Senior Product Wordings Counsel - Axis Capital Holdings
Alpharetta, GA
About the Job
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 rolecontribute to our collective success?
This rolewill work closely with AXISProperty & Casualtyunderwriters to design,draft andmaintainpolicy formsand endorsements for new and existing Property & Casualty productsto ensurethatpolicy terms accurately reflect underwriting intent and are compliant with state regulations.In addition, this role will also work with AXIS Filingsteamto ensure that all admitted product forms are filed and issuedpursuant toapprovedstatefilingsandwithAXIS 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.
Theidealcandidatefor this role willdemonstratean intimate working knowledge ofProperty & Casualty insurance, including Commercial Property, Construction/Builders’ Risk, Environmental, and Inland Marine, as well as Ocean Marine and Ocean Cargo.
The position requiresa strong senseof individual responsibility, criticalthinkingand attention to detail.
What will you do in this role?
Key Duties and Responsibilities:
Effectively and efficiently draft policy forms tofacilitatebusinessobjectiveswithin established timelines.
Assistin the Product Development process for new products, product re-writes, and endorsements frombeginning-to-end.
Draft language for new products and product enhancements.
Analyzestate-specificregulatoryrequirements.
Work with legaland compliance, underwriting, actuarial, claims and operations staff to ensure product, product drafts and amendments meets internal andregulatoryrequirements.
Assistin maintenance of AXIS Forms Library.
Conduct research andhelpprovide competitive analysis on products and policy form language.
Assistin review of product proposal output and marketing materials.
Assistin 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 alsobe requiredto take onadditionalduties, responsibilities and activities appropriate to the nature of this role.
About You:
We encourageyouto bringyourown experience andexpertiseto 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 Doctordegree with insurance product development experience
Minimum 10 years’ Property & Casualtyproduct drafting experience
Ability to effectively draft policy wordings tofacilitatebusiness objectives
Ability to lead and manage projects related to form development and implementation
Familiarity withP&Cstate filing and regulatory requirements
Ability to quickly analyze complex problems and createtimelysolutions
Ability to collaborate with various team/departments
Strong project management skills
Excellent oral and written communication skills
Proficiencywith Microsoft Office Suite applications
Role Factors:
In this role, you will typicallybe requiredto:
Embrace the hybrid culture offered at AXIS(minimum3 days per weekin 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$105,000 - $135,000 (GA) or $125,000 - $165,000 (NYC).Yoursalary offer will be based on an assessment of a variety of factors includingyour specificexperience 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 fora comprehensive and competitive benefits package which includes medical plans foryou 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 isExemptfor FLSA purposes.