Compliance Analyst II

As a Compliance Analyst II for Navy Mutual you will play a critical role in supporting the execution of the strategic priorities of the Compliance Department, specifically those initiatives surrounding Sales, Member Services and Claims.  We are not just looking for anyone… we are looking for the right person to bring their professionalism, knowledge and drive to succeed to Navy Mutual.

What will you be doing?

*Support efforts related to departmental compliance audits and risk assessments, including scheduling, documenting and reporting related to the same.   
*Monitor/track, review and propose revisions to departmental Standard Operating Procedures (SOPs), with emphasis on Sales, Member Services and Claims.  
*Support the Director of Compliance and the General Counsel with compliance-related investigations. 
*Advise the training and development team to ensure the training curriculum reflects industry best practices.   
*Maintain effective relationships with industry organizations, and other external stakeholders to stay abreast of regulatory developments and industry trends. 
*Uphold and promote a culture of ethical conduct within the Association, including integrity, professionalism, and truth in all business dealings. 
*Remain current with life insurance compliance best practices; research and regularly communicate changes in regulatory guidance and bulletins, with an emphasis on the State of Virginia and the National Association of Insurance Commissioners (NAIC), the Association of Insurance Compliance Professionals (AICP), the Association of Commercial Life Insurers (ACLI) and other industry groups.  

Annual Salary: Salary based on experience and location. Full-time Salary Range for Grade in Arlington, VA: $70,728.26 to $106,092.39 per year; Discretionary bonus, subject to Board approval: For 2024, up to 8% of base compensation (capped at $20K)

Director of Product Development & Training

As a Director of Product Development & Training for Navy Mutual you will play a critical role in ensuring the compliance of sales, marketing, and new business activities, protecting the Association’s interests, and maintaining a strong compliance culture within the organization. The Director of Product Development & Training will maintain effective relationships with industry organizations and other external stakeholders to stay abreast of regulatory developments and industry trends. We are not just looking for anyone… we are looking for the right person to bring their professionalism and knowledge to our team.

What will you be doing?

Product Development: The Director of Product Development & Training will partner closely with product development consultants and internal stakeholders, including the Actuary and Sales teams, with the goal of facilitating the successful launch of new products in a manner that is both efficient and compliant with regulations.

Operational Effectiveness: In concert with the Director of Compliance, the Director of Product Development & Training will also develop, implement, and maintain a comprehensive sales, marketing and new business compliance program that aligns with relevant laws, regulations, and internal policies, with particular emphasis on federal consumer protection laws, Virginia laws and regulations and the National Association of Insurance Commissioners (NAIC) model rules.

Training & Development: The Director of Product Development & Training will oversee the Association’s training and development program and will foster an environment that ensures employees possess the necessary knowledge and skills to comply with applicable laws, regulations, and Association policies.

Annual Salary: Salary based on experience and location. Full-time Salary Range for Grade in Arlington, VA: $151,129.37 to $241,806.99 per year; Discretionary bonus, subject to Board approval: For 2024, up to 23% of base compensation (capped at $40K)

Product Manager I – Personal Lines

1. Summary:
This position is responsible for working with the Product Compliance Team to develop and manage products that support corporate growth and profitability initiatives. In this role, you will be responsible for reviewing materials, analyzing data, providing recommendations and supporting implementation of product initiatives.

2. Functions:
a. Stay current with the market to understand key trends impacting markets, customers, products, services, and operational processes.
b. Maintain awareness of regulatory and compliance issues related to products.
c. Based on analysis of trends and market needs, recommend product solutions to support corporate growth initiatives and profitability.
d. Review product changes from rating bureaus, as needed and make recommendations for implementation.
e. Assist in monitoring the success of product initiatives.
f. Assist in the development of materials for filings.
g. Work with the implementation team to support product initiatives.
h. Perform other duties as assigned by the Director of Product Compliance.

3. Qualifications:
a. Bachelor’s degree or relevant experience preferred
b. One to three years of experience in insurance product management.
c. Technical knowledge of coverages, rates, rules, and forms required.
d. Working knowledge of ISO/AAIS circulars and bulletins preferred.
e. Ability to analyze and articulate complex coverage matters and rating processes required.
f. Ability to work both independently and collaboratively in a team environment required.
g. Creative problem-solving abilities required.
h. Strong communication and presentation skills (written and verbal) required.
i. Proficiency in office suite (MS Office Pro: Word, Excel), database management, email, and scheduling; ability to learn company computer systems required.
j. Ability to work flexible hours, travel to all organization offices (including in Pennsylvania, Ohio, and South Dakota).
k. Ability to work in an office environment with moderate noise level, remain in a stationary position and operate a computer a majority of the time required.
l. Ability to move throughout the office to access work materials and to move work materials weighing up to ten pounds daily required.
m. Ability to perform the essential functions of the job with or without reasonable accommodation required.

CORPORATE COMPLIANCE ANALYST – DATA AND OPERATIONS

About TMHCC:
Standing still is not an option in the current world of Insurance. TMHCC are one for the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients. We have doubled our gross written premiums in the past 3 years and our plan is to do so again in the next 3 years. To support this desire, we need to be forward-thinking and innovative in every respect. That means continually improving our customer-focused business, it means providing systems, solutions, and technology to enable seamless growth and business innovation, and it means having the best people capability to apply to these challenges.

Part of our evolution involves growing our team, and bringing in a range of views, perspectives and backgrounds that will allow us to deliver this forward-looking culture, that relies upon open and trusting relationships, and a shared vision for that continual improvement. We aspire to build an environment where new perspectives are encouraged, where resilience, fresh ideas and different opinions are valued.

What we offer:
Competitive salary and employee benefit package.
Strong learning culture.
Growth perspectives.
6% 401K match
20 days of PTO and 2 Floating Days.
Paid parental leave.
An opportunity to love what you do.

About the team:
We are looking for a Corporate Compliance Analyst who will be responsible for effectively extracting/collecting, preparing, and submitting statistical data to the regulatory agencies, within required timeframes and according to the specifications set forth by the regulatory agencies. You will serve as the subject matter expert for all compliance-related insurance policy and claims data requirements. Provide general assistance to the Corporate Compliance department and business unit compliance personnel, and other projects as needed.

Key Responsibilities:
• Ensure statistical reporting compliance.
• Extract and collect statistical data from data warehouse.
• Respond to inquiries from regulatory agencies by meeting all deadlines imposed by the regulatory agencies and Corporate Compliance Department.
• Implement reports and processes to aid in improvement of compliance data quality.
• Help to identify areas for development and implements revisions and automation to internal statistical reporting processes to improve efficiency and quality.
• Partner with other business stakeholders including, but not limited to IT, business units, and corporate accounting.
• Prepare written and verbal communications/presentations on areas of responsibility/expertise for presentation to compliance and other personnel.
• Engage in insurance regulatory research relating to compliance issues presented.
• Support Compliance Operations projects as requested.

Minimum Knowledge, Qualifications and Education Requirements:
Bachelor’s degree in business accounting, business intelligence, data science, finance, or equivalent business experience.
2 years of relevant and progressive professional experience.
Understanding of regulatory frameworks.
Demonstrated experience in quantitative and qualitative data analysis, using tools such as Microsoft Excel, SQL, and business intelligent platforms such as Power BI.
Strong teamwork and interpersonal skills.
Insurance experience preferred.

Annual Salary: $63,000 – $83,000 – Ultimate salary offered will be based on factors such as applicant experience.

Product Development Specialist – Compliance

Philadelphia Insurance Companies is looking to add a Product Development Specialist to join our Compliance team.

Product Development Specialist – Compliance

Develop new products and revise existing products by developing and/or amending Coverage Forms and endorsements, and rate rule pages.
Collaborate with Underwriting, Actuarial, Claims and Information Technology departments on Product Development projects.
Be aware of regulatory and legal changes that may affect business.

A typical day will include the following:
Develop and/or amend coverage forms and endorsements, and rate rule pages.
Develop explanatory memos to be sent to the DOIs.
Research competitor filings.
Review regulatory and legal changes and update forms and rules as necessary to ensure our products are compliant.
Collaborate with Underwriting and Actuarial to determine intent of project and desired rating.
Work with Claims on form language.
Assist State Filings with preparing filing material to be submitted to the DOIs.
Respond to DOI objections, collaborating with Underwriting and Actuarial as needed.
Review system requirements with IT for programming, ensuring they match the filing.

Qualifications:
Bachelor’s or higher degree from a four-year College, University or Graduate School, preferred.
P&C Commercial Underwriting experience preferred.

Annual Salary: • National Range $77,700-$86,300. • Ultimate salary offered will be based on factors such as applicant experience and geographic location.

Manager, Compliance

This opportunity is for a managerial position on our Product Compliance team. This position reports into the Legal/Regulatory department and principally supports AmTrust’s property & casualty products written by its retail and program business units. The core lines of business are Businessowners, Commercial Auto, Commercial Property, and General Liability, all of which are ISO based.

The successful candidate will be expected to maintain a solid understanding of AmTrust’s mission, vision, and values and will steadfastly uphold the standards of the AmTrust organization.

Responsibilities:
1. Preparation and submission of SERFF filings that support product enhancement and expansion initiatives developed by AmTrust’s product and actuarial teams for all 51 jurisdictions, including hands-on responsibility for directly overseeing a line of business and self-filing in SERFF.
2. Manages a small (2-3 member) team of compliance professionals for high performance, determined by meeting agreed-upon deadlines, demonstrated high quality work product, and maintaining staff engagement with AmTrust’s goals and mission.
3. Manages multiple insurance product filing initiatives. Keeping in touch with product leaders for changes in scope, changes in priority, and providing timely status.
4. Monitors the activities of the Insurance Services Office (ISO) for one or more lines of business for 51 jurisdictions. Documents and advises product management of relevant changes that affect AmTrust products.
5. Interfaces with internal stakeholders (e.g., product development, actuarial, IT) and state regulators to resolve objections to proposed insurance products and broadly ensures compliance with state regulations concerning line of business.
6. Maintains historical records supporting all admitted product creations, revisions, and amendments implemented on our P&C carriers, including documentation necessary to demonstrate our companies’ compliance to state examiners.
7. Works with I/T on product implementation and system programming, when/if Compliance guidance is required; provides guidance to Operations, when/if needed, on certain insurance practices.
8. Keeps current with market trends pertaining to the line(s) supported.
9. Communicates to business clients and Product Compliance team members changes to relevant state statutes.
10. Performs other functionally related duties as assigned.

Assistant General Counsel, Head of Group Compliance

We are looking for an Assistant General Counsel, Head of Group Compliance to oversee the Group Compliance Function, and to pro-actively support executive management’s commitment to both legal and regulatory compliance and promotion of a strong culture of compliance across the company. This person will be responsible for corporate compliance such as AML, OFAC, Cybersecurity, and Privacy, as well as insurance regulatory compliance. They will also manage the Regulatory and Compliance and Regulatory Reporting teams within the General Counsel department while providing advice and counsel on a wide range of corporate and insurance regulatory compliance matters for the Group’s regulated insurance entities. This position is in our New York city office.

Major Actions and Support Actions:

Lead the Argo Group Compliance Program, overseeing all compliance function activities for the organization including development and implementation of policies and procedures, training, and monitoring activities. Analyze performance to identify any needs for corrective action. Work closely with Risk and Audit to advance compliance initiatives.

Draft the annual Argo U.S. Compliance Plan and monitor actual performance against the plan on an ongoing basis. Report Compliance activities and developments to senior management and the Board of Directors.

Manage the Regulatory and Compliance and Regulatory Reporting teams, providing support and feedback to team members in their handling of matters such as licensing, surplus lines, commercial deregulation, regulatory data reporting and data calls. Serve as a mentor and strong manager for direct reports.

Provide legal and regulatory advice to Underwriting, Finance, Operations, and Claims colleagues on regulatory and compliance matters.

Keep well informed of changes to statutes, regulations, governmental interpretations, industry trends, and lessons learned within the organization. Analyze, interpret, and determine the resultant impact on Argo Group and advise the appropriate personnel accordingly.

Work with the Sr. Regulatory Counsel and other members of the Legal and Compliance team on matters involving Federal, State, and regulatory authorities or other relevant parties in issues of compliance, including queries, market conduct exams, and investigations.

Develop and implement processes for managing information, such as consumer complaints, a whistle-blowing system, and other mechanisms.

Investigate and respond to potential violations of rules, regulations, policies, procedures, and standards of conduct by evaluating or recommending the initiation of investigative procedures.

Monitor and have oversight of the Argo Group licensing framework, ensuring that Argo’s operations have in place the necessary licenses on an ongoing basis.

Work with Human Resources to execute and maintain the compliance training program for Argo Group

Perform other duties as assigned.

Annual Salary: New York City Pay Range: $180,500—$250,000 USD

Regulatory Compliance Analyst

The Regulatory Compliance Analyst provides counsel, direction, and support to the regulatory compliance team by providing timely and accurate advice on insurance laws and regulations in all jurisdictions where Argo Group operates.

How You Will Make an Impact:

Stay apprised of changes to insurance regulatory laws and other requirements, and communicate such changes to the Compliance Manager and appropriate personnel across Argo Group, along with recommended strategies for compliance, as well as prioritization of such strategies, as appropriate.

Collaborate with the Compliance Manager on the coordination and response to regulatory reports required by state or federal jurisdictions.

Research and respond to inquiries on certain insurance regulatory topics from different functional areas across the organization.

Provide support and assistance in facilitating responses to Consumer Complaints.

Assist the Compliance Manager in screening and clearing OFAC hits and responding to inquiries regarding sanctions compliance.

Respond to inquiries concerning records retention requirements based on the Company’s retention schedule.

Interact professionally and courteously in all communications with regulators in the normal course of business, and determine which interactions or issues require escalation to the Compliance Manager.

Use independent judgment and discretion to carry out responsibilities, including identifying risks, recommended solutions, and strategies, as well as determining when to escalate issues or concerns.

Other duties as assigned.

Annual Salary: New York City Pay Range: $89,800—$105,800 USD

Regulatory Compliance Specialist II

Purpose
The Regulatory Compliance Specialist II will assist in monitoring all property/casualty insurance legislation and regulations impacting AAIS products and operations. You will be integral in drafting and updating insurance policy language across multiple lines of business and assist in maintaining awareness of current events and topics at the state level. You will assist the legal team with establishing and maintaining communications with state regulatory officials to discuss AAIS initiatives. You will join the Government Affairs, Legal, & Compliance Team (GLC) and report to one of AAIS’ Assistant Counsel attorneys.

Job Responsibilities

• Draft, review, and analyze insurance policy language in base policies, endorsements, and other materials for both commercial and personal lines of business.
• Develop suggested revisions to AAIS forms impacted by legislative and regulatory changes to assist AAIS staff in its in response to such changes.
• Monitor, interpret, and track pending legislation, utilizing compliance tools such as LexisNexis State Net, that may impact AAIS products, under attorney guidance.
• Review and provide analysis of state insurance department bulletins and circulars, trade bulletins, and other related material to determine applicability.
• Assist in the development of compliance documentation and reference materials.
• Communicate appropriate compliance-related information internally and externally and assist/coordinate on making sure compliance questions are addressed.
• Engage in regulatory research relating to compliance issues presented.
• Assist in the coordination and development of compliance filings, including review of loss cost, manual revisions, and filing materials for comprehensive compliance changes to AAIS products.
• Assist in the coordination of activities such as conferences, NAIC/DOI meetings, webinars and publication articles/speaking opportunities to further GLC initiatives.
• Demonstrate flexibility and collaboration when assisting the GLC team with various projects.
• Perform other duties as needed to further AAIS initiatives.

Senior Compliance Analyst

We are seeking a detail-oriented Senior Compliance Analyst to join our Legal & Compliance team. In this role, you will be responsible for submitting property & casualty, including accident & health, product filings and various other compliance activities.

Job Duties

• Research, prepare and submit product filings through SERFF and other systems
• Track and report on status of filings across states and jurisdictions
• Coordinate responses to regulatory objections and inquiries
• Communicate directly with regulators
• Ensure compliance with all rate and form filing requirements
• Communicate with underwriters, drafting counsel and actuaries on filing strategy and status updates
• Conduct competitive research and review ISO forms and circulars
• Maintain organized records and documentation of all filings
• Assist with other compliance projects and tasks as needed

Qualifications

• 4+ years relevant experience in insurance compliance
• Bachelor’s Degree preferred
• Proficiency with Microsoft Office Suite and familiarity with ISOnet and SERFF
• Excellent written and verbal communication skills
• Strong attention to detail and organizational abilities
• Ability to manage multiple projects and deadlines simultaneously
• Knowledge of SERFF filing and state approval processes
• Experience with policy forms and insurance regulations
• Proactive approach with ability to work independently
• Team player with strong collaborative spirit

Annual Salary: $70,000 – $100,000 per year