Zurich NA Jobs

Product Drafting Specialist I or II

103639

Zurich North America is currently looking for a Product Drafting Specialist to join our Property Product Development Team. We are offering the flexibility for this role to be based in our North American Headquarters in Schaumburg, Illinois or virtually. If office based, we are offering the flexibility to work both in the office and remotely. You will collaborate with your manager to set a hybrid schedule that supports you, your customers, and the team.

In this role you will use your expertise within Commercial Property insurance to help construct policies, create coverage enhancements, write manuscript endorsements, and provide guidance to underwriters. You will also assist with competitive analyses, product updates for new regulations, and will work with and update our internal tools.

This position can be filled at either the Specialist I or Specialist II reward level.  The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skill set relative to the qualifications listed for this position.

Responsibilities for this role include:

• Lead the development and drafting of accurate policy language and underwriting solutions (e.g., product development) for Commercial Property Lines of Business

• Identify market standard product opportunities based upon the latest product line, industry trends, and emerging risks

• Maintain and promote existing strategic partnerships both internally and externally

• Working collaboratively with internal stakeholders to ensure product objectives are achieved and the development process is executed.

• Advise the Business Unit and Underwriters in responding to coverage requests and drafts language for specific transactions and portfolio coverage enhancements

• Promote a consistent approach to coverage through adherence to an established coverage philosophy

• Structure new endorsements consistently and maintain the endorsement library with relevant updates and modifications

• Support underwriting strategy and product development by incorporating lessons learned from competitor forms and approaches to coverage in new products

• Participate in compliance-related queries, including state regulatory exams and insurance department inquiries

• Lead product refreshes (e.g., updating pre-existing coverages and endorsements) by managing form and endorsement drafting, leading reviews with Corporate Law and Claims Legal, and managing the filing process and Departments of Insurance review and approval process

• Analyzes and develops solutions pertaining to Insurance Regulatory requirements with respect to product filings within scope of underwriting.

Basic Qualifications: (Product Drafting Specialist I)

• Bachelor’s Degree and 5 or more years of experience in the Product Development areaOR

• High School Diploma or Equivalent and 7 or more years of experience in the Product Development areaAND

• Property and Casualty insurance experience in one major line of business

• Underwriting and/or Claims experience

Basic Qualifications: (Product Drafting Specialist II)

• Bachelor’s Degree and 8 or more years of experience in the Product Development areaOR

• High School Diploma or Equivalent and 10 or more years of experience in the Product Development areaAND

• Property and Casualty insurance experience in three or more major lines of business

• Underwriting and/or Claims experience

Preferred Qualifications:

• CPCU

• ARM

• CPU

• Juris Doctor

• Change management skills

• Experience with State filing department

The salary range for this role at the Specialist I level is $81,900-$102,400.  The salary range for this role at the Specialist II level is $101,700-$127,100.  This is the range Zurich NA in good faith believes is the range of possible compensation for this role at the time of the posting.  This range is only applicable for jobs to be performed remotely in any US state. Base pay offered may vary depending on, but not limited to education, experience, skills, geographic location, travel requirements, sales or revenue-based metrics, and business needs. This range may be modified in the future.  This job is also bonus eligible. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable.

As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time ( https://www.zurichna.com/careers/faq ).

A future with Zurich. What can go right when you apply at Zurich?

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please clickhere (https://www.zurichna.com/careers) to learn more.

As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.

Location(s): AM - Remote Work (US)

Remote Working: Yes

Schedule: Full Time

Linkedin Recruiter Tag: #LI-MF, #LI-ASSOCIATE