Policy-Wording Specialist

Title: Insurance Policy Wording Specialist

Location: current schedule is hybrid (40-50% in the Amelia, Ohio office)

*Please add a cover letter with details if you are not local and plan to relocate for the hybrid schedule

Recruiter: Sonya Fischesser

Exempt position

Applicants requiring employer sponsorship of a visa will not be considered for this position.

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property - such as manufactured homes and specialty dwellings - and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can't. We write admitted products in all 50 states and have a premium volume of $1.9 billion.

Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re's Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day - all in a flexible environment that helps them succeed both at work and at home.

Purpose:

• The Policy Wording Specialist works with various departments within the organization, including Product, Actuarial, Underwriting, Legal & Compliance, and Claims, to identify insurance product specifications and address state-specific requirements in connection with policy development.

Roles & Responsibilities:

• Consult with various departments within the organization, including Product, Actuarial, Underwriting, Legal & Compliance, and Operations to identify and build insurance product policy language.
• Draft complex insurance policy provisions based on product specifications.
• Collaborate with the Legal & Compliance Department to adopt regulatory research and analysis with respect to state requirements that apply to the policy forms.
• Work with the Legal & Compliance Department to draft complex policy language, and develops strategic approaches and solutions to address complex policy-related and customer-specific issues.
• Collaborate with the Legal & Compliance Department to determine if changing laws and regulations impact policy forms; and implement any required policy-language changes in coordination with product and operational partners.
• Partner with various departments within the organization, including Product, Actuarial, Underwriting, Legal & Compliance, Claims, and other internal partners as needed to address and develop strategies to resolve complex policy-related issues.
• Serve as technical leader to team members.
• Perform other related duties as assigned or required.
• Assist in business-system readiness testing for accuracy and compliant production of forms.
• Ability to manage a number of priorities simultaneously, establish and meet deadlines, coordinate activities with other departments and perform job with a high level of accuracy and attention to detail.
• Possess excellent oral and written communication skills with ability to interact with all levels of management.

Required Technical Skills:

• Strong analytical abilities including understanding of coverage and policy forms.
• General understanding of pricing segmentation, state insurance laws, reinsurance, insurance policy language, product management, and underwriting.
• Proven ability to lead, innovate and make decisions in order to foster and develop more advanced techniques as appropriate for the functional area.

Education, Certifications & Designations:

Required: Bachelor's Degree in Insurance or similar discipline

Preferred: MBA or similar advanced degree, CPCU and/or FCAS

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible)
• Prescription drug coverage (included in your health insurance plan)
• Vision and dental insurance plans
• Short and Long Term Disability coverage
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
• Eligibility to receive a yearly bonus as a Munich Re employee
• A variety of health and wellness programs provided at no cost
• A hybrid environment that gives you a choice in where and how you get work done
• A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
• An on-site complimentary workout facility as well as walking trails on campus grounds
• On-site wellness center complete with nurse practitioner
• Financial assistance for adoptions and infertility treatment
• Paid time off for eligible family care needs
• Tuition assistance and educational achievement bonuses
• Free parking
• A corporate matching gifts program that further enhances your charitable donation
• Paid time off to volunteer in your community

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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