Product Development Specialist

The Role

As the Insurance Product Development Specialist at Martin & Company, you will play a key role in leading the strategy, design, and launch of new and enhanced insurance products. This role manages the full product lifecycle - from ideation and market research to regulatory approval and market launch. Coordinate with Sales as needed during the sales cycle to assist with driving profitable growth and ensuring our offerings meet customer needs in a competitive landscape. You will collaborate with insurance carriers and Managing General Agents to develop new and revised forms and manuals.  Work closely with Actuarial and State Filings to coordinate product launch.  

Key Responsibilities

Strategy & Innovation

• Define and assist with the architecture of the product vision. Prepare competitor comparisons and identify market opportunities. Assist with developing project roadmaps, as needed.  

Lifecycle Management 

• Oversee the end-to-end process, including ideation, design, development, and post-launch optimization.  

Regulatory Compliance 

• Ensure all products comply with state and federal regulations while maintaining necessary support and documentation.  

Market & Performance Analysis

• Monitor industry trends and the competitive landscape to guide product development and potential strategy.  

Cross-Functional Influence 

• Partner with Actuarial, State Filings, and Sales teams to ensure alignment and successful execution of client product development initiatives.  

Mentorship 

• Provide subject matter expertise and guidance to project teams, fostering a culture of innovation and high accountability.

Qualifications

Experience: 

• Minimum of 5-7 years of progressive experience in product development and insurance compliance.

Industry Knowledge: 

• Extensive experience in insurance product development within the insurance industry is required.  
• In depth knowledge and experience with the development of proprietary as well as bureau (i.e. ISO and AAIS) based programs and exceptions.  
• Ability to review and interpret bureau circulars.

Technical Skills:

• Deep knowledge of Property & Casualty insurance products and the associated regulatory environments.  
• Proven ability to lead complex, cross-functional initiatives and drive results without direct authority
• Proficiency in Microsoft Office tools (e.g. Excel, Word, and PowerPoint).
• Experience with the following is preferred: SERFF, ISOnet, Wrike software project management tool, APCIA, Wolters Kluwer, and IRMI.

Communication & Collaboration: 

• Excellent written and verbal communication skills with the ability to engage both technical and non-technical audiences.

Organization & Execution: 

• Proven ability to manage multiple priorities and deliver results in a fast-paced environment.

Adaptability & Problem-Solving: 

• Proactive mindset with strong analytical skills and the ability to navigate ambiguity.

Why Join Us?

Growth-Oriented Culture: Work with a leadership team committed to innovation and revenue expansion.

Competitive Earning Potential: Base salary plus bonus potential, profit-sharing, and a comprehensive benefits package that rewards expertise and contributions.

Legacy of Excellence: Be part of a well-respected organization with over 30 years of leadership in the insurance industry.

Dynamic Team Culture: Work alongside talented colleagues who are passionate, driven, and committed to success.

Salary and Benefits

The base salary for this position is $90,000-$110,000. Final salary offer will be based on several factors, including commensurate experience, qualifications, and skills. Our salaries are complemented by an extensive benefits package designed to support your well-being and work-life balance. These benefits include: 

• Health, dental, and vision insurance 
• 401(k) retirement plan options 
• Profit Sharing 
• Generous, flexible paid-time-off (PTO) policy

• Describe the experience and attributes of the ideal candidate