Product Development & Compliance Specialist III at Western National Group & Umialik Insurance

Edina, Minnesota, United States -

Full Time

Start Date

Immediate

Expiry Date

17 Apr, 26

Salary

114200.0

Posted On

17 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Regulatory Compliance, Product Development, Communication Skills, Attention to Detail, Project Management, Problem Solving, Technical Consulting, Stakeholder Engagement, Legislative Monitoring, Policy Development, Rate Changes, Training, Auditing, Innovation, Customer Experience, Risk Identification

Industry

Insurance

Description

Description Who are we? Western National Insurance Group is a private mutual insurance company with over 120 years of experience serving customers' property-and-casualty insurance needs in the Midwestern, Northwestern, and Southwestern United States. Known as “The Relationship Company®,” we define success as a measure of the relationships we’ve built over time. In everything that we do, we know that delivering a friendly and helpful interaction makes for a better experience for everyone involved. That’s the power of “nice”. At Western National, nice is something we work to bring to every person and organization with whom we partner and serve. Does this opportunity interest you? Western National is seeking a Product Development & Compliance Specialist III to join our team! The individual in this role will be responsible for ensuring compliance with regulatory requirements related to the filing and approval of insurance products. What are the responsibilities and opportunities of this role? Core Responsibilities Monitor legislative and regulatory resources and analyze the impact of changes on Western National insurance products. Identify new regulatory requirements that may necessitate policy, rate, rule, or form changes; implement updates to ensure statutory compliance. Develop and maintain policy forms and rules to support new or revised coverage requirements. Partner with actuarial teams to support rate changes for assigned lines of business and communicate updates to internal and external stakeholders. Provide guidance on system usage, billing processes, and contract renewals related to assigned products. Serve as a technical consultant and subject matter expert; train and coach Product Development Analysts. Participate in testing and auditing activities for assigned lines of business, both pre- and post-implementation. Decision-Making & Authority Make decisions on routine issues in accordance with established guidelines and standard practices. Exercise judgment and interpretation when addressing non-routine situations. Recommend solutions for moderately complex issues and escalate as appropriate. Proactively identify risks, issues, and improvement opportunities and propose effective solutions. Problem-Solving & Innovation Identify and address problems or situations that are new or lack clear precedent. Apply a structured, multi-step approach to analyze issues and develop solutions. Lead or contribute to process improvements and innovative initiatives to enhance performance. Discover, evaluate, and support new product ideas, enhancements, or strategic extensions of existing products. Customer & Stakeholder Interaction Consistently uphold customer experience standards by responding promptly, maintaining a positive and professional demeanor, building rapport, demonstrating empathy, managing expectations, and taking ownership of issues through resolution. Maintain regular collaboration with internal stakeholders, including Underwriting and other business partners. Engage with external customers and partners as needed. What are the must-have qualifications for a candidate? Ability to interpret and translate legal and regulatory language into clear, compliant policy language. Demonstrated experience reviewing, filing, and maintaining personal and commercial lines product forms at the state level. Strong written and verbal communication skills, with the ability to effectively engage internal and external stakeholders. Requirements What will our ideal candidate have? Core Competencies Exceptional attention to detail and commitment to accuracy. Ability to manage multiple priorities, meet deadlines, and adapt to changing requirements. Proven ability to work independently while organizing and executing assigned responsibilities. Demonstrated experience planning, leading, and executing projects. Education & Credentials Bachelor’s degree or equivalent related experience required. CPCU or other relevant insurance designation preferred. Technical Skills Proficient in the use of core systems, standard office equipment, and business software applications. Experience with the System for Electronic Rate and Form Filing (SERFF) and insurance bureau websites preferred. Compensation overview The full hiring range for this role is $83,100 – $114.200, annually. However, the base pay offered may vary depending on the job-related knowledge, skills, credentials, and experience of each candidate, as well as other factors such as the scope and location of the role. Candidates looking for compensation outside of the posted range are encouraged to apply and will be considered based on their individual qualifications and / or may be considered for other positions. Western National Insurance Group reserves the right to fill this position at a level above or below the level included in this posting. Culture and Total Rewards Western National has long been known as “The Relationship Company®”, and caring for our employees is part of that relationship commitment. We value connectiveness, empowerment, and accountability, and we believe that our employees are our biggest asset. Currently ranked as the 41st largest private company by revenue in Minnesota (Minneapolis/St. Paul Business Journal), Western National has earned accolades year-over-year as an employer of choice and garnered multiple awards for wellness in the workplace. Western National has also been named a Top Workplace by the Star Tribune for consecutive years. In addition, the Group is consistently recognized as a Ward’s 50 property-and-casualty insurance company for its outstanding financial results. Western National offers full-time employees a significant Total Rewards Package, including: Medical insurance plan options and other standard employee benefits, including dental insurance, vision benefits, life insurance, disability insurance, and more! Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) 401(k) Plan (participants are eligible for 100% matching on the first 6% of their contributions) Wellbeing Program, including onsite fitness studio Paid Time Off – including holiday, vacation, and volunteer 100% company-paid tuition reimbursement for approved job-relevant coursework and access to The Institutes (Risk and insurance education) Paid parental leave Bonus opportunities Western National believes in supporting balance between work and life by providing a flexible work environment, which includes a variety of hybrid and remote work arrangements designed to balance individual, job, department, and company needs. Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time. Western National provides 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.

Responsibilities

The Product Development & Compliance Specialist III will monitor legislative changes and ensure compliance with regulatory requirements for insurance products. They will also develop policy forms and rules, support rate changes, and serve as a technical consultant.