Compliance Manager - Product Development

Philadelphia Insurance Companies•Timonium, MD

1d•$114,400 - $128,000•Hybrid

About The Position

Philadelphia Insurance Companies, a member of the Tokio Marine Group, is expanding its Compliance team and is hiring a Compliance Manager - Product Development, with nationwide consideration. 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, and collaborates with cross-functional teams to ensure products are competitive, compliant, and aligned with company goals. The manager oversees the end-to-end product development process, including implementation of product enhancements and new products or programs. The position prioritizes projects, assigns work and oversees product development staff, coordinates with other Compliance functions on regulatory matters affecting company independent forms and rules, and develops the expertise of product development specialists. The role works closely with Actuarial, IT, Stat, Underwriting, and Claims and ensures products meet regulatory requirements and internal company standards. The position offers a hybrid work model, with remote consideration for qualified candidates outside the primary geographic region. The stated national salary range is $114,400 to $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 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 across 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 internal company standards.