Job Description

Job Description

Title: Product Manager

Reports To: Manager, Regulatory Compliance Services

Department: Regulatory Compliance Services

Location/Schedule: Chicago/Hybrid, 3 days in-office

Classification: Full-Time /Exempt

Who We Are:

Old Republic International Corporation (ORI), which traces its beginning to 1923, is a Fortune 500 company and one of the nation’s 50 largest shareholder-owned insurance organizations. Our subsidiaries actively market, underwrite and provide risk management services for a wide variety of coverages, mostly in the general and title insurance fields.

Our Mission is to provide quality insurance security and related services to businesses, individuals and public institutions, and be a dependable long-term steward of the trust that policyholders, shareholders and other important stakeholders place in us.

Position Overview:

The Product Manager participates in the execution of the product vision and leads cross-functional product development teams to ensure commercial insurance products are developed and delivered successfully in a timely manner. The Product Manager integrates project management oversight during the product development process and manages the entire product lifecycle from conceptual stage to implementation.

Essential Job Functions:

• Draft wording for commercial insurance forms, including policies, coverage parts, endorsements, state amendatories, and applications.
• Develop project plans for use during the product development process to ensure roles and responsibilities are well defined and all functional areas complete their assigned tasks in a timely manner.
• Work with Business Units to revise policy forms and rating plans.
• Research competitor insurance products and create product comparisons as necessary.
• Prepare and submit form, rate, rule filings to the State Departments of Insurance and draft responses to state objections.
• Review and analyze ISO and NCCI circular bulletins to determine and implement product changes in a timely manner.
• Analyze insurance laws, rules and regulations to ensure commercial insurance products comply with all applicable state and federal requirements.
• Participate in the implementation of policy forms and rates.
• Support employee development through training and mentorship.
• Foster a culture of continuous improvement and innovation, encouraging collaboration and teamwork across departments.

Qualifications:

• Bachelor’s degree in Business Administration or Insurance.
• 5 to 7 years prior experience in drafting language for commercial insurance forms. Experience with drafting wording for liability insurance products, including Aviation Liability is a plus.
• Experience reviewing and analyzing ISO and NCCI circular bulletins.
• Prior experience in preparing and submitting form, rate, rule filings to the State Departments of Insurance.
• At least 5 years experience in reviewing, analyzing and summarizing insurance laws and regulations.
• Prior experience working with insurance related applications such as SERFF, statefilings.com, ISO, NCCI, and Reference Connect is a plus.

ORI is an Equal Opportunity Employer. ORI provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Job Tags

Similar Jobs