Product Development & Compliance Specialist III - Insurance
About The Position
Western National Insurance Group is seeking a Product Development & Compliance Specialist III to join their team. This role is responsible for ensuring compliance with regulatory requirements related to the filing and approval of insurance products. The individual will monitor legislative and regulatory resources, analyze the impact of changes on insurance products, and implement updates to ensure statutory compliance. They will also develop and maintain policy forms and rules, partner with actuarial teams, and provide guidance on system usage, billing processes, and contract renewals. Additionally, the specialist will serve as a technical consultant and subject matter expert, train and coach Product Development Analysts, and participate in testing and auditing activities. The role involves making decisions on routine issues, exercising judgment on non-routine situations, recommending solutions, and proactively identifying risks and improvement opportunities. The specialist will also lead or contribute to process improvements, innovative initiatives, and evaluate new product ideas. A key aspect of the role is upholding customer experience standards and collaborating with internal and external stakeholders.
Requirements
- 3 years of Property and Casualty insurance required.
- Ability to interpret and translate legal and regulatory language into clear, compliant policy language.
- Demonstrated experience reviewing, filing, and maintaining personal and commercial lines product forms at the state level.
- Strong written and verbal communication skills, with the ability to effectively engage internal and external stakeholders.
- Exceptional attention to detail and commitment to accuracy.
- Ability to manage multiple priorities, meet deadlines, and adapt to changing requirements.
- Proven ability to work independently while organizing and executing assigned responsibilities.
- Demonstrated experience planning, leading, and executing projects.
- Bachelor’s degree or equivalent related experience required.
- Proficient in the use of core systems, standard office equipment, and business software applications.
- Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
Nice To Haves
- CPCU or other relevant insurance designation preferred.
- Experience with the System for Electronic Rate and Form Filing (SERFF) and insurance bureau websites preferred.
Responsibilities
- Monitor legislative and regulatory resources and analyze the impact of changes on Western National insurance products.
- Identify new regulatory requirements that may necessitate policy, rate, rule, or form changes; implement updates to ensure statutory compliance.
- Develop and maintain policy forms and rules to support new or revised coverage requirements.
- Partner with actuarial teams to support rate changes for assigned lines of business and communicate updates to internal and external stakeholders.
- Provide guidance on system usage, billing processes, and contract renewals related to assigned products.
- Serve as a technical consultant and subject matter expert; train and coach Product Development Analysts.
- Participate in testing and auditing activities for assigned lines of business, both pre- and post-implementation.
- Make decisions on routine issues in accordance with established guidelines and standard practices.
- Exercise judgment and interpretation when addressing non-routine situations.
- Recommend solutions for moderately complex issues and escalate as appropriate.
- Proactively identify risks, issues, and improvement opportunities and propose effective solutions.
- Identify and address problems or situations that are new or lack clear precedent.
- Apply a structured, multi-step approach to analyze issues and develop solutions.
- Lead or contribute to process improvements and innovative initiatives to enhance performance.
- Discover, evaluate, and support new product ideas, enhancements, or strategic extensions of existing products.
- Consistently uphold customer experience standards by responding promptly, maintaining a positive and professional demeanor, building rapport, demonstrating empathy, managing expectations, and taking ownership of issues through resolution.
- Maintain regular collaboration with internal stakeholders, including Underwriting and other business partners.
- Engage with external customers and partners as needed.
Benefits
- Medical insurance plan options
- dental insurance
- vision benefits
- life insurance
- disability insurance
- Health Savings Accounts (HSA)
- Flexible Spending Accounts (FSA)
- 401(k) Plan (participants are eligible for 100% matching on the first 6% of their contributions)
- Wellbeing Program, including onsite fitness studio
- Paid Time Off – including holiday, vacation, and volunteer
- 100% company-paid tuition reimbursement for approved job-relevant coursework
- access to The Institutes (Risk and insurance education)
- Paid parental leave
- Bonus opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
