Position:     Product Development Specialist

Company:   Reinsurance Organization

Location:   New Jersey

Job ID:        17489

RESPONSIBILITIES:

- Create and maintain a portfolio of insurance products that meet the current and future needs of ICO’s clients.

- Develop new insurance products in support of specific insurance programs, tailored to the unique coverage needs of the program. Coordinate efforts with Company client groups and program administrators.

- Perform detailed coverage reviews of manuscript policy language for single risk accounts.

- Provide expert analysis and commentary, and draft amendatory policy language as necessary.

- Coordinate efforts with client groups and other shared service areas as appropriate.

- Provide technical expertise to internal and external clients regarding insurance coverages, policy construction and insurance contract language.

- Manage complex product development projects.

- Gather input from underwriters, claims, law and draft insurance contract language that considers all inputs. Manage the internal review and sign-off process for new insurance products.

- Participate in the monitoring and review of industry, bureau and regulatory changes related to the impact on ICO’s Products.

- Draft revised policy language as necessary to change to ICO’s insurance products.

QUALIFICATIONS:

- Extensive knowledge of primary and excess insurance products and coverage offerings.

- 5 or more year’s insurance product development experience, including demonstrated expertise in the review and drafting of insurance policy language.

- 10 or more years experience in P&C insurance environment.

- Strong working knowledge of the insurance product needs of the alternative and non-traditional marketplace (both admitted and non admitted).

- Must be a self starter, and have the ability to manage complex product development projects.

- Knowledge of admitted and non-admitted insurance regulatory requirements.

- Working knowledge of personal computers and software applications.

- Excellent communication skills and ability to work effectively with clients.

- CPCU or other related course work or equivalent insurance industry experience.

For more information, please visit http://www.nasearchg.com/.