What are the responsibilities and job description for the Product Compliance Counsel position at Richmond National?
Job Title: Product Compliance Counsel
Location: On-site in Glen Allen, VA
Department: Legal
Position Overview
We are seeking an attorney to join our Legal Department as Product Compliance Counsel. In this role, you will lead the design, evolution, and production of our commercial insurance products and policy forms. This is an excellent opportunity for an attorney with insurance coverage, regulatory, or contract drafting experience to transition into a dynamic in-house role that combines legal analysis with business strategy.
Responsibilities
Product Design & Legal Drafting
Richmond National is an equal employment opportunity employer, the Company’s employment decisions and practices are not and will not be unlawfully influenced or affected by race, color, creed, age, religion, national origin, sex, disability, genetic information, veteran status, uniformed services, sexual orientation (including transgender status, gender identity or expression), gender, traits historically associated with race, such as hairstyle, pregnancy, childbirth, or related medical conditions or on any other characteristic protected by applicable federal, state, or local law. This policy of equal employment opportunity applies to all policies and procedures relating to recruitment and hiring, compensation, benefits, and all other terms and conditions of employment.
Location: On-site in Glen Allen, VA
Department: Legal
Position Overview
We are seeking an attorney to join our Legal Department as Product Compliance Counsel. In this role, you will lead the design, evolution, and production of our commercial insurance products and policy forms. This is an excellent opportunity for an attorney with insurance coverage, regulatory, or contract drafting experience to transition into a dynamic in-house role that combines legal analysis with business strategy.
Responsibilities
Product Design & Legal Drafting
- 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.
- Evaluate existing products and recommend enhancements based on case law developments, regulatory changes, and market trends.
- Partner with internal legal and compliance teams to ensure all products meet applicable regulatory requirements.
- Research and interpret state and federal 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 legal resource in product-related projects and internal audits.
- J.D. and active bar license required.
- 3 years of experience in insurance coverage, product development, regulatory, or contract drafting roles.
- Strong understanding of commercial lines insurance products and policy form structures.
- Experience with contract language and interpretation from a regulatory and/or litigation perspective a plus
- Proven ability to draft, analyze, and interpret insurance policy or contract language and related legal documents.
- Familiarity with insurance regulatory frameworks across states.
- Familiarity with ISO forms a plus.
- Excellent analytical, writing, and communication skills.
- Strong proficiency with Microsoft Office; experience with contract lifecycle management tools a plus.
- 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.
- Recognized as a Top Workplace by Richmond Times-Dispatch
Richmond National is an equal employment opportunity employer, the Company’s employment decisions and practices are not and will not be unlawfully influenced or affected by race, color, creed, age, religion, national origin, sex, disability, genetic information, veteran status, uniformed services, sexual orientation (including transgender status, gender identity or expression), gender, traits historically associated with race, such as hairstyle, pregnancy, childbirth, or related medical conditions or on any other characteristic protected by applicable federal, state, or local law. This policy of equal employment opportunity applies to all policies and procedures relating to recruitment and hiring, compensation, benefits, and all other terms and conditions of employment.