Product Manager - Commercial Property

Oliver James Group; Chicago (IL); On-site; USD 140,000 - 180,000; Full time

Job summary

Oliver James Group in Chicago seeks a senior Product Compliance Manager - Commercial Property to oversee development, maintenance, and regulatory compliance of commercial property insurance products. This role collaborates with underwriting, actuarial, compliance, and other stakeholders to ensure products are compliant, competitive, and commercially effective. It requires extensive policy forms, coverage, rating, and SERFF familiarity.

Qualifications

• 8+ years in commercial insurance, with 3+ years in Commercial Property.
• Proven ability to develop and maintain policy forms and coverage language.
• Strong understanding of underwriting and pricing for commercial properties.
• Experience with regulatory filings and industry changes.

Responsibilities

• Manage and improve Commercial Property products and documentation.
• Draft and maintain policy forms, endorsements, rates, rules, and coverage language.
• Review regulatory changes and determine required product updates.
• Support regulatory filings and respond to regulator questions and objections.
• Partner with underwriting to align products with risk appetite and business objectives.
• Provide technical guidance on coverage and complex property risks.
• Collaborate with actuarial on pricing, rating, and product performance.
• Monitor product performance and identify improvement opportunities.
• Ensure products remain compliant, competitive, and market-ready.
• Develop guidance and training materials for underwriting teams.

Skills

Policy form knowledge

Regulatory compliance

Pricing & rating

Underwriting principles

Stakeholder collaboration

Regulatory filings experience

Communication & decision-making

Independent issue resolution

Education

Bachelor's degree in a related field

CPCU/ARM or equivalent (advantageous)

Tools

SERFF

ISO product knowledge

Job description

Product Compliance Manager - Commercial Property

Job Summary / Introduction

We are recruiting for a Product Compliance Manager - Commercial Property to oversee the development, maintenance, and regulatory compliance of commercial property insurance products. This is a senior role for an experienced commercial insurance professional with strong knowledge of policy forms, coverage, rating, underwriting, and regulatory requirements. The role will work closely with underwriting, actuarial, compliance, and other stakeholders to ensure products are compliant, competitive, and commercially effective.

Skills & Experience

• 8+ years of commercial insurance experience, with 3+ years focused on Commercial Property.
• Strong knowledge of commercial property policy forms, endorsements, coverage, rating, and pricing.
• Experience with product development, policy wording, and regulatory compliance.
• Familiarity with ISO products and regulatory filings, including SERFF.
• Strong understanding of underwriting practices and commercial insurance products.
• Experience working with underwriting, actuarial, compliance, and regulatory teams.
• Strong communication, influencing, and decision-making skills.
• Ability to manage complex product and regulatory issues independently.
• CPCU, ARM, or similar insurance qualification is advantageous.
• Bachelor's degree in Insurance, Risk Management, Finance, Business, or a related field.

Detailed Job Description

• Manage and improve Commercial Property insurance products and supporting documentation.
• Draft and maintain policy forms, endorsements, rates, rules, and coverage language.
• Review regulatory and industry changes and determine required product updates.
• Support regulatory filings and respond to regulatory questions and objections.Partner with underwriting to align products with risk appetite and business objectives.
• Provide technical guidance on coverage and complex property risks.
• Work with actuarial teams on pricing, rating, and product performance.
• Monitor product performance and identify opportunities for improvement.
• Ensure products remain compliant, competitive, and market-ready.
• Develop guidance and training materials for underwriting teams.
• Collaborate across product, underwriting, actuarial, compliance, and regulatory functions.