Compliance & Product Services Lead (Commercial Auto Line)

Verisk; Jersey City (NJ); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Health Insurance

Retirement Plan

Disability benefits

Paid Time Off program

Job summary

Verisk is seeking a policy and regulatory product specialist in New Jersey to help draft policy language and develop rules for Commercial Auto and related ISO products. You will review laws and regulations, prepare filings, and ensure compliance while supporting customer satisfaction and product quality.

The role emphasizes collaboration with Product Development, Law, Government Relations, and Actuarial teams to bring product updates to market, while aligning with state requirements and

Qualifications

• Bachelor's degree or equivalent insurance experience.
• At least two years P&C insurance experience with product development, claims, underwriting and/or submitting filings with insurance regulators.
• Excellent verbal and written communication skills and attention to detail.
• Strong organization, research and analytic skills.
• Ability to both work independently and collaborate in a team environment.
• Knowledge of ISO Commercial Auto lines procedures is a plus.
• CPCU exam study or completion is a plus.

Responsibilities

• Draft policy language and develop manual rules that guide insurers in issuing and rating policies, and also develop related information, including filings and announcements to customers.
• Review laws, regulations and case law for impact on ISO products and insurer procedures.
• Develop policy language and rules for major program updates that provide valuable insurance enhancements to products used by the entire insurance industry.
• Review state laws and requirements and make revisions to ensure program updates are compliant and relevant in each state.
• Leverage insurance expertise and researching skills to provide timely, thoughtful responses to insurer inquiries over a wide range of insurance topics.
• Develop and present items to panels of insurers on emerging trends and potential revisions.
• Collaborate with all stakeholders including Product Development, Law Department, Government Relations, Actuarial, etc., inviting perspectives, contributions, and partnerships within the team, the unit, the company, and with our customers and business partners.
• Work in conjunction with the Product Development team to research and review new products, consider impact on other products, and collaborate with others in bringing products to market.

Skills

Communication skills

Analytical skills

Team collaboration

Research skills

Education

Bachelor's degree or equivalent insurance experience

Job description

Job Description

As part of our Compliance & Product Services Commercial Auto team, you will help shape the technical development of new and revised insurance programs that respond to today’s evolving business environment. You’ll work across key personal lines of business, including Commercial Auto, Commercial Umbrella and other affiliated lines, while keeping customer satisfaction, product quality, and compliance at the forefront.

Responsibilities

• Draft policy language and develop manual rules that guide insurers in issuing and rating policies, and also develop related information, including filings and announcements to customers.
• Review laws, regulations and case law for impact on ISO products and insurer procedures.
• Develop policy language and rules for major program updates that provide valuable insurance enhancements to products used by the entire insurance industry.
• Review state laws and requirements and make revisions to ensure program updates are compliant and relevant in each state.
• Leverage insurance expertise and researching skills to provide timely, thoughtful responses to insurer inquiries over a wide range of insurance topics.
• Develop and present items to panels of insurers on emerging trends and potential revisions.
• Collaborate with all stakeholders including Product Development, Law Department, Government Relations, Actuarial, etc., inviting perspectives, contributions, and partnerships within the team, the unit, the company, and with our customers and business partners.
• Work in conjunction with the Product Development team to research and review new products, consider impact on other products, and collaborate with others in bringing products to market.

Qualifications

• Bachelor's degree or equivalent insurance experience.
• At least two years P&C insurance experience with product development, claims, underwriting and/or submitting filings with insurance regulators. Experience involving analyzing and development of forms, rules, and/or rating preferred.
• Excellent verbal and written communication skills and attention to detail.
• Strong organization, research and analytic skills.
• Ability to both work independently and collaborate in a team environment.
• Knowledge of ISO Commercial Auto lines procedures is a plus.
• CPCU exam study or completion is a plus.

Benefits

• Health Insurance
• Retirement Plan
• Disability benefits
• Paid Time Off program

Equal Opportunity Statement

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.