Crum & Forster
AVP, Product Management & Regulatory Compliance, Executive Risk - Jersey City, N
Crum & Forster, Bradley, Wisconsin, United States
AVP, Product Management & Regulatory Compliance, Executive Risk - Jersey City, NJ/Hybrid
Join to apply for the AVP, Product Management & Regulatory Compliance, Executive Risk - Jersey City, NJ/Hybrid role at Crum & Forster.
What You Will Do
Create new and revised products as requested by Underwriters and aid in the development of any new business initiatives (Management Liability, Crime & Fidelity, Cyber & Technology E&O and Miscellaneous & Lawyers Professional Liability)
Develop and maintain coverage forms, endorsements, applications, quote and binder templates, and rate/rule plans for proprietary and bureau-based insurance products
Draft manuscript endorsements, as requested by Underwriting staff, that provide needed coverage changes while maintaining the integrity of the policy form; track manuscript endorsement use and complete individual risk filings, where necessary
Act as a key resource for researching coverage nuances across Executive Risk Products in response to potential industry trends
Maintain awareness of market trends and identify emerging threats and opportunities
Manage product development projects (admitted and non-admitted) in collaboration with Underwriting, Claims, Legal, Actuarial, and State Filings staff members
Execute and formalize an insurance product filing by completing all required state checklists, certification and Flesch Test scoring as necessary
Deliver prompt and well-written responses to state insurance department objections
Monitor regulatory changes to determine need for revisions to proprietary products or exceptions to bureaus’ products
Create internal guidance and distribute to Underwriting staff regarding products and new or revised requirements, including topics such as manuscript endorsements, memorandums of insurance, assumed reinsurance, etc.
Maintain forms and rates/rules on a Product Management SharePoint site
Support Product Business Analysts by providing regulatory guidance and answers to inquiries on policy form, rates and rules as needed; actively participate in Duck Creek policy issuance system calls as the user interface is being built
Act as a resource for guidance on compliance topics such as commercial deregulation, NYFTZ, premium surcharges, TRIA, cancellation and nonrenewal, extended reporting periods, surplus lines and other regulatory issues
Participate in internal audits in tandem with Underwriting and provide regulatory/compliance feedback as needed
Assist in the training of new hires and Underwriting staff
What You Will Bring To C&F
Juris Doctor (J.D.) and 10+ years’ legal/insurance industry experience
CPCU designation or other related coursework preferred, or equivalent insurance industry experience
Extensive knowledge of admitted and surplus lines insurance products and development of policy forms and rules
Familiarity with ISO, SFAA and other insurance bureaus
Experience with ISOnet, SERFF and Duck Creek preferred
Five or more years direct insurance product development experience, including demonstrated expertise in drafting insurance policy forms, rules and rate manuals
Outstanding written and verbal communication skills
Strong interpersonal and organizational skills
High degree of accuracy and attention to detail in a fast‑paced environment
Proficient in Microsoft Office Suite
What C&F Will Bring To You
Competitive compensation package
Generous 401K employer match
Employee Stock Purchase plan with employer matching
Generous Paid Time Off
Excellent health, dental, vision and wellness benefits focused on the whole family
Tuition reimbursement, industry certifications and professional training to advance your career
A dynamic, ambitious, fun and exciting work environment
Employee‑driven corporate giving program, volunteer opportunities and matching donation program to support community impact
At C&F you will BELONG If you require special accommodations, please let us know. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. For California residents only: Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies. Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position ...
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What You Will Do
Create new and revised products as requested by Underwriters and aid in the development of any new business initiatives (Management Liability, Crime & Fidelity, Cyber & Technology E&O and Miscellaneous & Lawyers Professional Liability)
Develop and maintain coverage forms, endorsements, applications, quote and binder templates, and rate/rule plans for proprietary and bureau-based insurance products
Draft manuscript endorsements, as requested by Underwriting staff, that provide needed coverage changes while maintaining the integrity of the policy form; track manuscript endorsement use and complete individual risk filings, where necessary
Act as a key resource for researching coverage nuances across Executive Risk Products in response to potential industry trends
Maintain awareness of market trends and identify emerging threats and opportunities
Manage product development projects (admitted and non-admitted) in collaboration with Underwriting, Claims, Legal, Actuarial, and State Filings staff members
Execute and formalize an insurance product filing by completing all required state checklists, certification and Flesch Test scoring as necessary
Deliver prompt and well-written responses to state insurance department objections
Monitor regulatory changes to determine need for revisions to proprietary products or exceptions to bureaus’ products
Create internal guidance and distribute to Underwriting staff regarding products and new or revised requirements, including topics such as manuscript endorsements, memorandums of insurance, assumed reinsurance, etc.
Maintain forms and rates/rules on a Product Management SharePoint site
Support Product Business Analysts by providing regulatory guidance and answers to inquiries on policy form, rates and rules as needed; actively participate in Duck Creek policy issuance system calls as the user interface is being built
Act as a resource for guidance on compliance topics such as commercial deregulation, NYFTZ, premium surcharges, TRIA, cancellation and nonrenewal, extended reporting periods, surplus lines and other regulatory issues
Participate in internal audits in tandem with Underwriting and provide regulatory/compliance feedback as needed
Assist in the training of new hires and Underwriting staff
What You Will Bring To C&F
Juris Doctor (J.D.) and 10+ years’ legal/insurance industry experience
CPCU designation or other related coursework preferred, or equivalent insurance industry experience
Extensive knowledge of admitted and surplus lines insurance products and development of policy forms and rules
Familiarity with ISO, SFAA and other insurance bureaus
Experience with ISOnet, SERFF and Duck Creek preferred
Five or more years direct insurance product development experience, including demonstrated expertise in drafting insurance policy forms, rules and rate manuals
Outstanding written and verbal communication skills
Strong interpersonal and organizational skills
High degree of accuracy and attention to detail in a fast‑paced environment
Proficient in Microsoft Office Suite
What C&F Will Bring To You
Competitive compensation package
Generous 401K employer match
Employee Stock Purchase plan with employer matching
Generous Paid Time Off
Excellent health, dental, vision and wellness benefits focused on the whole family
Tuition reimbursement, industry certifications and professional training to advance your career
A dynamic, ambitious, fun and exciting work environment
Employee‑driven corporate giving program, volunteer opportunities and matching donation program to support community impact
At C&F you will BELONG If you require special accommodations, please let us know. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. For California residents only: Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies. Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position ...
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