Property and Casualty Regulatory Analyst

Travelers • Hartford, CT

12d

About The Position

The Regulatory & Filing team is dedicated to ensuring Travelers' products and practices adhere to insurance laws and regulations through the filing of required documentation and effective coordination of non-financial market regulatory activities. The filing responsibilities encompass the accurate and timely submission of comprehensive documentation detailing our insurance products, pricing, and policy terms to insurance regulatory departments. The market regulatory activities involve reviewing and validating responses to inquiries and alleged violations from regulatory bodies, soliciting input from the business units, designing corrective actions, developing strategies for upholding standards and educating staff on proactive compliance measures. As a Analyst, Regulatory & Filing, you will develop and prepare filings to achieve business unit objectives and gain regulatory approval. You may also be involved in providing information for non-financial market regulatory activities.

Requirements

• Bachelor’s degree.
• Two or more years of experience with working knowledge of regulatory/compliance requirements, knowledge of insurance products within line of business, filing, and or related fields.
• Verbal and written communication skills to present complex regulatory issues, skillfully negotiate and foster collaboration across all levels of the organization.
• Efficient prioritization skills to ensure resources are allocated accordingly and critical projects are completed on time.
• Relationship management skills to build and foster productive partnerships with internal and external business partners.
• Bachelor’s Degree or equivalent combination of education and experience.

Responsibilities

• Prepare, submit, negotiate the terms, secure approval, and resolve any issues that arise for rule, rate, and form filings.
• May assist in providing information for non-financial market regulatory activities, including market conduct exams, interrogatories, surveys, and data calls.
• Support and provide direction to the business units when responding to filing issues, data requests and criticisms from regulatory agencies.
• Analyze state insurance statutes and regulations to determine changes to product design, development and filing requirements, and inform adjustments to current practices accordingly.
• May partner with legal when appropriate.
• Establish and develop partnerships with regulatory bodies and internal business partners such as actuarial, underwriting, product and legal.
• Assist in optimizing regulatory tools and databases by incorporating the latest regulatory changes, industry standards and policy adjustments to enable informed decision-making and adhere to regulatory requirements.
• Assist in the coordination of regulatory and filing projects, track progress, and support the team in meeting deadlines.
• Perform other duties as assigned.

Benefits

• Health Insurance
• 401(k) contributions matched dollar-for-dollar up to the first 5% of eligible pay, subject to an annual maximum.
• Paying it Forward Savings Program for student loan debt.
• Pension Plan funded by Travelers.
• A minimum of 20 days Paid Time Off annually.
• Nine paid company Holidays.
• Wellness program with tools, discounts, and resources.
• Mental health program with access to free professional counseling services, health coaching, and other resources.
• Matching Gift and Volunteer Rewards program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level