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Arch Insurance Group Inc. · 1 day ago

Senior Compliance Analyst

Morristown, NJ United States of America

Full-time

Hybrid

Mid, Senior Level

$90K/yr - $134K/yr

7+ years exp

Arch Insurance Group Inc. is a company focused on collaboration and innovation, dedicated to helping clients and communities achieve their potential. The Senior Compliance Analyst will oversee state policy and rate filing activities to ensure compliance with regulations and coordinate with various departments to implement necessary procedural changes.

FinanceFinancial ServicesInsurance

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 bureau and independent insurance products in all states for various lines of business, including but not limited to workers compensation, commercial auto, general liability, property, crime, inland marine, umbrella/follow form excess liability, 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 researching Arch and competitor filings, proposing responses consistent with similar products, drafting endorsements, drafting manual pages and working closely with Product Development and Actuarial

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

Conduct research on various regulatory topics such as filing requirements by line of business, commercial lines exemptions, deregulation, cancellation/nonrenewal, refer to company rating, etc

Qualification

ISO Commercial Lines ManualRegulatory compliance supportInsurance principlesProceduresRateForms filing proceduresState insurance regulationCommercial lines rating methodologiesComputer skillsResearch skills7+ years insurance experienceOrganizational skillsAttention to detailEffective communication

Required

Advanced knowledge of ISO's Commercial Lines Manual along with other ISO, NCCI and other bureau advisory filings and manuals

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

7+ years of experience in the insurance regulatory / state filings field