Associate General Counsel, Head of Product and Coverage

Internal Revenue Service; New York (NY); Hybrid; USD 250,000 - 300,000; Full time

Job summary

A leading insurance company is seeking an Associate General Counsel to lead their Product and Coverage team in New York. The ideal candidate will guide product development ensuring compliance and oversee legal aspects of a range of insurance products. This role requires a strong background in law and insurance, along with significant leadership experience to influence product strategy and drive innovation.

Benefits

Medical

Dental

Vision

401(k) 6% safe harbor match

Tuition reimbursement

Qualifications

• 15 years of related experience in product management and legal fields.
• Comprehensive knowledge of NAIC / RBC capital regimes.
• CFA Designation required.

Responsibilities

• Lead the product and coverage team to develop product strategies.
• Draft, review, and negotiate re/insurance policies and contracts.
• Serve as liaison with regulators for product filing processes.

Skills

Strong negotiating skills

Strong verbal communication

Leadership skills

Problem-solving capacity

Education

Bachelor’s degree (B.A.) or equivalent

Master’s degree (M.A.) or equivalent or CFA preferred

Job description

Description

Associate General Counsel, Head of Product and Coverage NY- Hybrid

Who We Are

SiriusPoint is a global underwriter of insurance andreinsurance. We utilize deep risk capabilities to protect ourcustomers and provide intelligent risk solutions to clients andbrokers around the world.Bermuda-headquartered and listed on the New York StockExchange (SPNT), wework as ‘One SiriusPoint’, to applyexpertise and underwrite risks across our four operationalareas - InternationalInsurance,North American Insurance,Global Accident and Health,andGlobal Reinsurance.

We have underwriting hubs in Bermuda, Liege,London, NewYork, Stockholm and Toronto, and licenses to write Property& Casualty and Accident & Health insurance and reinsuranceglobally.

Join Our Team

We are seeking a dynamic and experienced Product and Coverage attorney to lead our Product and Coverage Counsel team. In this role, you will lead the development and enhancement of our insurance products from a legal perspective, ensuring compliance with regulatory requirements and alignment with business objectives. You will work closely with cross-functional teams to drive product innovation and strategy. Further, you will oversee and provide expert guidance to claims professionals, conduct coverage analyses and advise the product team on wordings impact. The role reports to the Chief Legal Officer.

Your responsibilities will include:

• Lead the product and coverage team to develop and execute product strategies and advise on policy wordings and language impact that align with the company’s vision and goals.
• Draft, review and negotiate re/insurance policies and contracts.
• Identify and mitigate legal risks associated with re/insurance product features and functionalities.
• Serve as lead liaison with regulators in connection with managing product filing processes as needed.
• Support the entire product lifecycle from ideation to launch, ensuring products meet business needs and regulatory requirements.
• Collaborate with cross-functional teams including underwriting, finance, claims, and pricing to ensure seamless product development, wordings, implementation and support.
• Provide expert legal advice to underwriting on policy wordings, development and enhancements, including regulatory requirements, claims & coverage impact and filing strategy.
• Guide and support the strong feedback loop of lessons learned and implement processes to capture and respond to wordings enhancement and remediation needs.
• Provide expert legal advice to claim professionals on coverage questions
• Prepare coverage position letters on selected high complexity/exposure claims.
• Manage and oversee coverage litigation against the Company.
• Manage and oversee allegations of bad faith and ECO/XPL exposure against the Company.
• Assist in preparing witnesses, discovery, selecting and managing panel counsel, and delivering better coverage litigation management processes.
• Stay updated on relevant laws, regulations, and industry trends to provide accurate and current advice.
• Collaborate with internal teams to ensure compliance with legal and regulatory requirements.

United behind common goals

At SiriusPoint we work as one team across our global business, and we unite that team behind common goals, understanding the positive impact we can all make at SiriusPoint. We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career.

Our Purpose is to provide security and resilience in an uncertain world.

Our Vision is to be recognized as a best-in-class insurer and reinsurer utilizing deep risk capabilities to protect our customers. Blending our talent, expertise and data to provide intelligent risk solutions.

Our culture is one ofperformance and accountability. Our people are our experts and you will be empowered to apply your expertise in a supportive, collaborative and purposeful environment.

OurValues are at the heart of our business, and which guide every day actions and decision making.

• Integrity: Integrity, respect and trust are our core principles
• Customer Focused: Our customers are the reason we exist
• Solution Driven: Creating solutions is our mindset
• Diversity: Diversity, inclusion and allyship make us stronger
• Collaboration: Collaboration drives outperformance
  

Your skills and abilities should include:

• Bachelor’s degree (B.A.) or equivalent required; Master’s degree (M.A.) or equivalent or CFA preferred; and at least 15 years of related experience and/or training, including prior experience managing insurance portfolios.
• Comprehensive knowledge of NAIC / RBC and BMA / BSCR capital regimes
• CFA Designation required.
• Comprehensive knowledge of investment practices, procedures and principles, sufficient to interpret and analyze complex concepts and apply these in innovative ways
• Strong verbal and written communication skills
• Ability to develop creative approaches and solutions necessary to pragmatically solve complex problems
• Strong negotiating skills and ability to resolve conflicts to achieve objectives.
• Self-motivated and proactive with a focus on continuous professional development
• Strong leadership skills, including the desire and aptitude to build direct reports’ skills and team culture
• Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups, and/or boards of directors.
• Ability to apply principles of logical thinking to a wide range of intellectual and practical problems.
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Ability to work cooperatively and successfully with co-employees, customers, and other outside third parties.
• Position manages large quantities of information and assesses those that are relevant to investment thesis. Makes significant decisions without complete information.
• Substantial intellectual reasoning, problem solving capacity and disciplined strategy execution are keys to this position.
  

SALARY: The estimated salary range for this position is $250,000 per year to $300,000 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, SiriusPoint will consider a candidate’s relevant experience, location, and other job-related factors.

Why Should You Join SiriusPoint?
Our people are our experts, and from day one you will be empowered to apply your expertise in a supportive, collaborative, and purposeful environment.Our Values - Integrity, Customer Focused, Solution Driven, Diversity, and Collaboration - are at the heart of our business, and they guide our everyday actions and decision making. We also unite our global team behind common goals, ensuring you can make a meaningful impact.

We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career. We offer a competitive and above market compensation package. The following are some of the benefits and perks we offer our employees:

• Medical
• Dental
• Vision
• FSA Medical and Dependent care
• Health Savings Account (HSA)
• EAP
• Basic Life and AD&D (company paid)
• Basic Long-Term Disability (employer) paid-Taxable income
• Employee paid Long Term Disability(voluntary)
• Company Medical Leave, Parental leave- 8 weeks full pay after 6 months of service
• Voluntary benefits: short term disability, Critical illness, Hospital Indemnity, Accident
• Travel assistance programs Company paid
• 401(k) 6 % safe harbor match, fully vested after two years, pre- and post-tax contributions allowed
• Gym reimbursement
• Legal plan
• Pet Insurance
• Tuition reimbursement
• Generous PTO
• Flexible work arrangement
• Fully stacked pantry on-site
• Team outings
• ERG Groups

We Achieve More Together
At SiriusPoint, we know that diversity, inclusion and allyship make us stronger. We value and are committed to supporting the unique voices, backgrounds, cultures, lifestyles, and contributions of the diverse global employee base that make up our business.

We know that a diverse and equitable culture, where all voices are included and heard, is critical to our success as an employer. We are committed to developing our DE&I strategy to ensure that SiriusPoint remains a supportive and empowering place of work.