Richmond National · 20 hours ago
Product Compliance Specialist
Glen Allen, VA
Full-time
Onsite
Mid Level
3+ years expRichmond National is seeking a collaborative and detail-oriented professional to join their Legal department as a Product Compliance Specialist. In this role, you will lead the design, evolution, and production of commercial insurance products and policy forms, ensuring compliance with regulatory requirements and collaborating with various internal teams.
ConsultingInsuranceProperty Insurance
Responsibilities
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
Qualification
Required
Collaborative and detail-oriented professional with strong writing skills
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
Preferred
Bachelor's degree and/or legal training (such as a paralegal certification) preferred; J.D. is a plus but not required
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
Benefits
Medical, Dental, and Vision insurance plans. FSA/HSA plans available.
Basic Life/AD&D/Short Term/Long Term Disability coverage.
401(k) - Company match of up to 6%
Flexible PTO plan, 11 paid company-wide holidays, plus your birthday off.
Company
Richmond National
Richmond National is an insurance company that specializes in property, casualty, and professional liability solutions.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$210M2025-03-25Series Unknown· $55M
2024-05-20Series A· $55M
2023-04-03Series A· $30M
Leadership Team
Joe Kavanagh
President and CEO
Recent News
2025-06-22
GlobeNewswire News Room
2025-03-26
2024-06-05
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