The Product Specialist (Financial Lines) will play a key role in developing commercial insurance products and negotiating their approval with the State Departments of Insurance. This role is crucial in ensuring that commercial insurance policies, coverage parts, state amendatories, endorsements and applications are designed with the right underwriting intent and in a compliant manner. 

MUST HAVE EXPERIENCE:  

• 3+ years of experience in drafting language for commercial insurance forms REQUIRED  
• 3+ years of experience in reviewing, analyzing and summarizing insurance laws and regulations.

Key Responsibilities:

• Draft policy wordings, endorsements and applications for one or more of the following commercial insurance products: Lawyers Liability, Miscellaneous E&O, Employment Practices Liability Errors & Omissions Liability, Directors & Officers E&O, ISO Commercial Crime, Independent Mono Line Crime, Fiduciary, Excess Liability. 
• Work with Business Units to create or revise rating plans and usage rules .
• Conduct market research and competitive analysis to support product strategy and positioning.
• Prepare and submit SERFF form, rate, rule filings to the State Departments of Insurance for multiple insurance products and draft responses to state objections .
• Analyze and summarize insurance laws, rules and regulations to ensure commercial insurance products comply with all applicable state and federal requirements.
• Assist with implementation activities related to policy forms, rates, and system updates.
• Contribute to process improvement initiatives and support a collaborative, team-oriented environment.

Qualifications:

• Bachelor’s degree in Business, Insurance, Risk Management, or a related field.
• 3+ years of experience in drafting language for commercial insurance forms REQUIRED
• 3+ years of experience in reviewing, analyzing and summarizing insurance laws and regulations.
• Experience in preparing and submitting form, rate, rule filings to the State Departments of Insurance.
• Prior experience working with insurance related applications such as PK1Cloud (formerly statefilings.com) and ISO is a plus  .

 Compensation & Benefits:

• Base salary: $100K–$130K with some flexibility for the right candidate
• Medical/Dental/Vision – effective 1^st day of the following month
• 22 PTO days 
• 11 paid holidays
• 401 (k) w/6% match

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