Insurance Product Wordings Counsel
Company: Axis Capital
Location: Alpharetta
Posted on: October 12, 2024
Job Description:
This is your opportunity to join AXIS Capital - a trusted global
provider of specialty lines insurance and reinsurance. We stand
apart for our outstanding client service, intelligent risk taking
and superior risk adjusted returns for our shareholders. We also
proudly maintain an entrepreneurial, disciplined and ethical
corporate culture. As a member of AXIS, you join a team that is
among the best in the industry.At AXIS, we believe that we are only
as strong as our people. We strive to create an inclusive and
welcoming culture where employees of all backgrounds and from all
walks of life feel comfortable and empowered to be themselves. This
means that we bring our whole selves to work.All qualified
applicants will receive consideration for employment without regard
to race, color, religion or creed, sex, pregnancy, sexual
orientation, gender identity or expression, national origin or
ancestry, citizenship, physical or mental disability, age, marital
status, civil union status, family or parental status, or any other
characteristic protected by law. Accommodation is available upon
request for candidates taking part in the selection process.How
does this role contribute to our collective success?This role will
work closely with AXIS Property & Casualty underwriters to design,
draft and maintain policy forms and endorsements for new and
existing Property & Casualty products to ensure that policy terms
accurately reflect underwriting intent and are compliant with state
regulations. In addition, this role will also work with AXIS
Filings team to ensure that all admitted product forms are filed
and issued pursuant to approved state filings and with AXIS Product
Management team to develop form requirements for implementation in
AXIS's policy issuance system.This role involves collaboration with
various stakeholders and functional areas across AXIS, including
underwriting, legal and compliance, actuarial, claims and IT.The
ideal candidate for this role will demonstrate an intimate working
knowledge of Property & Casualty insurance, including Property,
General Liability, Excess Casualty and Commercial Auto.The position
requires a strong sense of individual responsibility, critical
thinking and attention to detail.What will you do in this role?Key
Duties and Responsibilities:
- Effectively and efficiently draft policy forms to facilitate
business objectives within established timelines.
- Assist in the Product Development process for new products,
product re-writes, and endorsements from beginning-to-end.
- Draft language for new products and product enhancements.
- Analyze state-specific regulatory requirements.
- Work with legal and compliance, underwriting, actuarial, claims
and operations staff to ensure product, product drafts and
amendments meets internal and regulatory requirements.
- Assist in maintenance of AXIS Forms Library.
- Conduct research and help provide competitive analysis on
products and policy form language.
- Assist in review of product proposal output and marketing
materials.
- Assist in the delivery of products for filing submissions.
- Review, respond and negotiate approval of form objections from
state insurance departments during the filing submission process.
- Research general subject matter requests as necessary using
on-line resources inclusive of insurance law applications and other
available resources.
- Lead and manage projects related to form development and
implementation.
- Track and report on the status of form related projects.
- Other projects and duties as required by management.You may
also be required to take on additional duties, responsibilities and
activities appropriate to the nature of this role.About You:We
encourage you to bring your own experience and expertise to the
table, so while there are some qualifications and experiences, we
need you to have, we are open to discussing how your individual
knowledge might lend itself to fulfilling this role and help us
achieve our goals.What you need to have:
- Juris Doctor degree with insurance product development
experiencepreferred or equivalent work experience
- Minimum 5-7 years' Property & Casualty product drafting
experience
- Ability to effectively draft policy wordings to facilitate
business objectives
- Ability to lead and manage projects related to form development
and implementation
- Familiarity with P&C state filing and regulatory
requirements
- Ability to quickly analyze complex problems and create timely
solutions
- Ability to collaborate with various team/departments
- Strong project management skills
- Excellent oral and written communication skills
- Proficiency with Microsoft Office Suite applicationsRole
Factors:In this role, you will typically be required to:Embrace the
hybrid culture offered at AXIS (minimum 3 days per week in the
office).Work independently and as part of a cross-functional
team.Communicate effectively with both technical and non-technical
audiences.Provide superior client service.Make decisions
independently and effectively.What we offer:For this position, we
currently expect to offer a base salary in the range of $86,000 -
$115,000 (GA). Your salary offer will be based on an assessment of
a variety of factors including your specific experience and work
location.In addition, you will be offered competitive target
incentive compensation, with awards based on overall corporate and
individual performance. On top of this, you will be eligible for a
comprehensive and competitive benefits package which includes
medical plans for you and your family, health and wellness
programs, retirement plans, tuition reimbursement, paid vacation,
and much more.Where this role is based in the United States of
America, this role is Exempt for FLSA purposes.
Keywords: Axis Capital, Redan , Insurance Product Wordings Counsel, Legal , Alpharetta, Georgia
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