Product Development & Compliance Leader

Private Client Select; United States; Hybrid; USD 116,000 - 156,000; Full time

Job summary

A leading insurance firm, Private Client Select, is seeking a Product Development & Compliance Lead to oversee regulatory strategies and product development across all states. This mid-senior level role requires extensive experience in insurance and strong project management skills to ensure compliant product implementations and regulatory obligations.

Qualifications

• 10+ years of experience in product development or compliance.
• Deep knowledge of U.S. insurance regulatory environment.
• Strong project management skills with cross-functional deliverables.

Responsibilities

• Lead coordination of product development and compliance across 50 states.
• Manage regulatory obligations and oversee product changes.
• Communicate product and rate changes effectively to stakeholders.

Skills

Project Management

Communication

Regulatory Knowledge

Insurance Knowledge

Detail-oriented

Job description

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Private Client Select Insurance Services (PCSIS), is an independent managing general underwriter (MGU) majority owned by Stone Point Capital. Private Client Select Insurance Services protects the lifestyles and legacies of the most successful individuals across the U.S by providing robust risk management solutions and comprehensive coverage to preserve high-value assets. We understand their passions and are committed to preserving the lifestyle they built.

PCS employs approximately 420 staff members. The company has offices in New York, NY; Schaumburg, IL; and St. Petersburg, FL. PCS has a geographically diverse workforce and supports hybrid and remote business-based flexibility.

Job Summary:

This role will lead the coordination and execution of product development, compliance, and regulatory strategy for the Private Client Select (PCS) across all 50 states. This role is essential for ensuring compliant, timely, and well-communicated product and rate implementations. The Product Development & Compliance Lead will be responsible for managing regulatory obligations, overseeing end-to-end form and rate changes, and facilitating the continued modernization of PCS’s product suite through major rewrite and manuscript endorsement initiatives.

Key Responsibilities

Project Management & Communication

• Serve as the central coordinator for more than 80 annual rate and form changes, managing timelines and ensuring alignment across actuarial, product, IT, marketing, underwriting, and third-party capacity partners.
• Own internal and external communications related to product and rate changes, including broker notifications and regulatory disclosures.
• Drive implementation efforts post-approval through system integrations and change management protocols.

Compliance Oversight

• Track regulatory developments across all 50 states using resources such as APCIA, ISO circulars, AIG regulatory updates, and internal bulletins.
• Interpret regulatory updates (statutes, circulars, enacted legislation) and assess impact on forms, rates, and rules.
• Maintain and monitor a compliance tracker with weekly and monthly regulatory reviews; flag actionable items and ensure implementation through stakeholder engagement.
• Coordinate responses to data calls and recurring regulatory reports (e.g., CT Mods, FL Premium Tax Credit).
• Own documentation and communication of regulatory changes to Claims, IT, Underwriting, and Legal as applicable.

Product Development

• Lead state-by-state product rewrite efforts for core lines (homeowners and excess liability), revising base forms and amendatory endorsements to meet legal and business standards.
• Collaborate with Legal to finalize language while leveraging AI tools (e.g., ChatGPT) to improve drafting efficiency and clarity.
• Develop and maintain a standardized template library across all lines of business, including manuscript endorsements and collection forms.
• Respond to underwriter requests for new or revised manuscript endorsements via the Product Help Desk.
• Draft and revise language for legal clarity and business intent, route for legal approval, and communicate final drafts to requestors.
• Maintain version control and standardization across endorsement libraries and update quarterly as needed.

System & Implementation Oversight

• Serve as product lead during system transitions and enhancements.
• Ensure successful implementation of rate and form changes across internal platforms and validate configurations in production environments.

What You Bring:

• 10+ years of experience in product development, compliance, or insurance regulatory affairs in Personal Lines insurance.
• Deep knowledge of U.S. insurance regulatory environment and demonstrated ability to interpret and act upon state-level requirements.
• Strong project management skills with experience managing complex, cross-functional deliverables.
• Excellent communication and documentation skills with the ability to translate technical and legal language into clear business communications.
• Proficiency working with legal, actuarial, underwriting, and IT teams to coordinate filings and implementations.
• Familiarity with rate, rule, and form filing processes, including SERFF, and experience responding to DOI objections.
• Experience with manuscript endorsement development, product form drafting, and policyholder disclosure materials.
• Working knowledge of insurance rating systems and policy administration platforms.
• Highly organized and detail-oriented, with the ability to manage competing deadlines across multiple jurisdictions.

Equal Employment Opportunity Policy:

PCS values and is fully committed to diversity and inclusion. It is the policy of PCS not to discriminate against any applicant for employment, or any employee because of age, color, sex, disability, nation of origin, race, religion, sexual orientation, gender identity, or veteran status.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Product Management and Marketing

• Industries

  Insurance

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