Director, Compliance

Berkley Professional Liability was founded in October 2008 as an operating unit of W. R. Berkley Corporation, one of the nations premier commercial property casualty insurance providers, by a team of management liability professionals with a combined total of over fifty years of experience in insurance and financial services. Backed by superior financial strength, Berkley Professional brings fresh capacity, underwriting acumen, claims handling expertise, and extensive relationships with insureds and brokers to the management liability marketplace.

Since then, Berkley Professional has enjoyed calculated and consistent growth, while exceeding the needs of our business partners. We provide customized coverage solutions with fairness, responsibility and superior claims servicing. Berkley Professional continues to expand its product capabilities as well as geographic reach in order to better serve the dynamic management liability environment. This growth includes the addition of a dedicated Financial Institutions team as well as an experienced group of Transactional Liability underwriters furthering Berkley Professionals capabilities.

The Director of Compliance is responsible for ensuring the organization gains regulatory approval for new products and product amendments; and for maintaining the currency of product licenses and permits. Duties and responsibilities include but are not limited to:

Product Filings

• Work with and manage projects that interface with Underwriting, Actuarial, Legal, IT to rewrite writing current products and/or develop new products

• Compile Form and Rate Filings, include but not limited to: drafting state amendatory endorsements, assigning form numbers, proofreading, responding to state objection letters, communicating with state examiners to obtain product approvals; and communicating with IT regarding product approvals

  Projects

• Assist in the development of Form and Rate Library including auditing to ensure all forms and rates filings are approved and included in Phoenix and working with Underwriting and IT to build easier ways to search/locate forms.

• Assist in the development of surveys to be incorporated into Phoenix, including: ensuring compliance with cancellation, nonrenewal and conditional renewal letters; Large Risk Exemptions and Cancellations, Nonrenewals and Conditional Renewals.

• Bachelors degree preferred

• A minimum of 7 years of compliance experience in the insurance industry

• 3+ years experience working in Management Liability and especially Financial Institutions E & O product lines.

• Extensive knowledge of the State requirements and experience compiling product filings and building effective Underwriting workflows

• Able to communicate effectively with various departments, state agencies and other stakeholders.

• Ability to identify workflow efficiencies

• Must be fully vaccinated and remain fully vaccinated against COVID-19. *, unless prohibited by law.

The Company is an equal employment opportunity employer.

*Per the CDC, fully vaccinated means at least 2 weeks after (1) a second dose in a 2-dose series, or (2) a single-dose vaccine, and this status and definition applies to COVID-19 vaccines currently authorized for emergency use or approved by the U.S. Food and Drug Administration.

Job ID: 2022-7295

Street: 757 3rd Avenue

Industry:

Insurance

Seniority Level:

Mid-Senior Level

Job Functions:

ConsultingCustomer ServiceGeneral Business

Employment Type:

Full-Time

Additional Company Details: The Company is an equal employment opportunity employer.