What are the responsibilities and job description for the AVP, Compliance position at Arch Insurance Group Inc.?
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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. The position requires the 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
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.
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. The position requires the 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
- 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.
- Bachelor’s Degree preferred.
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.