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Product Development Specialist

$76.7k - $85.7k

PHLY Insurance Services Inc

Job Summary Product Development Specialist (Compliance) will develop new and amendment policy wordings and coordinate with the Compliance team during the filing process. The role reports to the Product Development Supervisor and works closely with teams in Compliance, Underwriting, Claims, Actuarial, Operations, and IT. Typical Day – Responsibilities Drafting and updating coverage forms, endorsements, and rate/rule pages. Preparing clear, well‑supported explanatory memos for submission to Departments of Insurance (DOIs). Researching competitor filings to inform product market positioning. Monitoring regulatory and legal changes and translating them into timely updates to forms and rules. Partnering with Underwriting and Actuarial to clarify project intent and confirm rating approach. Collaborating with Claims to refine form language and improve clarity. Supporting State Filings by compiling and organizing filing materials for DOI submissions. Responding to DOI objections and coordinating updates with Underwriting and Actuarial. Reviewing system requirements with IT to ensure programming aligns with the approved filing. Qualifications Excellent research, detail, creative problem‑solving, and project‑management skills. Strong influencing skills to ensure alignment with Underwriting, Actuarial, Operations, Claims, IT, and Compliance. Strong command of ISO Commercial Lines, ISO Manuals/Circulars, and regulatory concepts. Superior interpersonal, communication, and time‑management skills with the ability to develop and foster relationships with key stakeholders. Insurance designations a plus (CPCU, ASLI, AU, etc.). Bachelor’s degree (or higher) from an accredited college/university. Compensation National range $76,700.00 – $85,700.00. Final salary will be based on applicant experience and geographic location. Benefits Comprehensive benefit package including tuition reimbursement. Generous 401K match. Paid vacation, medical benefits, educational incentives, and family‑friendly benefits. Investment incentives. EEO Statement Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, sexual orientation and/or any other status protected by law. #J-18808-Ljbffr PHLY Insurance Services Inc

Vacancy posted 5 days ago
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