Product Development Specialist

Summary

Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products. The Product Development Specialist will support Property & Casualty product development by drafting and updating policy forms, endorsements, and rate/rule pages, coordinating state filings, and collaborating with Compliance, Underwriting, Actuarial, Claims, Operations, and IT.

Responsibilities

• Drafting and updating coverage forms, endorsements, and rate/rule pages
• Preparing clear, well-supported explanatory memos for submission to Departments of Insurance (DOIs)
• Researching competitor filings to help inform product market positioning
• Monitoring regulatory and legal changes and translating them into timely updates to forms and rules
• Partnering with Underwriting and Actuarial to clarify project intent and confirm rating approach
• Collaborating with Claims to refine form language and improve clarity
• Supporting State Filings by compiling and organizing filing materials for DOI submissions
• Responding to DOI objections and coordinating updates with Underwriting and Actuarial
• Reviewing system requirements with IT to ensure programming aligns to the approved filing

Skills

• Excellent research, detail, creative problem solving and project management skills
• Strong influencing skills to ensure alignment with Underwriting, Actuarial, Operations, Claims, IT and Compliance
• Strong command of ISO Commercial Lines, ISO Manuals/Circulars, regulatory concepts, along with a strong collaborative, proactive and self-starter nature
• Superior interpersonal, communication, and time management skills and ability to develop and foster relationships with key internal and external stakeholders and contribute in a dynamic, fast-paced environment and effectively deliver on multiple priority matters
• Insurance Designations a plus (CPCU, ASLI, AU, etc.,)
• Bachelor's degree (or higher) from an accredited college/university preferred

Qualifications

Must Haves

• Excellent research, detail, creative problem solving and project management skills
• Strong influencing skills to ensure alignment with Underwriting, Actuarial, Operations, Claims, IT and Compliance
• Strong command of ISO Commercial Lines, ISO Manuals/Circulars, regulatory concepts, along with a strong collaborative, proactive and self-starter nature
• Superior interpersonal, communication, and time management skills and ability to develop and foster relationships with key internal and external stakeholders and contribute in a dynamic, fast-paced environment and effectively deliver on multiple priority matters
• Insurance Designations a plus (CPCU, ASLI, AU, etc.,)

Nice to Haves

• Bachelor's degree (or higher) from an accredited college/university preferred

Benefits

• Tuition reimbursement
• A generous 401K match
• Internal career opportunities
• A hybrid work model that provides flexibility to work remotely while maintaining meaningful in-office collaboration with your team
• Volunteer Benefits
• Paid Vacation
• Medical Benefits
• Educational Incentives
• Family Friendly Benefits
• Investment Incentives