Remote Product Development Intern Jobs in Barrington, IL

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Position Overview

In this role, the Product Development attorney will drive the design, development, and enhancement of Cyber and Professional Liability insurance products and forms and collaborate with Underwriting, Claims, Compliance, and Actuarial teams, where necessary to ensure products are competitive, compliant and aligned with corporate objectives. This role is within the Arch Insurance North America Product Development team embedded in the Corporate Underwriting (CU) division.

Key Responsibilities

Product Support & Form Development

• Review, draft and create insurance coverage forms on Cyber and Professional Liability products.
• Provide legal oversight and subject matter expertise for drafting policy form language and preparing coverage analyses on such lines of business.
• Communicate and collaborate with Underwriters, Managers, Claims Professionals, Third-party business partners, and Compliance to ensure products remain competitive while protecting their profitability.
• Identify and implement best practices to ensure proper and consistent form development and compliance while meeting business goals.
• Leverage resources, technology, and processes to drive innovation within the form development process.

Regulatory, Market, and Stakeholder Collaboration

• Partner with Compliance to support forms filings by providing necessary materials, information, and forms-related guidance, ensuring efficient handoffs of final forms and supporting documentation for Compliance use.
• Engage, manage, and maintain relationships with key partners: Underwriting, Claims, Compliance, Actuarial, and other stakeholders to monitor and share knowledge on market trends, regulatory impacts, legal changes, and loss developments.

Qualifications

• Detailed technical knowledge of Cyber products (including first-party, third-party, and crime coverages) and professional liability products.
• Strong written and verbal communication, influencing, negotiating, listening, and interpersonal skills.
• Strong problem-solving, critical thinking, analytical, organizational, and time management skills; ability to analyze, organize, and present information clearly.
• Ability to participate in active strategic discussions and to work independently and in a team environment.
• Ability to manage projects from concept to fruition with minimal oversight.

Education and Experience

• Juris Doctor (JD); admitted to a state bar in good standing.
• Minimum 3 - 5 years of experience in insurance product development, underwriting, regulatory legal, or related fields.
• Willing and able to travel approximately 15-20%.
• This is a remote position, limited to East and Central time zones.

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For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

$133,300 - $207,000/year

• Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.

• Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.If this job isn't the right fit but you're interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.