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VP, Compliance in Whitehouse Station, NJ at Chubb Group of Insurance Companies

Date Posted: 12/4/2018

Job Snapshot

Job Description

Major Duties and Responsibilities:
  • Manage the activities of the Personal Lines regulatory compliance team with direct oversight of the day to day operation of the team, including rate and form filings. This includes the management and assurance that state rate, rule, or contract revision projects initiatives are delivered seamlessly, end-to-end to meet the business goals of the division while remaining in compliance with statutory and regulatory requirements.
  • Act as the focal point for responding to statutory and regulatory issues for the business unit in coordination with the Compliance Assurance Department and/or other compliance areas within the Office of General Counsel, as appropriate.
  • Work with the Personal Lines business unit and support areas to ensure that products, systems, processes, and procedures are in compliance with statutory and regulatory requirements, including participating in compliance underwriting audits.
  • Support Personal Lines business unit by ensuring approved form/rate filings and other initiatives are implemented.
  • Communicate regularly with and report material compliance issues to the Compliance Assurance Department.
  • Actively participate in meetings and events organized by the Compliance Assurance Department.
  • Work with or at the direction of the Compliance Assurance Department to develop, communicate, implement, and maintain policies, standards, procedures, training, monitoring, and controls within the business unit.
  • Report to senior management on compliance efforts and the resolution of compliance issues.
  • Working with Regulatory Affairs and the Compliance Assurance Department, lead the resolution of all regulatory issues arising out of the Compliance Assurance Program, state examinations, investigations, inquiries, and audits. Ensure remediation and appropriate preventive action in response to violations of rules, regulations, policies, procedures, and standards of conduct.
  • Assist in responding to regulatory complaints working closely with underwriting, product and distribution.
Major Skills, Knowledge, and Experience Requirements:
  • •        Strong knowledge of the property and casualty insurance industry, including the product development process, regulatory procedures and interactions, and the state approval processes.

    •        Knowledge of industry associations (for example, ISO, AAIS), roles, and operations; demonstrated effective personal working relationships.

    •        Experience working in a product and rate filing and approval environment with explicit leadership/facilitation/coordination responsibilities and knowledge of the relationship to Underwriting, Actuarial, General Counsel, IT, and Claims.

    •        Excellent communications skills; capable of interacting effectively with Senior Product Line Managers, Regional Product Managers, and Regulators.

    •        Demonstrated track record in effective project management, managing shifting priorities, and coordinating efforts across organizational lines.

    •        Strong people management skills and experience with demonstrated achievements in the areas of results, staff development, diversity and retention.

    •        Good negotiation skills with ability to influence the priorities and actions of other people and departments.