Product Development Specialist
About The Position
The Product Development Specialist is responsible for form development of new or revised insurance products and programs, drafting related insurance documents, and researching coverage forms for the Markel US Insurance Division. Develop insurance policy forms for new and revised coverages that clearly convey underwriting intent, demonstrate market competitiveness, and incorporate supportable language for the successful resolution of claims. Identify and confirm compliance with applicable regulations. Prepare applicable documentation to assist department members on accurate and timely submission of product filings and State Department of Insurance requests. Assist, mentor, coach and proactively share knowledge in area of expertise with other PRS associates. Foster and encourage strong relationships with internal stakeholders. Participate in special projects as requested.
Requirements
- Bachelor's degree required
- Ability to conceptualize and create insurance forms and endorsements
- Ability to interpret state laws and regulations as applicable to the insurance policy life cycle
- Proven analytical and problem-solving skills
- Detail-oriented with strong interpersonal ability
- Technically proficient in all standard business software applications including Excel and Word
- US Work Authorization required
Nice To Haves
- 1-3 years of experience in the development of insurance coverage forms preferred
- Project management experience preferred
Responsibilities
- Form development of new or revised insurance products and programs
- Drafting related insurance documents
- Researching coverage forms for the Markel US Insurance Division
- Develop insurance policy forms for new and revised coverages that clearly convey underwriting intent, demonstrate market competitiveness, and incorporate supportable language for the successful resolution of claims
- Identify and confirm compliance with applicable regulations
- Prepare applicable documentation to assist department members on accurate and timely submission of product filings and State Department of Insurance requests
- Assist, mentor, coach and proactively share knowledge in area of expertise with other PRS associates
- Foster and encourage strong relationships with internal stakeholders
- Participate in special projects as requested
Benefits
- Competitive benefit programs
- Multiple health, dental and vision insurance plan options
- Optional life, disability, and AD&D insurance
- 401(k) with employer match contributions
- Employee Stock Purchase Plan
- PTO
- Corporate holidays
- Floating holidays
- Parental leave
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
