Reporting to the Compliance Manager, this position is responsible for ensuring MEM operates in compliance with applicable insurance laws and regulations in the states we do business in. Regulatory Monitoring and Support

Coordinate and submit all state regulatory filings as needed, including, but not limited to, annual rate, rule and form filings, business entity filings with the Secretary of State, NAIC license/expansion filings, biographical affidavits for directors and officers, and corporate governance annual disclosures.
Prepare or facilitate responses to regulator inquiries and objections to filings.
Draft and edit policy forms, endorsements, notices and related correspondence for regulatory filing and approval.
Monitor and communicate status of filings to internal business partners.
Collaborate with internal departments to develop, implement, and maintain regulatory compliance policies and procedures.
Serve on the Compliance Committee. Ensure the Committee regularly updates and maintains compliance with the Compliance Calendar.
Ensure legal and regulatory changes are monitored and any business impacts are understood so system and other operational changes can be implemented to maintain compliance.
Provide compliance research and support to MEM for various regulatory jurisdictions as required.
Respond to or coordinate responses to regulatory inquiries as required, such as complaints and market conduct inquiries. Maintain required logs and documentation.
Maintain relationships with associations or industry groups to stay abreast of regulatory requirements and industry compliance trends.
Serve on the Emerging Risks Team to identify and mitigate new and emerging risks.

Regulatory Audit and Compliance

Conduct risk assessments to evaluate product, compliance, or operational risks, providing assistance to the Compliance manager in developing risk management strategies.
Conduct regular compliance audits and risk assessments, as designated by the portfolio of audit assignments, to identify potential regulatory issues. Resolve issues arising from audits and refer serious or contentious issues to the Compliance Manager.
Working with the Compliance Manager, develop and implement corrective action plans to address any compliance deficiencies.
Work with IT in the development of compliance training and education for MEM employees related to data security.
Coordinate an annual data security breach exercise with the Data Security Incident Response Team and other relevant stakeholders to drive readiness.

QUALIFICATIONS:

Education:

A bachelor’s degree in business administration, finance or a related field is preferred, not required. Advanced degree a plus.

The Senior Compliance Analyst will coordinate, perform and/or oversee state policy and rate filing activities and ensure company’s compliance with state regulations. Responsible for monitoring state policy form and rate regulations, and communicating with business partners to recommend and implement procedural changes across the organization to ensure business operations comply with changing requirements. React to Department of Insurance directives concerning change to rules and regulations to determine impact on Arch products. Oversee Global Services team on related functions.

Responsibilities:

Oversee and file with state insurance regulators forms, rates and rules developed by Product Development and Underwriting utilizing the Filing Ramp software application.
Develop filing strategies to further the most efficient admitted project implementation.
Drive the filing and objection process through the life cycle of the Speed to Market opportunity.
Coordinate, perform and/or oversee state filings activities for independent insurance products in all states for professional and financial lines products including but not limited to professional liability, management liability, directors and officers, cyber and other specialty admitted insurance products written on a property and casualty basis.
Work closely with other departments (underwriting, actuarial, IT, product development) to monitor and communicate filing methods and procedures to ensure rate and form filings in use are accurate and current.
Oversee and coordinate process for responding to state objections. Oversee needs for extensions, resubmissions, withdrawals with considerations of individual states’ restrictions and deadlines.
Respond to state objections by drafting endorsements and working closely with Product Development.
Work with state regulators to ensure product compliance in order to gain approval.
Coordinate and document all activities surrounding the filing, approval, disapproval of all filings with state insurance departments.

Required Knowledge, Skills and Abilities:

Advanced knowledge of professional liability and management liability lines.
Experience providing regulatory compliance support for commercial products.
Advanced working knowledge of insurance principles procedures and best practices, commercial lines rating methodologies, state insurance regulation and filing requirements.
Advanced knowledge rate and forms filing procedures and compliance with laws, regulations, or standards.
Ability to interpret relevant industry trends and information within the industry and react in alignment with company strategic objectives.
Ability to effectively communicate ideas, issues and solutions to diverse audience in writing and orally.
Demonstrates high level of organizational skills and attention to detail.
Intermediate computer skills, and knowledge of and ability to use standard industry programs and websites.
5+ years of experience in the insurance regulatory / state filings field.

The AVP – P&C Compliance will report to the Vice President – P&C Compliance and will coordinate, perform, and oversee state policy and rate filing activities primarily for Arch’s Property/Casualty business. The person in this role will be responsible for ensuring the company’s compliance with state regulations, including the monitoring state policy form and rate requirements and communicating with business partners to recommend and implement procedural changes across the organization. Reacts to Department of Insurance directives concerning change to rules and regulations to determine impact on Arch products, and suggest strategies to address these impacts. The person in this role will have the responsibility to lead the P&C Filing analyst team, including day-to-day coordination of the P&C team activities, as well as training and development of onshore and offshore filing personnel.

Tasks and Responsibilities:

Team Leadership –

Provide day-to-day management of the P&C Filing team.

Lead development of filing strategies for P&C forms and endorsements.

Coordinate and manage training and onboarding of onshore and offshore new hires.

State Filings –

Lead all P&C Filings Analyst’s activities surrounding the state filings activities for bureau and independent insurance products in all states for Property/Casualty products.

When necessary initiate filings with state insurance regulators forms, rates and rules developed by Product Development and underwriting utilizing the SERFF and Filing Ramp applications.

Develop filing strategies to further the most efficient admitted product implementation.

Work closely with Speed-to-Market (STM), Underwriting, Actuarial, IT, and Product Development to monitor and communicate filing methods and procedures to ensure rate and form filings in use are accurate and current.

Coordinate and supervise the process for responding to state objections. Evaluate needs for extensions, resubmissions, withdrawals with consideration of individual state restrictions and deadlines, as well as business unit requirements.

Respond to state objections by drafting response letters in coordination with Product Development, Legal as needed, and the filing actuary.

Manage compliance consultants and vendors who execute filings on the company’s behalf.

Required Knowledge, Skills and Abilities:

At least 8-10 years of relevant working experience

Experience in managing a team of Compliance and Filing professionals, including performance management, budgeting, and structured planning for the unit.

Advanced working knowledge of insurance principles procedures and best practices, commercial lines rating methodologies, state insurance regulation and filing requirements for Property Casualty insurance products.

Advanced knowledge rate and forms filing procedures and compliance with laws, regulations, or standards.

Preferred/Desired Skills

Ability to interpret relevant industry trends and information within the industry and react in alignment with company strategic objectives.

Ability to effectively communicate ideas, issues and solutions to diverse audience.

Demonstrates high level of organizational skills and attention to detail.

Intermediate computer skills, and knowledge of and ability to use standard industry programs and filing applications (i.e. SERFF).

As a small-sized company, we are known for delivering cutting-edge solutions that are transforming the way our partners operate in the banking industry. Thanks to a strong focus on customer success and product innovation, we have built a reputation for excellence in service, reliability, and scalability. Backed by Northwestern Mutual and driven by a clear vision for the future, we offer an exciting opportunity for a strategic financial leader to join our dynamic team and play a critical role in shaping the company’s next phase of growth.

We are seeking an experienced and strategic Chief Financial Officer (CFO) and Treasurer to join our executive team and lead our finance function with two senior members (Accounting Manager and Senior Accountant). The CFO will oversee all financial aspects of the company, drive financial strategy, and support the company’s ambitious growth plans.

As CFO, your role extends beyond traditional financial stewardship, with an expectation you will be on the frontline, deciphering emerging trends and harnessing them to drive strategic growth. Your proactive stance will be felt as you lead confidently and clearly, enhancing customer experiences, streamlining operations, or mitigating risks. Your role ultimately will be grounded in having a profound understanding of our company’s potential to revolutionize every aspect of the business. This is an exciting opportunity to work closely with an innovative leadership team, where your expertise and contributions will have a tangible impact on the company’s success.