Summary: Under general supervision and with independent judgment supports the company’s mission of maintaining regulatory compliance by acting as the regulatory liaison for internal stakeholders and external partners, and is responsible for personal lines and commercial lines filings of the company’s rates, rules and forms with state departments of insurance, by performing the following duties:
Essential Duties and Responsibilities:
1. Acts as regulatory liaison for internal stakeholders, including management, and external partners, including: a. Offers expert guidance and technical knowledge using strong analytical skills to influence decisions made due to changes in the regulatory environment b. Identifies and evaluates alternatives to achieve and maintain compliance while meeting business goals and objectives c. Manages market conduct exams and other audit activities d. Manages and implements OFAC requirements e. May handle larger and more complex filings and other projects f. Collaborates with legal counsel as needed g. Builds and maintains solid relationships with stakeholders, management, external partners and state regulators 2. Promotes compliance with federal and state insurance statutes and regulations, including: a. Researches state specific filing requirements relating to insurance product initiatives b. Conducts research and evaluates state and federal regulatory developments to maintain a continuous course of compliance and identify and analyze compliance exposure and trends c. Monitors and reviews industry bulletins, ISO Circulars, NCCI Circulars, Independent Bureau Circulars, AAIS Bulletins, and trade publications. d. Monitors and advises key stakeholders of new updates to Statutory Requirements for cancellations and non-renewals. e. Performs audits to ensure systems are generating the state insurance regulators approved products 3. Manages Regulatory Calls/Surveys, including: a. Prepares and submits routine regulatory calls/surveys on a timely basis b. Maintains a detailed inventory of regulatory calls/surveys. c. Defines appropriate action for new reporting tasks. d. Collaborates with internal and external stakeholders to ensure effective reporting processes. 4. Monitors geographic expansion and diversification, including: a. Maintains Certificate of Authority (COA) documentation. b. Identifies licensing and financial reporting requirements. c. Prepares and submits Uniform Certificate of Authority Application (UCAA) filings and amendments. d. Prepares and submits Articles of Incorporation and By-Laws filings and amendments e. Prepares and submits Biographical Affidavits filings and amendments 5. Participates in product development, including: a. Ensures all new or amended rates, rules and forms comply with jurisdictional requirements b. Maintains a strong understanding of ISO, NCCI, and AAIS coverage forms, rules and rating plans, c. Maintains policy form number assignment records by line of business and assigns new numbers as new forms or products are created d. Assists in making necessary changes to filed products, systems or processes due to industry bulletins, ISO Circulars, NCCI Circulars, Independent Bureau Circulars, AAIS Bulletins, and trade publications. e. Assists in development and presentation of rules, rates and forms 6. Prepares and submits both proprietary and rating organizations filings to state insurance regulators to implement rate, rule and policy form revisions, including: a. Monitors the availability of rates, rules and forms by underwriting company and jurisdiction b. Coordinates activities and ensures timely submission of state or bureau loss costs, rule and form adoptions c. Handles large and complex state filings d. Creates memos and exhibits necessary for the submission of state filings. e. Coordinates and/or participates in meetings to review filing recommendations and status f. Works with stakeholders to develop responses to state regulators objections g. Uses submission portals: System for Electronic Rates & Forms Filing (SERFF) and Florida Insurance Regulation Filing System (IFRS). h. Maintains accurate and timely filing history i. Manages relationship with state regulators 7. Serves as a contributing member of project teams: a. Manages multiple regulatory/statute driven projects, using project management standards b. Coordinates and collaborates work efforts with key stakeholders, including IT, actuary, underwriting, product, and departments of insurance. c. Maintains effective communication throughout project life cycle while developing and presenting information to key stakeholders. d. Creates business requirements 8. Performs other duties as assigned. Bachelor’s degree (B.A.) from four-year college or university and two to four years of related experience and/or training; or equivalent combination of education and experience. **PREFER SOMEONE WITH OFAC OR MARKET CONDUCT EXPERIENCE
A minimum requirement for this position is the ability to work legally in the United States. No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.
