Description:
The Counsel, Financial Lines position is responsible for supporting the Financial Lines underwriting business in North America with the primary responsibility of advising business clients on management and/or professional liability policies and coverage for financial institutions and private/not-for profit organizations.- Communicate effectively with business partners, underwriting, claims professionals and Legal and Compliance colleagues to provide clear guidance on coverage developments, industry trends and new exposures in management and/or professional liability.
- Develop, draft, review and revise new and existing financial lines insurance products, as well as endorsements, contracts, marketing materials and other ancillary documents associated with such policies.
- Review and interpret applicable federal and state laws and regulations, legislative developments, case decisions and claims verdicts pertaining to financial lines in order to provide comprehensive legal advice.
- Collaborate with management, underwriting, brokers and policyholders to negotiate coverage terms and conditions.
Qualifications:
- Law degree with at least 3 years of experience working in insurance law and specialty insurance (management liability and professional liability) or working with financial lines coverage issues.
- Experience in policy and endorsement drafting.
- Demonstrated ability to understand the insurance industry, client needs, and business goals and provide sound consultation and achieve desired results.
- Have strong interpersonal and communication skills and the ability to effectively interact with a broad spectrum of constituencies.
- Have a proven track record of results achievement, collaboration, teamwork, problem solving, and negotiation skills.
