promote a consistent approach to coverage through adherence to an established coverage philosophy
• Structure new endorsements consistently and maintain the endorsement library with relevant updates and modifications
• Support underwriting strategy and product development by incorporating lessons learned from competitor forms and approaches to coverage in new products
• Participate in compliance-related queries, including state regulatory exams and insurance department inquiries
• Lead product refreshes (e.g. updating pre-existing coverages and endorsements) by managing form and endorsement drafting, leading reviews with Corporate Law and Claims Legal, and managing the filing process and Departments of Insurance review and approval process
• Analyzes and develops solutions pertaining to Insurance Regulatory requirements with respect to product filings within scope of underwriting

Basic Qualifications:

• JD and 6 or more years of experience of law practice specializing in the insurance area

Preferred Qualifications:

• Specialty, Commercial Property and Casualty lines product experience, including product creation, drafting coverage enhancements and manuscript endorsements
• Coverage experience
• Experience working with state regulators
• Strong organizational and analytical skills
• Strong verbal and written communication skills

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to applyyour unique background matters to us. The pay range shown is a national average and may vary by location. The proposed Salary range for this position is $96,000.00 - $157,000.00, with short-term incentive bonus eligibility set at 15%. We offer competitive pay and comprehensive benefits for employees and their families.

Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500. Join us for a brighter futurefor yourself and our customers. Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets. Zurich complies with 18 U.S. Code 1033.