State Filings Specialist

MSIG USA•Warren Township, NJ

1d•$90,000 - $150,000

About The Position

MSIG USA continues to grow! Company Overview: MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks. Position Summary: The State Filing Specialist is responsible for assisting with all aspects of regulatory filings related to commercial insurance policies across multiple states. This role ensures that the company complies with the insurance laws and regulations specific to each state and helps to ensure the company’s products and rates are approved by state insurance departments. The analyst will work closely with State Filings Manager and internal teams to streamline the filing process, monitor regulatory changes, and manage compliance risk. This is an individual contributor position.

Requirements

Associate’s/Bachelor’s degree or equivalent industry experience.
5+ years of strong knowledge relating to the end-to-end State Filings process for both proprietary and bureau line of business.
Product Development and State Filings experience in property and casualty products, product management and regulatory compliance required.
Strong analytical, organizational and project management skills
Ability to work independently and as part of a team
Proficiency in Microsoft Suite and SharePoint
Excellent written and oral communications skills
Demonstrates strong attention to detail.
Commitment to project ownership and accuracy.

Responsibilities

Work with the State Filings Manager and Product Development Analyst assisting in maintaining forms, rules and rating plans in compliance with regulatory requirements and meeting the business needs.
Assist with developing, documenting, and maintaining processes supporting the lifecycle of product development, with a focus on state filings.
Prepare and submit filings via SERFF or iFile for multiple lines of business, including but not limited to commercial auto, general liability, property, crime, inland marine, umbrella/ excess liability, workers compensation and financial lines.
Drive the filing and objection process and coordinate responses to state objections, including needs for extensions and resubmissions to secure timely state approvals and communicate filing status to business partners and members of the product development team.
Develop and/or coordinate form and rule explanatory memoranda, along with all other supporting documentation required for regulatory filings, ensuring the materials clearly support the business intent of the filing and that all required internal approvals are obtained.
Maintain complete manuals of all rating and forms usage rules.
Responsible for maintaining form numbering log and assigning numbers to all policy forms.
Support Commercial Lines filing portal requests by performing triage, analysis, and research on individual requests.
Ensure all policy forms are uploaded to the internal Forms Library maintained on the MSIG USA intranet.
Ensure all proprietary rating rules are uploaded and maintained on the MSIG USA intranet.
Research and analyze industry and competitor data as requested by the business units.
Analyze regulatory and legislative changes and propose action as needed.
Develop and circulate advisory bulletins as appropriate.
Monitor Reference Organization changes and communicates as appropriate to ensure compliance.
Engage all members of our team as we work together to provide excellent service to our business partners. This includes identifying training opportunities, process improvements and efficiencies as well as collaboration on complex issues.