Jobs · Finance · Virginia

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.

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