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MS
Markel Service Inc.
Sr. Product Development Specialist
Career Insights for Product Development Manager
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Based on Virginia data
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What they do
A Product Development Manager is responsible for developing new products by identifying potential markets or requirements, perhaps by conducting market research. Determines the product requirements, specifications, production timetables and pricing. introduction. May also develop marketing strategies.
$149,347 / year median in Virginia
+3% projected growth
Job Description
Sr. Product Development Specialist Markel Service Inc. - 3.5 Glen Allen, VA Job Details Full-time $78,000 - $107,250 a year 23 hours ago Benefits AD&D insurance Employee stock purchase plan Health insurance Dental insurance Paid time off Parental leave Vision insurance 401(k) matching Qualifications Casualty insurance experience Commercial insurance knowledge Research Full Job Description What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and problem-solvers. We're always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special! The Senior Product Development Specialist is responsible for form development of new or revised insurance products and programs, drafting insurance documents and researching coverage forms for Markel's US Insurance Division What you'll be doing: Develop forms for new and revised coverages and products for product leadership that convey underwriting intent, demonstrate market competitiveness, and incorporate clear and supportable language for the successful resolution of claims Identify and confirm compliance with applicable regulations Research competitors' forms and perform coverage comparisons as requested by the product line leader Analyze, interpret and communicate impact of bureau form changes, and determine impact on existing coverage forms Facilitate and conduct form project meetings by product, program, or line of business Prepare proprietary forms and filing notices to assist the Regulatory Compliance Specialists with accurate and timely submission of product filings Assist the Regulatory Compliance Specialists in their preparation of timely responses to form related questions posed by the State Departments of Insurance that arise throughout the filing process Provide concise information to Regulatory Business Analyst to support accurate form implementations with all applicable policy administration functional areas to facilitate the integrity of the company's rules and forms contained within the company's policy systems. Prepare communications regarding form management to product and business leadership Lead in special projects and underwriting support, including but not limited to, creating and maintaining underwriting rules describing the use of each insurance form and endorsement as well as performing training seminars as needed Assist, mentor, coach and proactively share knowledge in area of expertise with other associates to build the base of organizational knowledge within Product & Regulatory Services and Markel Participate in educational opportunities to enhance job related skills and knowledge What we're looking for: Bachelor's Degree preferred Minimum 5 years of experience in the commercial property and casualty insurance industry, preferably with experience in product development Knowledge of commercial insurance products including manuals and coverage forms Ability to conceptualize and design insurance forms and endorsements Ability to interpret state laws and regulations as applicable to the insurance policy life cycle Excellent communication skills Solid analytical and problem-solving skills Detail-oriented with strong organizational ability Project management experience preferred Technically competent in all standard business software applications including Excel and Word #