Philadelphia Insurance Companies is looking to add a Product Development Specialist to join our Compliance team.

Product Development Specialist – Compliance

Develop new products and revise existing products by developing and/or amending Coverage Forms and endorsements, and rate rule pages.
Collaborate with Underwriting, Actuarial, Claims and Information Technology departments on Product Development projects.
Be aware of regulatory and legal changes that may affect business.

A typical day will include the following:
Develop and/or amend coverage forms and endorsements, and rate rule pages.
Develop explanatory memos to be sent to the DOIs.
Research competitor filings.
Review regulatory and legal changes and update forms and rules as necessary to ensure our products are compliant.
Collaborate with Underwriting and Actuarial to determine intent of project and desired rating.
Work with Claims on form language.
Assist State Filings with preparing filing material to be submitted to the DOIs.
Respond to DOI objections, collaborating with Underwriting and Actuarial as needed.
Review system requirements with IT for programming, ensuring they match the filing.

Qualifications:
Bachelor’s or higher degree from a four-year College, University or Graduate School, preferred.
P&C Commercial Underwriting experience preferred.