Product Compliance Specialist
Richmond National · Glen Allen, VA · Yesterday
Finance$85k–$105k/yrFull-time
We are seeking a collaborative and detail-oriented professional with strong writing skills to join our Legal department as a Product Compliance Specialist. This is an excellent opportunity to join a growing team that will help shape the future of our company.
Responsibilities
- Product Design & Innovation
- Lead the drafting, review, revision, and production of policy forms, endorsements, and applications for new and existing commercial insurance products.
- Translate underwriting objectives and strategies into precise, legally sound policy language.
- Monitor market trends, competitor offerings, and legal/regulatory/judicial changes to inform product enhancements.
- Regulatory & Compliance
- Partner with internal legal and compliance teams to ensure all products meet applicable regulatory requirements.
- Research state insurance statutes and regulations as they apply to product design.
- Cross-Functional Collaboration
- Partner with internal stakeholders to align form language and risk appetite.
- Support underwriting and claims with coverage interpretations, training, and documentation.
- Collaborate with IT and operations teams to implement policy changes into systems and processes.
- Leadership & Strategy
- Lead internal initiatives for product standardization, innovation pilots, or compliance audits.
- Serve as a key resource in product-related projects and internal audits.
Qualifications
- Bachelor’s degree and/or legal training (such as a paralegal certification) preferred; J.D. is a plus.
- 3+ years of commercial lines insurance experience or relevant experience in contract drafting, regulatory work, coverage analysis, or related roles.
Skills
- Excellent analytical, writing, and communication skills.
- Familiarity with insurance regulatory frameworks across states.
- Familiarity with ISO Forms a plus.
- Strong proficiency in Microsoft Office; experience with product or contract lifecycle management tools (i.e. Mozart) is a plus.
Pay
The expected base salary range for this role is $85,000–$105,000 annually. Additionally, this position is eligible for participation in our annual bonus program.
Benefits
- Medical, Dental, and Vision insurance plans.
- FSA/HSA plans available.
- Basic Life/AD&D/Short Term/Long Term Disability coverage.
- 401(k) with company match of up to 6%.
- Flexible PTO plan, 11 paid company-wide holidays, plus your birthday off.