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Product Development Specialist

  • Source: LinkedIn
  • Selby Jennings
  • $110,000 to $125,000 /yr
  • On-site
  • Chicago
  • Full-Time
  • Senior

Job Description

Key Responsibilities

  • Assist in the development, revision, and maintenance of commercial insurance products and coverage forms.
  • Draft and revise policy language, endorsements, rules, and underwriting guidelines.
  • Manage state filing activity and coordinate product submissions with regulatory authorities.
  • Monitor regulatory developments and evaluate their impact on existing products.
  • Review and analyze ISO circulars, bureau changes, and industry trends.
  • Partner with Underwriting, Actuarial, Claims, Legal, and Compliance teams to support product initiatives.
  • Conduct competitive market analysis and research emerging exposures and coverage solutions.
  • Support product rollouts, implementation efforts, and communication of product changes.
  • Maintain product documentation and ensure accuracy of filing records and supporting materials.
  • Participate in projects focused on product enhancement, process improvement, and operational efficiency.

Desired Background

  • Commercial Property & Casualty insurance experience.
  • Experience with product development, product management, or regulatory compliance functions.
  • Strong knowledge of commercial insurance forms and policy language.
  • Experience managing or supporting state filings.
  • Familiarity with ISO circulars, bureau filings, and industry regulatory requirements.
  • Knowledge of NCCI rules and workers’ compensation products is preferred.
  • Strong analytical, organizational, and project management skills.
  • Excellent written and verbal communication abilities.
  • Ability to work effectively across multiple departments and stakeholders.

Why Consider This Opportunity?

  • Opportunity to play a direct role in shaping insurance products and coverage offerings.
  • Broad exposure to Product, Underwriting, Actuarial, Claims, Compliance, and Executive Leadership teams.
  • Visibility into strategic product initiatives and market expansion efforts.
  • Collaborative environment with strong resources and support for professional development.
  • Stable, growth-oriented insurance organization with an established market presence and strong industry reputation.

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