AVP, Product Development

At Coaction, we’re a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients.

As AVP, Product Development, you will provide product guidance and support to Coaction’s underwriting teams by drafting and developing products across all verticals. You will work closely with underwriting leaders on coverage, policy language, related regulatory issues, and product innovation.  You will attend meetings with brokers/producers and engage in thought leadership in connection with such products.  

Responsibilities:

• Lead the product development process by working with underwriting, claims, and coverage teams to develop and draft new products, as well as improve existing products

• Review and provide legal advice in connection with developing and drafting new insurance products and improving existing products

• Advise on market standard offerings and opportunities for Coaction’s underwriting teams. 

• Advise on specific implications of potential business decisions and initiatives to enhance opportunities and reduce business risk.  

• Promote a consistent approach to coverage, coverage philosophy, coverage guidelines, and best practices.

• Monitor industry trends and changes in law impacting the relevant vertical markets.

• Liaise with filing team during the product filling process, lead response efforts to critiques and objections from regulators, and collaborate with underwriting, claims, and coverage teams as necessary to resolve any such issues.

• Collaborate with the reinsurance team, utilizing knowledge of the various products, to ensure that the company's interests are properly protected by our outwards reinsurance contract wording.

• Ensure successful implementation of key technical initiatives by consulting with executives and other company leaders and implementing plans to improve business effectiveness.  

• Identify and analyze complex legal issues and make solution-oriented recommendations in resolving such issues.  
    

Qualifications:

• Juris Doctor degree and admission to practice law in at least one state

• 6+ years of experience in either a law firm or relevant in-house position, ideally with an insurance focus.

• Strong command of management and professional lines products, including D&O, E&O, FI, Cyber, and their related lines of coverage. 

• Highly organized, analytical, and detail-oriented

• Ability to manage multiple projects in a dynamic environment

• Strong interpersonal skills with a collaborative and energetic style

• Excellent writing and verbal communication skills

• Desire to learn and gain exposure to new areas

* *This is not available as a fully remote employment. Interested applicants must be willing to work on a hybrid work schedule.**

Salary range specific to this role : $170,900 - $203,000 + discretionary incentive bonus + benefits depends on various factors including, without limitation, individual and organizational performance. The offered rate of compensation will be based on individual education, experience, and qualifications.  In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.”

Equal Opportunity Employer

Coaction is an Equal Employment Opportunity employer. Coaction’s policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, and genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.

If your application is selected, you will receive an email directly from the Coaction Recruiting Team at [email protected] asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent.