Product Manager (Financial Lines)
Chicago, IL - USA
Job Summary
Our client a well-established specialty insurance organization with a strong presence in the property & casualty market is seeking a FULLY REMOTE Product Manager (Financial Lines) to join their Regulatory Compliance team.
The Product Manager (Financial Lines) will support the development enhancement and maintenance of commercial insurance products. This role partners cross-functionally with underwriting compliance legal actuarial and operational teams to help bring products to market efficiently and ensure ongoing compliance with regulatory requirements.
MUST HAVE EXPERIENCE:
- 5 years of experience in drafting language for commercial insurance forms. Experience with drafting policy wordings for one or more of the following commercial insurance products: Lawyers Liability Miscellaneous E&O Employment Practices Liability Errors & Omissions Liability Directors & Officers E&O ISO Commercial Crime Independent Mono Line Crime Fiduciary Excess Liability REQUIRED
- 5 years of experience in reviewing analyzing and summarizing insurance laws and regulations.
Key Responsibilities:
- Draft wording for commercial insurance forms including policies coverage parts endorsements state amendatories and applications.
- Coordinate product development initiatives and manage timelines across multiple departments.
- Partner with internal stakeholders to revise policy forms and rating plans .
- Conduct market and competitor research to identify trends and product comparisons.
- Prepare and submit form rate rule filings to the State Departments of Insurance and draft responses to state objections
- Monitor industry updates regulatory changes and bureau circulars to support product compliance and implementation.
- Analyze insurance laws rules and regulations to ensure commercial insurance products comply with all applicable state and federal requirements
- Assist with the rollout and maintenance of policy forms rates and related systems updates.
Qualifications:
- Bachelors degree in Business Insurance Risk Management or a related field.
- 5 years of experience in drafting language for commercial insurance forms. Experience with drafting policy wordings for one or more of the following commercial insurance products: Lawyers Liability Miscellaneous E&O Employment Practices Liability Errors & Omissions Liability Directors & Officers E&O ISO Commercial Crime Independent Mono Line Crime Fiduciary Excess Liability REQUIRED
- 5 years of experience in reviewing analyzing and summarizing insurance laws and regulations.
- Prior experience in preparing and submitting SERFF form rate rule filings to the State Departments of Insurance.
- Experience reviewing and analyzing ISO and DOIcircular bulletins .
- Prior experience working with insurance related applications such as PK1Cloud (formerly ) and ISO is a plus .
Compensation & Benefits:
- Base salary: $130K$150K with some flexibility for the right candidate
- Medical/Dental/Vision effective 1st day of the following month
- 22 PTO days
- 11 paid holidays
- 401 (k) w/6% match
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Required Experience:
IC
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