Position Summary:We are seeking a highly skilled and motivated Drafting Lawyer to join our team within the Healthcare and Financial Lines divisions. The ideal candidate will possess a strong background in insurance law, specializing in management and professional liability coverage. This role will involve advising business clients on financial lines insurance policies, drafting essential documents, and collaborating with various stakeholders to navigate legal complexities in the insurance industry.
Essential Duties- Provide legal counsel to support the Healthcare and Financial Lines underwriting business, focusing on medical malpractice, including Tech E&O and Products Liability, and Management and Professional Liability policies.
- Advise business clients on coverage options and implications related to healthcare and financial institutions products.
- Develop, draft, review, and revise new and existing policies, endorsements, contracts, marketing materials, and ancillary documents.
- Collaborate with management, underwriters, brokers, and policyholders to negotiate and establish favorable coverage terms and conditions.
- Communicate with internal business partners, including Underwriting, Claims and Compliance, to relay information on coverage developments, industry trends, and new exposures relating to products.
- Analyze and interpret applicable federal and state laws, regulations, legislative developments, case decisions, and claims verdicts relating to financial lines to provide comprehensive legal guidance and ensure compliance with state requirements.
- Stay informed of industry advancements and emerging trends to ensure responsiveness to evolving client needs and regulatory environments.
- Foster strong relationships with internal and external stakeholders, maintaining open lines of communication to facilitate effective decision-making.
Qualifications:- Proven expertise in drafting and interpreting insurance policies and endorsements, with a solid understanding of the necessary legal requirements.
- Strong comprehension of the insurance industry landscape, client needs, and business objectives, enabling the provision of insightful consultation and achieving positive results.
- Exceptional interpersonal and communication skills, capable of effectively engaging with diverse constituents, including clients, colleagues, and industry professionals.
- Demonstrated track record of achieving results through collaboration, teamwork, problem-solving, and negotiation in high-pressure environments.
- Analytical mindset with an ability to synthesize complex information and present clear, actionable recommendations.
- High degree of professionalism, integrity, and ethical judgment in all interactions and dealings.
Education/Experience:- Juris Doctor (JD) degree from an accredited law school with a minimum of 10 years of experience in insurance law, specialty insurance (healthcare, management liability and professional liability). Product development and/or coverage experience required.
In New York City, NY the pay range for this role is $225,000-$275,00, depedng on your experince. This role may also be eligible to participate in a discretionary annual incentive program. The specific offer will depend on an applicant's skills and other factors. This range is specific to New York City, NY and may not be applicable to other locations.
