AVP, Compliance

Arch Insurance Group Inc.; Alpharetta (GA); On-site; USD 140,000 - 200,000; Full time

Benefits offered by this job

Medical plans

Dental & vision

401k matching

PTO 20 days

Paid holidays

Parental leave

Life & AD&D

Short/Long-term disability

Student loan support

Tuition reimbursement

Backup care

Job summary

Arch Insurance Group Inc. seeks an Assistant Vice President, Compliance in Alpharetta, GA to lead regulatory and compliance support for the Warranty & Lenders Solutions unit.

You will oversee filings, coordinate with underwriting, actuarial, legal and product teams, and shape strategies to ensure filings are accurate and timely. The role requires 10+ years in insurance compliance, excellent written and oral communication, strong organizational skills, and the ability to work across a large

Qualifications

• 10+ years of experience in insurance compliance
• Strong written and oral communication
• Ability to communicate to diverse audiences
• Cooperation with multiple departments

Responsibilities

• Oversee and file forms, rates and rules with state regulators using Filing Ramp & SERFF.
• Develop filing strategies to efficiently implement products.
• Collaborate with underwriting, actuarial, legal and product teams to ensure filings are current.
• Coordinate responses to state objections and manage extensions/resubmissions.
• Document all filing activities with state departments.
• Research new laws affecting consumer products and update policies.
• Develop compliance tools to review lender product forms.
• Oversee staff in internal audits and licensure renewals.
• Assist staff with complaints handling and market conduct reviews.

Skills

Effective communication

Interpersonal skills

Organizational skills

Attention to detail

Cross-functional collaboration

Travel readiness

Education

Bachelor’s Degree preferred

Job description

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 Description

The Assistant Vice President, Compliance will report directly to Vice President, Compliance. Responsible for providing regulatory and compliance support for the Warranty & Lenders Solutions business unit. Responsible for preparation and submission of form and rate filings for our consumer products for our insurance and obligor companies and certain additional statutory filings as needed. They will lead the compliance team with researching, analyzing, and evaluating state and federal regulations to determine the impact on Arch’s products, policies, procedures, standards, and administration.

Responsibilities

• Oversee and file with state insurance regulators forms, rates and rules utilizing the Filing Ramp & SERFF software applications.
• Develop filing strategies and product tools to further the most efficient product implementation.
• Work closely with other departments (underwriting, actuarial, legal, 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.
• Coordinate and document all activities surrounding the filing, approval, disapproval of all filings with state insurance departments.
• Research, analyze, evaluate, and publish regarding new laws and regulations affecting consumer products and business units’ policies, and procedures.
• Develop compliance tools to review consumer forms specific to the Lender’s products.
• Oversee compliance staff in handling internal compliance audits and obligor license renewals.
• Assist Compliance staff in complaint handling process.
• Assist Compliance staff with any market conduct reviews, inquiries

Requirements

• 10+ years of experience in insurance compliance, regulatory / state filings.
• Ability to effectively communicate ideas, issues and solutions to diverse audience in writing and orally.
• Excellent inter-personal relationship skills and the ability to work effectively across a large, multi-dimensional organization.
• 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.
• Working knowledge of insurance principles procedures and best practices, state insurance regulation and filing requirements are a plus.
• Ability to interpret relevant industry trends and information within the industry and react in alignment with company strategic objectives.
• Availability for some travel between the home office and the business unit’s office.
• Understanding of P&C insurance licensing requirements and service contract obligor licensing set up and maintenance requirements.
• Background or knowledge of motor vehicle, service contracts and finance & lenders insurance products
• Background & knowledge in forced place insurance and debt protection products such as vehicle GAP and excess wear and tear.

Education

• Bachelor’s Degree preferred.

Benefits

• Multiple medical plans plus dental, vision and prescription drug coverage
• A competitive 401k with generous matching
• PTO beginning at 20 days per year
• Up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer
• Basic Life and AD&D Insurance as well as Short and Long-Term Disability
• Paid Parental Leave of up to 10 weeks
• Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care
• and more

14400 Arch Insurance Group Inc.