AVP, Compliance

Philadelphia Insurance Companies•Glastonbury, CT

19h•Hybrid

About The Position

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. This role directs activities to ensure that the company is in compliance with all applicable statutory and regulatory policies. It evaluates the compliance of existing programs and procedures, and develops new initiatives to achieve desired business objectives and goals. The position ensures compliance operations are functioning efficiently and effectively to avoid compliance risk to the company.

Requirements

Bachelor's Degree
At least 15 years’ experience working in a similar role for a commercial insurance carrier
Management experience required

Responsibilities

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.