Job Title: Product Compliance Specialist
Department: Legal
Location: On-site in Glen Allen, VA
Position Overview:
We are seeking a collaborative and detail-oriented professional with strong writing skills to join our Legal department as a Product Compliance Specialist. In this role, you will lead the design, evolution, and production of our commercial insurance products and policy forms. This is an excellent opportunity to join a growing team that will help shape the future of our company.
Responsibilities:
Product Design & Innovation
- Lead the drafting, review, revision, and production of policy forms, endorsements, and applications for new and existing commercial insurance products.
- Translate underwriting objectives and strategies into precise, legally sound policy language.
- Monitor market trends, competitor offerings, and legal/regulatory/judicial changes to inform product enhancements.
- Partner with internal legal and compliance teams to ensure all products meet applicable regulatory requirements.
- Research state insurance statutes and regulations as they apply to product design.
- Partner with internal stakeholders 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.
- Serve as a key resource in product-related projects and internal audits.
- Bachelor’s degree and/or legal training (such as a paralegal certification) preferred; J.D. is a plus.
- 3+ years of commercial lines insurance experience or relevant experience in contract drafting, regulatory work, coverage analysis, or related roles.
- Excellent analytical, writing, and communication skills.
- Familiarity with insurance regulatory frameworks across states.
- Familiarity with ISO Forms a plus.
- Strong proficiency in Microsoft Office; experience with product or contract lifecycle management tools (i.e. Mozart) is a plus.
Compensation:
At the time of posting, the expected base salary range for this role is $85,000-$105,000 annually. Additionally, this position is eligible for participation in our annual bonus program. Actual compensation will be determined by many factors, including but not limited to, location, education, certifications, qualifications, relevant experience, internal equity, business need, and any applicable minimum wage requirements. Richmond National offers a comprehensive benefits package, more details on which can be found below.
Skills Required
- Bachelor's degree and/or legal training (such as a paralegal certification)
- J.D. (preferred)
- 3+ years of commercial lines insurance experience or relevant experience in contract drafting, regulatory work, or coverage analysis
- Excellent analytical, writing, and communication skills
- Familiarity with insurance regulatory frameworks across states
- Familiarity with ISO Forms
- Strong proficiency in Microsoft Office
- Experience with product or contract lifecycle management tools (e.g., Mozart)
What We Do
Richmond National is a specialty property & casualty insurance company focused on providing insurance to small and mid-size businesses that are unable to find coverage in the standard insurance market. We operate exclusively within the excess & surplus lines market, which provides our underwriters flexibility to develop highly tailored policies to best meet the insurance needs and risk management objectives of our customers. We work with a select group of appointed wholesale brokers that are deeply familiar with our insurance products and our underwriting appetite in the areas in which we focus. We believe that our wholesale broker partners value access to carriers that are consistent, stable sources of wholesale-only E&S capacity that can respond quickly to opportunities. Our company was formed by a group of highly experienced industry professionals, many of whom have worked for some of the most successful E&S carriers in the industry. Members of our management team have also been responsible for the formation or capitalization of several successful startup and early stage specialty insurance companies. We have adopted the best practices of the specialty insurance companies we have been involved with over the last 25 years while also incorporating the use of modern, cloud-based technology to help drive efficiency across our business in order to better serve our customers and business partners.
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