Product Development Specialist

Selby Jennings; Chicago (IL); On-site; USD 110,000 - 140,000; Full time

Job summary

Selby Jennings is seeking a product professional to assist in developing and maintaining commercial insurance products and policy language. The role works with Underwriting, Actuarial, Claims, Legal, and Compliance to support initiatives and ensure accurate filing records.

Ideal candidates have knowledge of commercial insurance forms, state filing processes, and ISO/bureau requirements. Strong analytical and communication skills are essential for coordinating across departments and projects.

Qualifications

• Commercial Property & Casualty insurance experience.
• Experience with product development, product management, or regulatory compliance functions.
• Strong knowledge of commercial insurance forms and policy language.
• Experience managing or supporting state filings.
• Familiarity with ISO circulars, bureau filings, and industry regulatory requirements.
• Knowledge of NCCI rules and workers' compensation products is preferred.
• Strong analytical, organizational, and project management skills.
• Excellent written and verbal communication abilities.
• Ability to work effectively across multiple departments and stakeholders.

Responsibilities

• Assist in the development, revision, and maintenance of commercial insurance products and coverage forms.
• Draft and revise policy language, endorsements, rules, and underwriting guidelines.
• Manage state filing activity and coordinate product submissions with regulatory authorities.
• Monitor regulatory developments and evaluate their impact on existing products.
• Review and analyze ISO circulars, bureau changes, and industry trends.
• Partner with Underwriting, Actuarial, Claims, Legal, and Compliance teams to support product initiatives.
• Conduct competitive market analysis and research emerging exposures and coverage solutions.
• Support product rollouts, implementation efforts, and communication of product changes.
• Maintain product documentation and ensure accuracy of filing records and supporting materials.
• Participate in projects focused on product enhancement, process improvement, and operational efficiency.

Skills

Analytical thinking

Organizational skills

Project management

Written & verbal communication

Cross-functional collaboration

Job description

• Assist in the development, revision, and maintenance of commercial insurance products and coverage forms.
• Draft and revise policy language, endorsements, rules, and underwriting guidelines.
• Manage state filing activity and coordinate product submissions with regulatory authorities.
• Monitor regulatory developments and evaluate their impact on existing products.
• Review and analyze ISO circulars, bureau changes, and industry trends.
• Partner with Underwriting, Actuarial, Claims, Legal, and Compliance teams to support product initiatives.
• Conduct competitive market analysis and research emerging exposures and coverage solutions.
• Support product rollouts, implementation efforts, and communication of product changes.
• Maintain product documentation and ensure accuracy of filing records and supporting materials.
• Participate in projects focused on product enhancement, process improvement, and operational efficiency.

Key Responsibilities

• Assist in the development, revision, and maintenance of commercial insurance products and coverage forms.
• Draft and revise policy language, endorsements, rules, and underwriting guidelines.
• Manage state filing activity and coordinate product submissions with regulatory authorities.
• Monitor regulatory developments and evaluate their impact on existing products.
• Review and analyze ISO circulars, bureau changes, and industry trends.
• Partner with Underwriting, Actuarial, Claims, Legal, and Compliance teams to support product initiatives.
• Conduct competitive market analysis and research emerging exposures and coverage solutions.
• Support product rollouts, implementation efforts, and communication of product changes.
• Maintain product documentation and ensure accuracy of filing records and supporting materials.
• Participate in projects focused on product enhancement, process improvement, and operational efficiency.

Desired Background

• Commercial Property & Casualty insurance experience.
• Experience with product development, product management, or regulatory compliance functions.
• Strong knowledge of commercial insurance forms and policy language.
• Experience managing or supporting state filings.
• Familiarity with ISO circulars, bureau filings, and industry regulatory requirements.
• Knowledge of NCCI rules and workers' compensation products is preferred.
• Strong analytical, organizational, and project management skills.
• Excellent written and verbal communication abilities.
• Ability to work effectively across multiple departments and stakeholders.

Why Consider This Opportunity?

• Opportunity to play a direct role in shaping insurance products and coverage offerings.
• Broad exposure to Product, Underwriting, Actuarial, Claims, Compliance, and Executive Leadership teams.
• Visibility into strategic product initiatives and market expansion efforts.
• Collaborative environment with strong resources and support for professional development.
• Stable, growth-oriented insurance organization with an established market presence and strong industry reputation.