Liability Insurance Product Wording Specialist- Job # 9572

Liability Insurance Product Wording Specialist

Based downtown Toronto - hybrid opportunity

Global Organization

Job Summary

Our Client is hiring a Liability Product Wording Specialist to join their team! This role will be located in the Toronto location; however, we are open to remote work for the right candidate located anywhere within Canada.

You will provide specialized expertise in insurance wording development, transactional support, and project leadership for Large Liability, Programs, and Middle Market Underwriters, with the objective of efficiently and successfully creating innovative insurance products.

You will also operate autonomously and with minimal supervision, serving as a Subject Matter Expert to facilitate the achievement of business objectives and the delivery of superior customer service, while effectively managing and mitigating legal and regulatory risks.

Job Accountabilities - Key Accountabilities

Product Development and Enhancement:

1. Collaborate with various teams to define specifications and efficiently build new products or enhance existing ones.
2. Review competitors' offerings and pricing for better positioning. Stay updated on industry and product line trends.
3. Support change management, organizational design improvements, and development of IT product specifications.
4. Develop and follow process flows to enhance customer experience and efficiency.
5. Maintain and promote strategic internal partnerships.
6. Advise Business Units and Underwriters on coverage requests, drafting language for transactions, and securing approval for policy terms and conditions.
7. Ensure consistent coverage approaches by adhering to established philosophies.

Technical and Strategic Contributions:

1. Lead projects of moderate to high complexity, ensuring timely and effective completion.
2. Help develop underwriting guidelines, best practices, and controls.
3. Conduct legal research related to contract drafting.
4. Develop training materials on critical policy provisions and new products.
5. Participate in reviews to assess forms usage and underwriting quality.
6. Structure and update endorsements, maintaining a comprehensive library.

Job Qualifications

Preferred:

• 8-10 years of experience in the Product Development area
• FCIP / CRM
• Ability to develop collaborative relationships
• Strong verbal and written communication skills
• Strong project management and time management skills
• Strong problem solving and analytical skills
• Juris Doctor (JD) / Bachelor of Laws (LLB)
• Underwriting and/or Claims experience

Interested candidates please contactAntonella Leone at 647-624-9609.