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Carrot Peelers, Sales, Personality and Your Job Search
In-House
Legal Staff
Insurance
Litigation - Insurance
Min 2 yrs required
Product & Compliance Development Analyst (Property and Casualty) The candidate will be developing and writing policy coverage forms and endorsements for new product development or product changes, ensuring compliance with state regulations while meeting business objectives, and providing competitive differences in the marketplace. Research and analysis of state laws and regulations, advisory opinions and bulletins; and determine impact on product offerings and/or on the company. Providing regulatory guidance and recommendations on new product development, product changes, and coordinate development and implementation with product managers, project managers, underwriting operations, and regulatory compliance analysts, ensuring all business objectives and regulatory requirements are met. Research state requirements for new product offerings and proposed product changes, develop any state-specific forms, rules or notices, and coordinate changes in procedures. Write specifications for Corporate Technology Services regarding changes needed to production systems for new or updated products. Update policyholder notices concerning new product development or product changes to ensure clarity of coverage. Assists with the development of communication to the agency field force explaining changes to forms, rules, and any new product offerings. Analyze, research, and respond to policy language/coverage questions from product leadership, underwriting operations, claims, and legal. Analyze and complete case assignments in the company’s legislative and regulatory database, determine if any action is necessary, and coordinate required actions. Coordinate and/or participate in meetings regarding the design and scope of new product development and product changes. Conduct research and respond to requests related to cancellations and non-renewals.
Qualification and Experience
The candidate must have a Bachelor's degree in a related field, or equivalent work experience. 2 years’ work experience in property and casualty insurance field or related industry experience (Paralegal, Law Clerk, Financial) is required. Basic knowledge of regulations, laws, and requirements of state insurance departments is helpful.
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