Product Development Specialist

• Lead the development of new commercial lines insurance products and enhance existing products.
• Translate underwriting strategies into policy forms and coverages, endorsements, applications and related materials.
• Monitor market trends, competitor offerings, and legal/regulatory/judicial changes to inform product enhancements.

• Draft and review policy forms and endorsements to ensure legal soundness and clarity.
• Coordinate within internal legal and compliance department to validate state-specific regulatory adherence.

• Partner with actuarial to align form language and risk appetite.
• Support underwriting and claims with coverage interpretations, training, and documentation.
• Collaborate with IT and operations teams to implement policy changes into systems and processes.

• Lead internal initiatives for product standardization, innovation pilots, or compliance audits.

• 3+ years of commercial lines insurance experience.
• At least 3+ years in a product development, claims, underwriting, coverage, or related role.
• Expertise in policy or contract drafting, coverage analysis, and/or insurance law interpretation or contract law interpretation.
• Exceptional drafting, communication, and analytical skills.
• Familiarity of insurance regulatory frameworks across states.
• Familiarity with ISO Forms.
• Proficiency in Microsoft Office.
• Experience with product lifecycle management tools (i.e. Mozart) is a plus.

• Bachelor's degree with a concentration in Business, Insurance, or a related field is required.
• J.D. optional.

Benefits Overview

• Medical, Dental, and Vision insurance plans. FSA/HSA plans available.
• Basic Life/AD&D/Short Term/Long Term Disability coverage.
• 401(k) - Company match of up to 6%
• Flexible PTO plan, 11 paid company-wide holidays, plus your birthday off.
• Recognized as a Top Workplace by Richmond Times-Dispatch

Equal Employment Opportunity (EEO)

Richmond National is an equal employment opportunity employer, the Company’s employment decisions and practices are not and will not be unlawfully influenced or affected by race, color, creed, age, religion, national origin, sex, disability, genetic information, veteran status, uniformed services, sexual orientation (including transgender status, gender identity or expression), gender, traits historically associated with race, such as hairstyle, pregnancy, childbirth, or related medical conditions or on any other characteristic protected by applicable federal, state, or local law. This policy of equal employment opportunity applies to all policies and procedures relating to recruitment and hiring, compensation, benefits, and all other terms and conditions of employment.

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