Product Specialist (Commercial Lines)

Job Description

Product Specialist (ISO Commercial Lines)

Job Summary

Seeking a highly skilled and detail-oriented Product Specialist (ISO Commercial Lines) to join a Regulatory Compliance Services team. The successful candidate will play a pivotal role in drafting policy wordings ensuring regulatory compliance and managing state filings. If you have a strong background in commercial insurance product development and regulatory compliance.

Compensation Package

• Competitive compensation package available
• Comprehensive health dental and vision insurance.
• 401(k) Plan
• Professional development opportunities.

Responsibilities

As a Product Specialist your key responsibilities will include:

• Drafting policy wordings endorsements and applications for commercial insurance products including Commercial Auto General Liability Workers Compensation Excess Workers Compensation and NCCI Products.
• Collaborating with business units to create or revise rating plans and usage rules.
• Providing product development support for multiple products simultaneously.
• Conducting research on competitor insurance products and creating product comparisons as needed.
• Preparing and submitting SERFF form rate and rule filings to State Departments of Insurance for multiple insurance products and drafting responses to state objections.
• Reviewing and analyzing ISO and NCCI circular bulletins to implement product changes in a timely manner.
• Analyzing and summarizing insurance laws rules and regulations to ensure compliance with state and federal requirements.
• Participating in the implementation of policy forms and rates.
• Fostering a culture of continuous improvement collaboration and innovation across departments.
• Handling additional tasks or projects as assigned.

Qualifications/Requirements

To be successful in this role you should meet the following qualifications:

• Bachelors degree in Business Administration Insurance or a related field.
• At least 3 years of experience drafting language for commercial insurance forms.
• Proven experience in preparing and submitting form rate and rule filings to State Departments of Insurance.
• A minimum of 3 years of experience reviewing analyzing and summarizing insurance laws and regulations.
• Familiarity with insurance-related applications such as PK1Cloud (formerly ) ISO and NCCI is a plus.
• Strong analytical organizational and communication skills.
• Ability to manage multiple projects and deadlines effectively.

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