Job ID: 1007930
Date Posted: Oct 24, 2022
Department ID: MI1301 Compliance - General
Company: Maguire Insurance Agency Inc
Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best.
We are looking for a Product Development Specialist I to join our team.
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.
Bachelor’s or higher degree from a four-year college, University or Graduate School, preferred.
P&C Commercial Underwriting experience preferred.
Experience developing forms and rate rule pages.
Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, sexual orientation and/or any other status protected by law.
We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities. If you enjoy working in a fast paced work environment with growth potential please apply online.
Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https://www.phly.com/Careers/default.aspx