AVP, Compliance

Philadelphia Insurance Companies; Beachwood (OH); Hybrid; USD 168,000 - 190,000; Full time

Benefits offered by this job

Tuition reimbursement

401K match

Job summary

Philadelphia Insurance Companies, part of the Tokio Marine Group, seeks an AVP, Compliance to lead regulatory programs and company-wide compliance initiatives. The role requires 15+ years in a similar commercial insurance carrier position with proven management experience.

The role supports a hybrid work model with remote consideration for qualified candidates outside the primary region, and oversees state filings, training, and policy development to ensure regulatory alignment.

Qualifications

• Bachelor's degree required.
• 15+ years of experience in a similar role for a commercial insurance carrier.
• Management experience required.

Responsibilities

• Directs activities to ensure company compliance with applicable policies and regulations.
• Monitors rates, rules, forms and programs across states/lines to meet regulatory and company goals.
• Oversees auto liability reporting system, state filings, and producer licensing.
• Reviews training programs to ensure compliant use of programs, coverages and rates.
• Reviews and revises policies and procedures for operations in compliance with laws.
• Establishes internal controls for job functions and administrative activities.
• Improves systems and processes to support data quality, efficiency and compliance.
• Liaises with Legal on regulatory processes and compliance issues.
• Leads remediation projects and long-term planning for operational excellence.

Skills

Leadership

Regulatory knowledge

Education

Bachelor's degree

Job description

Marketing Statement

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best.

Description

Job Description

Marketing Statement

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best.

Philadelphia Insurance Companies is expanding our Compliance team with Nationwide consideration for an AVP, Compliance.

Summary

Directs activities to ensure that the company is in compliance with all applicable statutory and regulatory policies. Evaluates compliance of existing programs and procedures plus develops new initiatives to achieve desired business objectives and goals. Ensures compliance operations are functioning efficiently and effectively to avoid compliance risk to the company.

A typical day will include the following

• Effectively communicates with management on all issues both within and outside the department; provides leadership, guidance and assistance to Field Underwriting, Claims and Customer Service staff as needed.
• Monitors the development, maintenance and submission of rates, rules, forms and programs in all states/lines and underwriting guidelines and bulletins to ensure they meet regulatory compliance and company goals and objectives and that company rating systems effectively apply company filings.
• Oversees the management of all activities related to the operations and development of the company's auto liability reporting system and automobile state filings, policy notices, company data reporting, underwriting audits, producer licensing, and other units as assigned. Ensures established guidelines and procedures are in compliance with all applicable insurance laws and regulations.
• Reviews training programs to assist field underwriting in the compliant use of programs, coverages and rates; coordinates training on compliance issues identified in market conduct reviews, Department of Insurance complaints and underwriting audits. .
• Reviews and revises policies and procedures for the operations of the business units and its related activities. Ensures established guidelines and procedures are in compliance with all applicable insurance laws and regulations.
• Complies with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities.
• Improves current operational systems, process and policies to support enhanced decision making, more accurate data quality, increased efficiency and compliance. Creates and adapts new systems, processes and policies as needed. Monitors productivity and identifies and develops a methodology to document processes, policies and workflows.
• Serves as a liaison to Legal in addressing Department of Insurance compliance and regulatory operational processes.
• Leads remediation projects and large scale efforts based on a change in law or policy. Plays a significant role in long-term planning including initiatives geared towards operational excellence.

Qualifications

• Bachelor's Degree
• At least 15 years’ experience working in a similar role for a commercial insurance carrier
• Management experience required
• National Range $167,500.00 - $190,000.00
• Ultimate salary offered will be based on factors such as applicant experience and geographic location.
• Ultimate salary offered will be based on factors such as applicant experience and geographic location.
• We offer a hybrid work model that provides flexibility to work remotely while maintaining meaningful in-office collaboration with your team.
• Remote consideration will be given to qualified candidates located outside of the primary geographic region.

EEO Statement

Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, sexual orientation and/or any other status protected by law.

Benefits

We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities. If you enjoy working in a fast paced work environment with growth potential please apply online.

Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https://www.phly.com/Careers/default.aspx