Compliance Manager - Product Development

Philadelphia Insurance Companies•Charlotte, NC

2d•Hybrid

About The Position

Philadelphia Insurance Companies is expanding its Compliance team and is seeking a Compliance Manager - Product Development. The role coordinates and completes new and existing insurance product development projects across Property, General Liability, Auto, Inland Marine, Crime, Farm, Businessowners, and Professional Liability. The manager oversees staff, conducts market research, collaborates with cross-functional teams, and ensures products are competitive, compliant, and aligned with company goals. The position works with leaders in Actuarial, IT, Stat, Underwriting, and Claims throughout the product development cycle. It manages the end-to-end process for implementing product enhancements and developing new products and programs, prioritizes projects, assigns and oversees staff work, coordinates with other Compliance functions on regulatory matters affecting company forms and rules, and develops product development specialists.

Requirements

Bachelor's degree or an equivalent of 10 years of Product Development experience in the property and casualty (P&C) industry.
Five years of Commercial and Professional Underwriting experience, or a strong understanding of P&C insurance products, underwriting principles, and market trends.
Management experience.
Knowledge of ISO forms, rates, and rules, including bureau filings, adoption activities, and system development.
Familiarity with and ability to interpret rules and regulations outlined in compliance and commercial lines bulletins.

Responsibilities

Coordinate and complete new and existing insurance product development projects.
Work with functional leaders in Actuarial, IT, Stat, Underwriting, and Claims throughout the product development cycle.
Manage the end-to-end product development process, including implementation of product enhancements and new products or programs.
Prioritize product development projects.
Manage product development staff by assigning projects and overseeing work efforts.
Coordinate with other Compliance Department functions on regulatory matters affecting company independent forms and rules.
Develop the talent and expertise of product development specialists.
Ensure products meet regulatory requirements and adhere to internal company standards.
Conduct market research and collaborate with cross-functional teams to help ensure products are competitive and aligned with company goals.