Job Description

Job Location: West Des Moines, IA 50266Say Yes to the Best Career Opportunities
Merchants Bonding Company™ is hiring professionals who value clarity, collaboration, and opportunities to make an impact. Our team is growing, and we’re looking for people who thrive in a fast-moving environment built on common sense underwriting and first-class experiences. If you're ready for the next step in your career with a team that says yes to the best, this is your opportunity.
Job Purpose:
The Product Compliance Specialist independently manages standard insurance product filings and compliance activities while supporting more complex initiatives led by senior staff. This role applies regulatory knowledge and sound judgment within established filing strategies to ensure accurate, compliant submissions. The Specialist exercises discretion in responding to routine regulatory matters while escalating novel, precedent-setting, or high-risk issues to senior compliance leadership.

Job Responsibilities:
Regulatory Compliance – 25%
• Independently prepare, submit, and manage standard regulatory filings.
• Maintain approval records, reference libraries, and auditable compliance documentation.
• Monitor regulatory changes and assess impact to existing products and filing strategies.
• Respond to regulatory and internal inquiries with increasing independence.
Product Development & Filings - 40%
• Support development and revision of insurance products to ensure regulatory compliance.
• Manage countrywide filings for rates, rules, and policy forms under established strategies.
• Assist in developing state-specific filing strategies and managing related timelines.
• Prepare and review filing exhibits, including premium and loss data.
• Coordinate with underwriting, IT, actuarial, and operations to resolve filing issues.
Compliance Support & Risk Awareness - 20%
• Identify regulatory and operational risks and recommend mitigation strategies.
• Participate in compliance reporting, internal audits, and process improvement initiatives.
Cross-Functional Collaboration - 15%
• Serve as compliance contact for product-related implementation efforts.
• Collaborate with internal stakeholders to support filing readiness and system configuration.

QualificationsRequired:
• Associate or bachelor’s degree in business, legal studies, or related field; or equivalent experience
• Minimum four years of insurance compliance or product filing experience
• Working knowledge of SERFF and insurance product filing processes
Preferred:
• Experience with state-specific rate and form filing requirements
Benefits at Merchants
At Merchants, we value balancing the needs of our associates and their families. We offer a wide range of benefits designed to help achieve a healthy work-life balance and support personal and professional growth. In addition to competitive pay, bonus programs, and generous paid-time off, here are a few stand-out benefits:
- Flexible and remote opportunities with 37.5 hour work week
- Free health insurance option
- Paid volunteer time off with matching gift program
- Infants in the Workplace Program with family resources
- Discover more at: https://www.merchantsbonding.com/careers#Benefits
About Merchants
For nearly a century, Merchants Bonding Company has focused almost exclusively on surety, delivering common sense underwriting and first-class experiences to agents, accounts, and associates across the country. Merchants stands apart from multi-line carriers by offering deep surety expertise, a flexible approach, and strong financials that instill confidence and foster lasting partnerships.
Our people-first culture is built on collaboration, inclusion, and shared success. We’re committed to helping associates grow through real opportunities for advancement, while supporting a sense of belonging.
If you're looking to join a company that values your unique perspective, encourages new ideas, and invests in your development, apply today!