What are the responsibilities and job description for the Senior Product Wordings Counsel position at axiscapital?
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 Commercial Property, Construction/Builders’ Risk, Environmental, and Inland Marine, as well as Ocean Marine and Ocean Cargo.
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 experience
Minimum 10 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 applications
Role 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 $105,000 - $135,000 (GA) or $125,000 - $165,000 (NYC). 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.
Salary : $105,000 - $135,000
