Senior Compliance Analyst

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 Summary

The Senior Compliance Analyst will coordinate, perform and/or oversee state policy and rate filing activities and ensure company’s compliance with state regulations. Responsible for monitoring state policy form and rate regulations, and communicating with business partners to recommend and implement procedural changes across the organization to ensure business operations comply with changing requirements. React to Department of Insurance directives concerning change to rules and regulations to determine impact on Arch products.   Oversee Global Services team on related functions.

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 independent insurance products in all states for professional and financial lines products   including but not limited to professional liability, management liability, directors and officers, cyber 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 drafting endorsements and working closely with Product Development.
• 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.

Required Knowledge, Skills and Abilities

• Advanced knowledge of professional liability and management liability lines.
• 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.
• 5+ years of experience in the insurance regulatory / state filings field.

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For individuals assigned or hired to work in California, Colorado, Hawaii, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.

$90,000 - $140,000/year

• Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs.  The above range may be modified in the future

• Click here to learn more on available benefits

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.