Product Compliance Specialist

Richmond National; Glen Allen (VA); On-site; USD 85,000 - 105,000; Full time

Job summary

Richmond National is seeking a Product Compliance Specialist to join the Legal department on-site in Glen Allen, VA. You will design, draft, review, and produce policy forms, endorsements, and applications for commercial insurance products, ensuring accuracy and regulatory alignment.

The role requires strong writing and analytical skills, experience with insurance regulatory frameworks across states, and collaboration with underwriting, claims, IT, and operations to implement policy changes.

Qualifications

• Bachelor's degree and/or legal training; J.D. is a plus.
• 3+ years of commercial lines insurance experience or related drafting/regulatory work.
• Excellent analytical, writing, and communication skills.
• Familiarity with state insurance regulatory frameworks.
• Familiarity with ISO Forms.
• Proficient in Microsoft Office; experience with lifecycle tools (Mozart) is a plus.

Responsibilities

• Lead the drafting, review, revision, and production of policy forms, endorsements, and applications for new and existing commercial insurance products.
• Translate underwriting objectives into precise, legally sound policy language.
• Monitor market trends, competitor offerings, and regulatory changes to inform product enhancements.
• Partner with internal legal and compliance to ensure regulatory requirements are met.
• Research state insurance statutes and regulations as they apply to product design.
• Collaborate with IT and operations to implement policy changes into systems and processes.
• Support underwriting and claims with coverage interpretations, training, and documentation.

Skills

Analytical skills

Writing skills

Communication skills

Regulatory knowledge

Education

Bachelor's degree or legal training

J.D. preferred

Tools

Microsoft Office

Mozart (CLM)

Job description

Job Title: Product Compliance Specialist
Department: Legal
Location: On-site in Glen Allen, VA

Position Overview

We are seeking a collaborative and detail-oriented professional with strong writing skills to join our Legal department as a Product Compliance Specialist. In this role, you will lead the design, evolution, and production of our commercial insurance products and policy forms. 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.

Preferred Qualifications, Skills, and Knowledge:

• 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.
• 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.

Compensation

At the time of posting, 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. Actual compensation will be determined by many factors, including but not limited to, location, education, certifications, qualifications, relevant experience, internal equity, business need, and any applicable minimum wage requirements. Richmond National offers a comprehensive benefits package, more details on which can be found below.

Benefits Overview

• Medical, Dental, and Vision insurance plans. FSA/HSA plans available.
• Basic Life/AD&D/Short Term/Long Term Disability coverage.
• 401(k) - Company match of up to 6%
• Flexible PTO plan, 11 paid company-wide holidays, plus your birthday off.
• Recognized as a Top Workplace by Richmond Times-Dispatch

Equal Employment Opportunity (EEO)

Richmond National is an equal employment opportunity employer, the Company's employment decisions and practices are not and will not be unlawfully influenced or affected by race, color, creed, age, religion, national origin, sex, disability, genetic information, veteran status, uniformed services, sexual orientation (including transgender status, gender identity or expression), gender, traits historically associated with race, such as hairstyle, pregnancy, childbirth, or related medical conditions or on any other characteristic protected by applicable federal, state, or local law. This policy of equal employment opportunity applies to all policies and procedures relating to recruitment and hiring, compensation, benefits, and all other terms and conditions of employment.