Compliance Manager, P&C Insurance
10 hours ago
Compliance Manager, Commercial Lines
Position Overview:
The Compliance Manager, Commercial Lines will take charge of the development and management of new commercial insurance products. This role involves both strategic and technical responsibilities, ensuring that products are built to meet market needs, comply with state regulations, and align with business goals. The Senior Product Analyst will work closely with internal teams to design, implement, and refine product offerings throughout their lifecycle-from inception to rollout.
Key Responsibilities:
- Lead Product Development: Oversee creation of new commercial insurance products, including rate setting, coverage, and state compliance.
- Collaborate Cross-Functionally: Work with Sales, Actuarial, Underwriting, and Claims to align products with business goals and market needs.
- Manage Regulatory Submissions: Coordinate product filings to ensure compliance with state regulations and respond to inquiries.
- Ensure Implementation: Provide product requirements to tech teams for integration into systems, ensuring accuracy pre- and post-launch.
- Monitor Performance: Track key performance indicators and collaborate with teams to ensure data accuracy for program evaluation.
- Optimize Products: Use data insights to assess product effectiveness and recommend improvements.
- Mentorship: Share industry insights and best practices with junior staff.
Required Skills & Experience:
- Education: Bachelor's in Business, Finance, or related field.
- Experience: 5+ years in commercial insurance product management.
- Industry Knowledge: Strong understanding of P&C insurance, particularly in commercial lines.
- Regulatory Expertise: Experience with filing processes, including ISO forms and systems like SERFF/IRFS.
- Data Analysis: Proficient in using data to drive product strategy.
- Cross-Functional Leadership: Skilled at collaborating with teams across departments.
- Software Proficiency: Advanced in Microsoft Office and relevant tools.
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