Sr. Product Development Specialist

Markel • Richmond, VA

1d

About The Position

The Senior Product Development Specialist is responsible for form development of new or revised insurance products and programs, drafting insurance documents and researching coverage forms for Markel's US Insurance Division.

Requirements

• Bachelor’s Degree preferred
• Minimum 5 years of experience in the commercial property and casualty insurance industry, preferably with experience in product development
• Knowledge of commercial insurance products including manuals and coverage forms
• Ability to conceptualize and design insurance forms and endorsements
• Ability to interpret state laws and regulations as applicable to the insurance policy life cycle
• Excellent communication skills
• Solid analytical and problem-solving skills
• Detail-oriented with strong organizational ability
• Project management experience preferred
• Technically competent in all standard business software applications including Excel and Word
• US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Responsibilities

• Develop forms for new and revised coverages and products for product leadership that convey underwriting intent, demonstrate market competitiveness, and incorporate clear and supportable language for the successful resolution of claims
• Identify and confirm compliance with applicable regulations
• Research competitors’ forms and perform coverage comparisons as requested by the product line leader
• Analyze, interpret and communicate impact of bureau form changes, and determine impact on existing coverage forms
• Facilitate and conduct form project meetings by product, program, or line of business
• Prepare proprietary forms and filing notices to assist the Regulatory Compliance Specialists with accurate and timely submission of product filings
• Assist the Regulatory Compliance Specialists in their preparation of timely responses to form related questions posed by the State Departments of Insurance that arise throughout the filing process
• Provide concise information to Regulatory Business Analyst to support accurate form implementations with all applicable policy administration functional areas to facilitate the integrity of the company’s rules and forms contained within the company’s policy systems.
• Prepare communications regarding form management to product and business leadership
• Lead in special projects and underwriting support, including but not limited to, creating and maintaining underwriting rules describing the use of each insurance form and endorsement as well as performing training seminars as needed
• Assist, mentor, coach and proactively share knowledge in area of expertise with other associates to build the base of organizational knowledge within Product & Regulatory Services and Markel
• Participate in educational opportunities to enhance job related skills and knowledge

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior