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Insurance Product Development Regulatory Compliance Analyst
| Company | Argo Group |
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| Location | Chicago, IL, USA |
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| Salary | $84500 – $99500 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Junior, Mid Level |
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Requirements
- College degree and/or equivalent work experience
- Insurance educational studies such as IIA and CPCU
- Demonstrable experience in previous product development with a minimum of 2 years commercial property and casualty (Standard, Specialty, and Excess & Surplus Lines) insurance product development experience preferred
- Very strong written and verbal communication skills
- Detail orientation
- Problem-solving skills
- Project management
- Knowledge of regulatory/compliance functions
- Experience with ISO Commercial Lines Manuals
- ISO Circular analysis
- Knowledge of ISO, NCCI, and AAIS web resources
- Knowledge of contracts and legal basis of insurance
- Proficient in the use of Word, Excel, PowerPoint, and Outlook
- Knowledge of underwriting issues concerning Property & Casualty lines
Responsibilities
- Write and revise contractual forms/endorsements and manage/maintain the company’s portfolio of forms for a variety of commercial insurance lines in support of Underwriting Business Unit initiatives
- Collaborate with Underwriting Business Units to create enhancements and revisions to their products
- Maintain the Company’s forms library regarding ‘state of the art’ criteria, and in consideration of market needs, regulatory changes, case law, and in compliance with insurance laws in all 50 states and the District of Columbia (admitted lines of business)
- Analyze ISO Circular information and create revisions to forms when needed
- Collaborate with Underwriting Business Units to write usage rules for forms, and for use in rule manuals
- Evaluate and analyze new insurance products and arrange for implementation/integration into the Company’s forms portfolios and Rate/Quote/Bind processes
- Function as Project Manager for major product revision/implementation actions, including coordination of activities for Underwriting, Regulatory Compliance, Actuarial, Implementation Team, Claims, Marketing, and Operations
- Other duties as assigned
Preferred Qualifications
- Demonstrable experience in previous product development with a minimum of 2 years commercial property and casualty (Standard, Specialty, and Excess & Surplus Lines) insurance product development experience preferred
