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Product Development Engineering Jobs in Colorado

Hach

R&D Verification Engineer II

Loveland, CO · On-site

$139K/yr

This role sits within the Product Development Engineering team, where engineering decisions directly influence usability, reliability, and the overall customer experience. Working as part of a ...

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Product Development Engineering information

What engineers make $200,000 a year?

Senior product development engineers with extensive experience, advanced skills in design, coding, and project management, and often in specialized industries such as aerospace, software, or semiconductor manufacturing, can earn $200,000 or more annually. Achieving this salary typically requires a combination of a relevant bachelor's or master's degree, certifications, and a track record of successful project delivery in high-demand fields.

What is the difference between Product Development Engineering vs Mechanical Engineering?

AspectProduct Development EngineeringMechanical Engineering
CredentialsBachelor's in Engineering, often with specialization in product design or developmentBachelor's or higher in Mechanical Engineering
Work EnvironmentDesign labs, R&D departments, cross-functional teamsManufacturing plants, design offices, research labs
Industry UsageProduct companies, tech firms, consumer electronicsAutomotive, aerospace, manufacturing
Common Search/ComparisonFocuses on product design, prototyping, and development processesFocuses on mechanical systems, thermodynamics, and materials

Product Development Engineering and Mechanical Engineering share foundational engineering principles, but differ in focus. Product Development Engineers concentrate on designing and bringing new products to market, often working closely with marketing and manufacturing teams. Mechanical Engineers may work on designing mechanical systems or components, often within manufacturing or industrial settings. Both roles require strong technical skills, but their daily tasks and industry applications vary.

What is Product Development Engineering?

Product Development Engineering is a field focused on designing, developing, and bringing new products to market. It involves a combination of engineering principles, creativity, and project management to turn ideas into viable products. Product Development Engineers work closely with cross-functional teams, including design, manufacturing, and marketing, to ensure that products meet customer needs and quality standards. Their work often includes prototyping, testing, and refining products throughout the development cycle.

What are the key skills and qualifications needed to thrive as a Product Development Engineer, and why are they important?

To thrive as a Product Development Engineer, you need a strong background in engineering principles, product design, and project management, typically supported by a degree in mechanical, electrical, or related engineering fields. Proficiency with CAD software, prototyping tools, and familiarity with industry standards or certifications such as Six Sigma are highly valuable. Creativity, problem-solving, and effective communication help you collaborate across teams and drive innovation. These skills and qualifications are crucial for developing high-quality products that meet market needs, technical specifications, and project timelines.

How does a Product Development Engineer typically collaborate with cross-functional teams during the product lifecycle?

Product Development Engineers frequently work alongside teams such as design, manufacturing, marketing, and quality assurance to bring new products from concept to launch. Collaboration often involves participating in regular meetings, sharing technical insights, and ensuring that design specifications align with manufacturability and market requirements. Effective communication and problem-solving skills are vital, as the role requires balancing diverse inputs and troubleshooting issues that arise in each development phase. This collaborative environment ensures that products meet both technical standards and customer expectations.

What does a product development engineer do?

A product development engineer designs, develops, and tests new products or improvements to existing products, often working with cross-functional teams to ensure functionality, manufacturability, and quality. They use engineering principles, CAD software, and prototyping tools to bring concepts from idea to production, typically requiring technical skills and knowledge of manufacturing processes.

What engineers make $300,000 a year?

Senior product development engineers with extensive experience, advanced skills in design, coding, and project management, and often in specialized industries such as aerospace or software, can earn $300,000 or more annually. High compensation typically involves leadership roles, stock options, or working in high-demand sectors with complex products.

What engineers make $500,000?

Senior product development engineers with extensive experience, specialized skills in areas like hardware or software, and leadership roles can earn $500,000 or more annually. High compensation often includes bonuses, stock options, or profit sharing, especially in technology or aerospace industries.
What are popular job titles related to Product Development Engineering jobs in Colorado? For Product Development Engineering jobs in Colorado, the most frequently searched job titles are:
What job categories do people searching Product Development Engineering jobs in Colorado look for? The top searched job categories for Product Development Engineering jobs in Colorado are:
Product Development Engineering jobs near you
Product Development Specialist

Product Development Specialist

Philadelphia Insurance Companies

Westminster, CO • On-site, Remote

$76K - $85K/yr

Full-time

Medical, Retirement, PTO

Posted 26 days ago

Philadelphia Insurance Companies rating

8.5

Company rating: 8.5 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

85th of 277 rated insurance

Job description

Marketing Statement:

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best.

Philadelphia Insurance Companies is expanding our Product Development team.

This Product Development Specialist role will support our Property & Casualty products by drafting new and amending existing policy wordings and liaising with the Compliance team during the filing process. This role reports to the Product Development Supervisor.
The Product Development Specialist will work closely with the Product Development team, and other stakeholders in Compliance, Underwriting, Claims, Actuarial, Operations and IT. This role will foster continuing development of knowledge of product lines and other functions.

Role Focus: Product Development Specialist (Compliance)

You'll develop new products and strengthen existing offerings by drafting and updating coverage forms, endorsements, and rate/rule pages - making sure our products are clear, competitive, and compliant.

You'll partner closely with Underwriting, Actuarial, Claims, and IT to move product initiatives from concept to filing to product implementation.

You'll stay ahead of regulatory and legal changes, helping ensure our products continue to meet (and anticipate) evolving regulatory requirements.

A typical day may include:

  • Drafting and updating coverage forms, endorsements, and rate/rule pages
  • Preparing clear, well-supported explanatory memos for submission to Departments of Insurance (DOIs)
  • Researching competitor filings to help inform product market positioning
  • Monitoring regulatory and legal changes and translating them into timely updates to forms and rules
  • Partnering with Underwriting and Actuarial to clarify project intent and confirm rating approach
  • Collaborating with Claims to refine form language and improve clarity
  • Supporting State Filings by compiling and organizing filing materials for DOI submissions
  • Responding to DOI objections and coordinating updates with Underwriting and Actuarial
  • Reviewing system requirements with IT to ensure programming aligns to the approved filing

Qualifications:

  • Excellent research, detail, creative problem solving and project management skills
  • Strong influencing skills to ensure alignment with Underwriting, Actuarial, Operations, Claims, IT and Compliance
  • Strong command of ISO Commercial Lines, ISO Manuals/Circulars, regulatory concepts, along with a strong collaborative, proactive and self-starter nature
  • Superior interpersonal, communication, and time management skills and ability to develop and foster relationships with key internal and external stakeholders and contribute in a dynamic, fast-paced environment and effectively deliver on multiple priority matters
  • Insurance Designations a plus (CPCU, ASLI, AU, etc.,)
  • Bachelor's degree (or higher) from an accredited college/university preferred
  • Compensation: National range $76,700.00 - $85,700.00
  • Ultimate salary offered will be based on factors such as applicant experience and geographic location.

EEO Statement:

Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc.and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, sexual orientation and/or any other status protected by law.

Benefits:

We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities. If you enjoy working in a fast paced work environment with growth potential please apply online.
Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https://www.phly.com/Careers/default.aspx

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