Regulatory Compliance Manager
Job Location:
Morristown, NJ - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Department:
Job Summary
Berkley Oneis a modern insurance provider for a modern generation of affluence. We serve clients who live dynamic adventurous lives and expect their insurance experience to match. Our mission is to deliver highly personalized risk and claims management through a blend of expert independent agents cutting-edge digital tools and the strength of theBerkleybrand.
#workcomp #workerscomp #commercialauto #personallinesfilings
Why Join Us
At Berkley One youll be part of a forward-thinking team thats re-imagining personal insurance. Were building solutions that are as sophisticated and agile as the clients we serveindividuals and families who value innovation simplicity and exceptional service. Youll collaborate with passionate professionals leverage modern technology and help shape the future of our industry.
#LI-AV1 #LI-HYBRID
What We Value #DOIregulatoryfilings
- A client-first mindset with a passion for delivering exceptional experiences
- Curiosity creativity and a drive to challenge the status quo
- Collaboration across disciplines to build smarter more intuitive solutions
- Integrity expertise and a commitment to excellence
The Company is an equal employment opportunity employer.#LI-AV1 #LI-HYBRID
As our Regulatory Compliance Manager youll report to the operating unit General Counsel and is responsible for designing executing and overseeing regulatory compliance for consumer insurance business. Youll liaise between the operating unit General Counsel operating unit stakeholders (Product IT Operations Actuarial Claims) and state regulators to ensure the operating unit meets all applicable compliance and regulatory requirements.
This role will be based in our Morristown NJ office. We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.
What you can expect:
- Culture of innovation teamwork supportive colleagues and leaders willing to invest in talent
- Internal mobility opportunities
- Visibility to senior leaders and partnership with cross functional teams
- Opportunity to impact change
- Benefits competitive compensation paid time off comprehensive wellness benefits and programs employer funded health savings account profit sharing 401k paid parental leave employee stock purchase plan tuition assistance and professional continuing education
Well count on you for:
Regulatory Compliance
- Lead the execution and continuous improvement of the consumer business compliance program ensuring alignment with enterprise compliance policies and state regulatory obligations
- Serve as senior compliance advisor to business and functional leaders on regulatory requirements risks and controls
Regulatory Change Management
- Review new and amended laws regulations and bulletins for applicability summarizing and communication to stakeholders
- Work with stakeholders to effectuate timely execution of change
Privacy Data Security and Sanctions Screening
- Support and monitor privacy and data security compliance programs
- Oversee sanctions screening perform risk assessments perform clearing of potential matches
Regulatory Examinations and Consumer Complaints
- Direct and manage operating unit response to market conduct examinations other external audits and consumer complaints
- Work with stakeholders to meet timelines prepare complete responses and execute remediation plans
Support and act as SME for Agency Licensing and Appointments Medicare Reporting and Data Calls
- Oversee and monitor the operating units compliance as to Medicare Reporting Agency License and Appointment and Data Calls
- Support the teams charged with performing the day-to-day work in those areas
What you need to have:
- Bachelors Degree required
- 7 years of state insurance regulation in highly regulated lines of business
- Proven leadership experience with the ability to manage complex cross-functional initiatives and build partnerships with Legal Product Operations IT and Corporate Compliance to operationalize regulatory requirements
- Ability to synthesize complex regulatory requirements into practical business guidance and processes
- Demonstrated experience in managing state insurance regulatory inquiries consumer complaints
- Excellent written and verbal communication including regulator-facing correspondence and executive level communication and influence
What makes you stand out:
- Juris Doctor or Paralegal Certificate preferred but not required
- Experience with consumer-facing compliance
- Prior Claims Adjuster experience with Personal Lines Workers Compensation and/or Commercial Auto
- Demonstrated experience in managing state insurance regulatory inquiries consumer complaints
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
Base Salary Range: $100000 - $150000
Eligible to participate in annual discretionary bonus.
Benefits: Health Dental Vision Life Disability Wellness Paid Time Off 401(k) and Profit-Sharing plans.
The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.
Required Experience:
Manager
About Company
Berkley is a leader in commercial lines insurance, with over 60+ specialized businesses - each with deep expertise in an industry, product, or regional niche.
