AVP, Compliance

Posted:
10/3/2024, 6:33:36 AM

Location(s):
New Jersey, United States ⋅ New York, New York, United States ⋅ Morristown, New Jersey, United States ⋅ New York, United States ⋅ Jersey City, New Jersey, United States ⋅ Hartford, Connecticut, United States ⋅ Connecticut, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Legal & Compliance

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Job Summary

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).

#LI-Hybrid

#LI-AM3

For individuals assigned or hired to work in California, Colorado, Hawaii, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.

$115,000 - $170,000/year

  • Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs.  The above range may be modified in the future

  • Click here to learn more on available benefits

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14400 Arch Insurance Group Inc.