NewEdge Capital Group · 2 months ago
Insurance Supervisor
Stamford, CT
Full-time
Onsite
Mid, Senior Level
$120K/yr - $140K/yr
5+ years expNewEdge Capital Group LLC is a firm focused on providing financial services, and they are seeking an Insurance Supervisor to oversee the insurance business conducted through their platform. The role involves ensuring compliance with regulatory standards and providing guidance to insurance producers while promoting a culture of accountability and client-first conduct.
AdviceFinanceWealth Management
Responsibilities
Supervise and review insurance sales, recommendations, and applications to ensure suitability, proper documentation, and adherence to firm and regulatory standards
Oversee PPLI and variable product transactions, including due diligence on carrier and product selection, policy replacements, and private offering documentation
Monitor producer licensing, appointments, continuing education, and state-specific requirements to ensure all representatives maintain active authority to solicit and sell insurance
Review and approve new business submissions and correspondence related to insurance activities
Monitor and address potential conflicts of interest, outside business activities, and dual registration issues related to insurance sales
Identify, escalate, and remediate potential compliance or supervisory exceptions in coordination with the Compliance team
Conduct ongoing monitoring of insurance-related policies, procedures, and practices to ensure they remain current and compliant with evolving regulatory requirements
Maintain and update the Written Supervisory Procedures (WSPs) related to insurance business, including PPLI, variable annuities, and fixed products, with specific attention to investor control, diversification requirements under Section 817(h) of the Internal Revenue Code, Modified Endowment Contract (MEC) rules, and the use of only approved investments within insurance policies
Ensure compliance with FINRA Rule 2330 (Variable Annuities), SEC Regulation Best Interest, and applicable state insurance statutes
Coordinate with the Compliance and Operations teams to identify, escalate, and resolve potential supervisory or sales practice issues
Support advertising and marketing reviews for insurance content to ensure compliance with regulatory disclosure requirements
Serve as subject matter expert and resource for NewEdge advisors on insurance product design, carrier selection, and compliance obligations for ultra high net worth clients
Provide ongoing training to registered representatives and staff regarding insurance supervision, suitability standards, and documentation of best practices
Promote alignment between the firm’s insurance investment advisory and brokerage insurance offerings to ensure consistency with fiduciary and best-interest standards
Liaise with carriers, IMOs, and custodial partners to facilitate product approvals, operational workflows, and supervisory consistency
Prepare periodic supervisory reports summarizing trends, findings, and recommendations for senior management
Assist in examinations, audits, and inquiries by FINRA, the SEC, and state insurance departments
Qualification
Required
Bachelor's degree in Business, Finance, or related field (or equivalent work experience)
Minimum of 5 years of experience in insurance supervision, compliance, or a comparable regulatory oversight role within a broker/dealer or dual-registrant firm
Deep understanding of insurance product structures, including PPLI, variable annuities, and high-net-worth estate and liquidity planning solutions
Strong knowledge of FINRA, SEC, and state insurance regulations governing insurance-related sales practices
Excellent written and verbal communication, analytical, and organizational skills
High attention to detail and ability to manage multiple concurrent supervisory priorities
FINRA Series 7 and Series 24 (General Securities Principal) required
Active state insurance producer licenses for the following lines: Life Insurance and Annuities, Health and Accident, Property & Casualty
Company
NewEdge Capital Group
NewEdge Capital Group is a financial and wealth management company.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
James Jesse
Chief Executive Officer
Recent News
2025-12-09
2025-08-23
2025-08-22
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