LR-Regulatory Compliance-Mgr in Chicago, IL at National General Insurance

Primary Purpose:

Manage a team responsible for the oversight, development, and management of personal lines product forms and the tracking of new and existing state statutes and regulations that may impact the personal lines portfolio. Reports to the Regulatory Compliance Senior Manager.

Essential Duties and Responsibilities:

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Maintain expert business knowledge of product development, including new product concepts and company initiatives.

• Collaborate with appropriate legal counsel, product management, claims operations, underwriting, and other departments in the development and rollout of new products as well as the maintenance of existing products.
• Develop and maintain policy contract, endorsements, policyholder notifications and other forms as well as requirements for implementation of forms output.
• Prepare forms filings in accordance with state requirements and respond to DOI objections as well as participate in meetings with the DOI.
• Ensure compliance with new and existing laws and regulations by researching regulations, statutes and bulletins to determine product impact. Track, analyze, and interpret regulatory authority relevant to property and casualty insurance for purposes of determining the effect on personal lines products. Convey findings to business partners and coordinate changes when required.
• Conduct research and analysis on legal issues, competitor products, market needs, and emerging issues to make recommendations for changes to personal lines products.
• Serve as Subject Matter Expert (SME) for product management and other departments.
• Provide both internal and external training on personal lines product content.

Minimum Skills and Competencies:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• 8+ years of Property and Casualty insurance industry experience.
• Knowledge of industry-standard personal lines programs of insurance, including coverage concepts, rating procedures, and underwriting philosophies.
• Expert knowledge of state regulatory statutes and laws as they pertain to Property and Casualty insurance.
• Demonstrate an expert understanding of the insurance industry, functions of other departments and the organizational relationships within the enterprise company and utilize this knowledge to improve efficiencies both within the department and externally.
• Demonstrate an excellent working relationship with Product Management, Operations and IT, Department of Insurance and other individuals involved in the rate and form filings.
• Strong research and analytical skills with an expert ability to interpret research opinions and apply accurately for changes in policy language.
• Exhibit excellent oral and written communication skills to effectively organize and convey ideas, procedures and compliance issues.
• Display the ability to manage all aspects of projects proficiently, including the ability to problem solve extemporaneously, multi-task, and prioritize and coordinate project resources effectively.
• Demonstrate expert ability to handle change and interpret and apply new company initiatives in order to meet company goals.
• Demonstrate a thorough understanding of the insurance brand.
• Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint).

Desired Skills:

• Demonstrate ability to represent the department and contribute to the strategy of executing the company objectives with limited oversight or management guidance.
• High degree of initiative, mature judgement, and discretion.
• Adept conflict resolution and negotiation expertise.
• Demonstrate a thorough understanding of the departments work practices and procedures and their relationship to other functions.
• Demonstrate effective leadership skills in order to mentor analysts, functions as a team leader, and handle a myriad of projects and deadlines.
• Demonstrate strong attention to detail, organizational skills, and timeliness to meet company and department expectations.
• Demonstrate the ability to work in a fast-paced environment meeting aggressive business deadlines.
• Chartered Property and Casualty Underwriter (CPCU).
• J.D. (Juris Doctor) Degree from an accredited US law school.