Senior Contract Drafter, Accident & Health

Senior Contract Drafter– US A&H Product Team

Job Summary:  The primary function for the Product Contract Analyst Senior role is to prepare and design new and enhanced product forms for the US Accident & Health team.  The role requires close collaboration with key partners in the following business functions – Underwriting, Distribution, Actuarial, Legal, Claims and Marketing to ensure the success of the strategic goals of US A&H are met from a product perspective.

How you will create an impact

• Draft language for generic and state specific product policy forms for assigned projects for filing with state DOI’s based on company standards and all relevant legal and regulatory requirements, including necessary forms to facilitate approval/sign-off from management and relevant business teams. 

• Review proposed insurance policies, endorsements, rate and rules and assist business units on filing strategies, pre-filing research and areas of deficiency.

• Develop policy wording for new coverages that accurately defines the intent whether for a completely brand-new policy form or an amendment that adds new coverage to an existing form.

• Form types developed: policy, certificate, riders & endorsements, filing letters explaining product scope/covered groups/product variations, Explanation of Variables, and Issue Pages.

• Develops policy forms for “single case filings” as needed and in accordance with state statutes and regulations based on information provided by product, underwriting, actuarial, legal and compliance.

• Partner with state filing department, legal, compliance, product, underwriting, and actuaries to obtain responses to comments and/or objections from state insurance examiners.

• Reviews objections and statutory references and develops responses to objections or comments from state insurance departments in accordance with state statutes and regulations and in a professional tone.

• Provide expertise in analyzing proposed product change requests to current or previous filings, defining possible options to support the requested changes and clearly identifying the impact.

• Provide product support to others, including Underwriting, Marketing and training teams as it relates to policy forms.

• Monitor and track filing statuses to ensure established metrics are met and all necessary stakeholders are kept up to date regarding form development progress and activity.

• Review marketing material for product content to ensure compliance with A&H advertising regulations and clarity of product offering for the consumer.

• Provide ad hoc guidance to the Canadian team to assist with product development and implementation of best practices for process and form language.

What you'll need to succeed

• Bachelor’s degree from a four-year college or university or equivalent experience

• 5+  years of product policy forms development experience, preferable with Accident and Health products

• Experience working with state insurance departments and SERFF is preferred

• Strong ability to analyze and interpret product specifications/business intent and transfer those requirements into compliant policy form language

• Strong ability to interpret and translate state insurance statutes and regulations

• Strong analytical, writing and interpersonal skills

• Strong organizational and communication skills

• Strong ability to pay close attention to detail

• Strong ability to function independently in a fast-paced environment

• Strong ability to handle large and diverse workload

• Strong execution skills with the ability to ensure achievement of critical goals

Ready to step up to new challenges? We would love to hear from you.

For positions based in NYC, the base salary range is $70,000-$95,000. The position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview. 

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At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively an