Compliance Manager - Product Development

Philadelphia Insurance Companies•Chicago, IL

13h•Hybrid

About The Position

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets, and underwrites commercial property/casualty and professional liability insurance products. The company is expanding its Compliance team and is considering candidates nationwide for a Compliance Manager focused on 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. It oversees staff, conducts market research, collaborates with cross-functional teams, and ensures products are competitive, compliant, and aligned with company goals. The position manages the end-to-end development and implementation process for new products and enhancements, prioritizes projects, coordinates regulatory matters, and develops the expertise of product development specialists. The position offers a hybrid work model, with remote consideration for qualified candidates outside the primary geographic region. The national salary range is $114,400–$128,000; the final offer depends on factors including experience and geographic location.

Requirements

Bachelor's degree or an equivalent of 10 years of Product Development experience in the Property and Casualty 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 for Property, General Liability, Auto, Inland Marine, Crime, Farm, Businessowners, and Professional Liability.
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 execution and 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 functional areas of the Compliance Department 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.