Manager Product Compliance
Manager Product Compliance
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Job Description
Overview
This opportunity is for a managerial position on our Product Compliance team. This position reports into the Legal/Regulatory department and principally supports AmTrusts property & casualty products written by its retail and program business units. The core lines of business are Businessowners Commercial Auto Commercial Property and General Liability all of which are ISO based.
The successful candidate will be expected to maintain a solid understanding of AmTrusts mission vision and values and will steadfastly uphold the standards of the AmTrust organization.
Responsibilities
- Preparation and submission of SERFF filings that support product enhancement and expansion initiatives developed by AmTrusts product and actuarial teams for all 51 jurisdictions including handson responsibility for directly overseeing a line of business and selffiling in SERFF.
- Manages a small 23 member) team of compliance professionals for high performance determined by meeting agreedupon deadlines demonstrated high quality work product and maintaining staff engagement with AmTrusts goals and mission.
- Manages multiple insurance product filing initiatives. Keeping in touch with product leaders for changes in scope changes in priority and providing timely status.
- Monitors the activities of the Insurance Services Office (ISO) for one or more lines of business for 51 jurisdictions. Documents and advises product management of relevant changes that affect AmTrust products.
- Interfaces with internal stakeholders (e.g. product development actuarial IT) and state regulators to resolve objections to proposed insurance products and broadly ensures compliance with state regulations concerning line of business.
- Maintains historical records supporting all admitted product creations revisions and amendments implemented on our P&C carriers including documentation necessary to demonstrate our companies compliance to state examiners.
- Works with I/T on product implementation and system programming when/if Compliance guidance is required; provides guidance to Operations when/if needed on certain insurance practices.
- Keeps current with market trends pertaining to the line(s) supported.
- Communicates to business clients and Product Compliance team members changes to relevant state statutes.
- Performs other functionally related duties as assigned.
Qualifications
Required:
- Minimum of 5 years of broad product compliance experience with commercial P&C coverages. With expert level knowledge* in at least one of the following ISObased coverages: Businessowners commercial auto commercial general liability commercial property professional liability.
* Knowledge such that you could collaborate with a product leader in drafting changes to forms rules or the rating algorithm OR definitively explain nuances of coverage to internal counsel seeking to defend AmTrusts position in a matter related to that coverage
- Demonstrable SERFF and filing assembly experience.
- Proficiency in Microsoft Office (Word Excel) products and SharePoint as well as SERFF. (Proficiency with Smartsheet is a suitable standin for Excel.
- Strong professional communication skills (both verbal and written) necessary to effectively communicate with regulators as well as executive leadership within our organization.
- Must be able to convey the policies procedures and values of our company and our business group to direct reports.
Preferred:
- Prior management or supervisory responsivities.
- Bachelors Degree
- Experience drafting P&C insurance forms and endorsements or exclusions.
- SQL experience.
- P&C product Underwriting background or experience with coverage interpretations in the process of claims adjustment.
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What We Offer
AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans Life Insurance including eligible spouses & children Health Care Flexible Spending Dependent Care 401k Savings Plans Paid Time Off.
AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race ethnicity gender sexual orientation culture religion or disabilities.
AmTrust values excellence and recognizes that by embracing the diverse backgrounds skills and perspectives of its workforce it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative enabling us to attract retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company how we operate and how we see our future.
Required Experience:
Manager
Employment Type
Full-Time
