Product Development Specialist

About the role

Future focused and always one step ahead! This Product Development Specialist role will support underwriting business units through effective project management, maintenance and development of new and innovative insurance products and services. The role will foster continuing development of knowledge of product lines, regulatory developments and coverage innovations. The Product Development Specialist will work closely with the Product Development team, and other stakeholders in Corporate Underwriting and functional Business Units.

Responsibilities

• Create and maintain speed to market guidance in regulatory compliance and drive filing strategy for proprietary P&C and Specialty Products.
• Draft all regulatory notices and change endorsements, and state-specific endorsements to comply with regulatory requirements in connection with form filings.
• Primary contact for Product Development for all regulatory inquiries relating to filings, and application of regulatory issues on surplus lines business.
• Regularly review regulatory and bureau (ISO, NCCI and AAIS) changes and insurance department actions to determine applicability to the Company’s products.
• Research emerging issues related to our products and operations and make recommendations to management and updates, where needed.
• Continue development of depth of knowledge of specific product lines and regulatory developments, including coverage innovations.
• Provide ad hoc drafting support to Product Development team on P&C and Specialty products, as needed.

Qualifications

• Bachelor’s Degree required; Juris Doctor Degree or CPCU a plus
• 6–10 years product and/or insurance regulatory experience
• Extensive knowledge of product development and form/rate filings processes for P&C and Specialty Products based on relevant insurance experience in product development in Standard, Specialty, Primary and Excess lines of business including sophisticated underwriting applications and techniques
• Experience with bureau (ISO, NCCI and AAIS) and insurance regulatory web resources
• Proven ability to develop and foster relationships with key external and internal stakeholders
• Superior interpersonal, presentation, oral and written communication skills
• Excellent research, detail orientation, creative problem solving and project management skills
• Proficiency in enhancing existing processes and feedback loops

Benefits

• Two options for health insurance (PPO or High Deductible) including prescription drug coverage
• Vision and dental insurance plans
• Basic life insurance equal to 1× annual salary and AD&D coverage equal to 1× annual salary at no cost
• Short- and long-term disability coverage
• Optional supplemental life and AD&D plans for employee, spouse/domestic partner, and children
• Voluntary accident, critical illness, and hospital indemnity plans
• 401(k) with up to a 5% employer match
• 100% company-funded retirement savings plan
• 24 days paid time off annually, increasing with service milestones
• Yearly employee bonus eligibility
• No-cost health and wellness programs
• Paid time off for eligible family care needs
• Tuition assistance and educational achievement bonuses
• Corporate matching gifts program
• Paid volunteer time

Pay

The base salary range for this position is $101,700 – $169,500, plus an annual bonus opportunity based on eligible pay. Actual salary will be adjusted for location and determined by specific skills, years of experience, and internal equity; most candidates will start in the bottom half of the range.