Senior Product Development Specialist (Renters & Travel Insurance)

The Senior Product Development Specialist for Specialty Insurance is responsible for developing, managing, and ensuring regulatory compliance for our renters and travel insurance products. This role covers multiple disciplines, including market analysis, regulatory and underwriting operations, as well as overseeing technical development and product implementation. We are looking for an experienced insurance professional with deep knowledge of specialty lines-especially renters and travel insurance-and a strong grasp of compliance requirements that govern these products.

We're seeking a creative, detail-focused collaborator who is driven to deliver innovative insurance solutions for today's changing consumer needs. This position offers a chance to make a meaningful contribution to a fast-growing segment of the insurance industry.

This role will require a hybrid work schedule in any of our US AmTrust Offices.

* Manage the full cycle of renters and travel insurance product development, ensuring alignment with market demands, business goals, and customer expectations.

* Draft, update, and maintain Coverage Forms and Endorsements to ensure clarity of terms, reflect underwriting intent, and adhere to state regulations.

* Gather and prioritize requirements from customers and stakeholders, shaping the product vision, roadmap, and strategy in partnership with key teams.

* Work closely with Underwriting, Claims, Legal, and Technology departments to accelerate speed to market.

* Stay informed about regulatory updates and legal changes affecting business lines and policy wording.

* Oversee the rollout of product enhancements and new features, collaborating across departments.

* Address questions from internal and external sources related to the field.

* Conduct market research and analyze competitors to spot gaps, potential innovations, and emerging risks within specialty insurance.

* Ensure renters and travel insurance products comply fully with relevant state, federal, and international laws-including filings, disclosures, policy terms, and claims procedures.

* Support responses to Department of Insurance objections alongside Underwriting.

* Review system requirements with IT for consistency with approved filings.

* Act as the subject matter expert on all specialty insurance products, adapting to regulatory developments and best practices.

* Monitor industry trends, regulatory shifts, and new technologies impacting renters and travel insurance.

* Recommend and implement process improvements to boost product quality, compliance, and efficiency.

* Design and execute strategies for ongoing innovation and differentiation in the specialty insurance market.

* At least 5 years' experience in product development

* Extensive knowledge of specialty insurance, especially renters and travel insurance

* Thorough understanding of insurance product development, filings, and compliance procedures

* Familiarity with bureau forms, rates, and rules

* Ability to interpret and apply insurance regulations to achieve high compliance standards

* Strong knowledge of relevant regulatory environments for renters and travel insurance

* Excellent analytical, organizational, and problem-solving abilities; adept at leveraging data and market insights in product development

* Outstanding communication, presentation, and interpersonal skills, able to work with both technical and non-technical audiences

* High attention to detail and dedication to quality and compliance

* Proven ability to manage multiple priorities independently or as part of a team, and thrive in a dynamic environment

* Experience working for an insurance carrier, MGA, or broker specializing in specialty lines

* Hands-on knowledge of InsurTech solutions, digital distribution platforms, and customer engagement technology

* Proficiency in Microsoft Office Suite

* Bachelor's degree; CPCU or related insurance coursework preferred

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.