Compliance Manager - Product Development

Philadelphia Insurance Companies; Ewing Township (NJ); Hybrid; USD 114,000 - 128,000; Full time

Benefits offered by this job

Hybrid work model

Remote work consideration

Tuition reimbursement

401K match

Job summary

Philadelphia Insurance Companies is expanding its Compliance team with nationwide consideration for a Compliance Manager - Product Development. The role coordinates new and existing product development across multiple lines to ensure competitive, compliant offerings.

The position requires strong leadership, extensive P&C product knowledge, and collaboration with cross-functional teams to deliver compliant, market-ready products. Hybrid work option and regional flexibility are available.

Qualifications

• Bachelor's degree or equivalent experience in P&C product development.
• Five years’ Commercial and Professional underwriting experience or strong understanding of P&C products and market trends.
• Management experience is required and demonstrated in prior roles.

Responsibilities

• Coordinate end-to-end product development projects across Property, General Liability, Auto, Inland Marine, Crime, Farm, Businessowners and Professional Liability.
• Oversee staff, assign projects and monitor progress throughout development cycles.
• Collaborate with actuarial, IT, statistical, underwriting and claims teams to ensure regulatory compliance and alignment with company standards.
• Develop talent within the product development team and ensure forms/rules follow ISO and bureau filing requirements.
• Prioritize initiatives and manage regulatory matters impacting independent forms and rules.

Skills

Product development experience

Underwriting principles

Management experience

Regulatory compliance awareness

ISO forms knowledge

Education

Bachelor's degree

Job description

Description

Philadelphia Insurance Companies is expanding our Compliance team with Nationwide consideration for a Compliance Manager - Product Development.

Marketing Statement

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best.

Summary

The Compliance Manager - Product Development will be responsible for the coordination and completion of new and existing insurance product development projects for Property, General Liability, Auto, Inland Marine, Crime, Farm, Businessowners and Professional Liability. This role involves overseeing staff, conducting market research, collaborating with cross-functional teams, and ensuring that products are competitive, compliant, and aligned with company goals.

A typical day will include the following

• Works with functional leaders in Actuarial, IT, Stat, Underwriting and Claims throughout the product development cycle.
• Responsible for the end-to-end product development process including the execution and implementation of product enhancements and new products/programs.
• Prioritizes Product Development projects.
• Manages the product development staff by assigning projects and overseeing work efforts.
• Coordinates with other functional areas of the Compliance Department on regulatory matters that impact company independent forms and rules.
• Develops the talent and expertise of the product development specialists.
• Ensures products meet regulatory requirements and adhere to internal company standards.

Qualifications

• Bachelor's degree or an equivalent of 10 years of Product Development experience in the P&C industry.
• Five years’ Commercial and Professional Underwriting Experience, or strong understanding of P&C insurance products, underwriting principles and market trends
• Management experience required.
• Knowledge of ISO forms, rates and rules, including knowledge of bureau filings, adoption activities, and system development.
• Familiarity with and ability to interpret rules and regulations outlined in compliance and commercial lines bulletins.
• National Range: $114,400.00 - $128,000.00
• Ultimate salary offered will be based on factors such as applicant experience and geographic location.
• We offer a hybrid work model that provides flexibility to work remotely while maintaining meaningful in-office collaboration with your team.
• Remote consideration will be given to qualified candidates located outside of the primary geographic region.
• #LI-MH1

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.

Benefits

We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.

Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https://www.phly.com/Careers/default.aspx