Product Development Compliance Lead (Hybrid)

Philadelphia Insurance Companies; Chicago (IL); Hybrid; USD 114,000 - 128,000; Full time

Job summary

Philadelphia Insurance Companies is expanding our Compliance team with nationwide consideration for a Compliance Manager - Product Development. The role focuses on coordinating new and existing product development projects across Property, General Liability, Auto, Inland Marine, Crime, Farm, Businessowners and Professional Liability.

The position involves leading staff, conducting market research, collaborating with cross-functional teams, and ensuring products are competitive, compliant, and

Qualifications

• Bachelor's degree or 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.

Responsibilities

• 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.

Skills

Management experience

P&C insurance knowledge

Regulatory knowledge

ISO forms knowledge

Team collaboration

Education

Bachelor's degree or equivalent in P&C

5 years underwriting experience

Job description

Philadelphia Insurance Companies is expanding our Compliance team with nationwide consideration for a Compliance Manager - Product Development. The role focuses on coordinating new and existing product development projects across Property, General Liability, Auto, Inland Marine, Crime, Farm, Businessowners and Professional Liability.

The position involves leading staff, conducting market research, collaborating with cross-functional teams, and ensuring products are competitive, compliant, and