Berkley

Sr. Regulatory Analyst

Location Name IL, Naperville
ID
2024-11563
Date Posted
6 days ago(12/12/2024 5:48 PM)
Company
WRBC Support Services
Primary Location
US-IL-Naperville
Category
Compliance

Company Details

WRBC_logo_Update

 

"Our Company provides a state of predictability which allows brokers and agents to act with confidence."

Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.

Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.

Today, the Berkley brand comprises more than 60+ businesses worldwide and is divided into two segments: Insurance and Reinsurance & Monoline Excess. Led by our Executive Chairman, founder, and largest shareholder, William. R. Berkley, and our President and Chief Executive Officer, W. Robert Berkley, Jr., W. R. Berkley Corporation is well-positioned to respond to opportunities for future growth.

 

The Company is an equal employment opportunity employer.

Responsibilities

The Senior Regulatory Filings Analyst role works with internal Product Development and Actuarial staff to analyze, prepare, submit, and manage timely approval of company product filings by various state departments of insurance. Products include bureau and proprietary rate, rule, and form filings. This position collaborates with Product Development and Actuarial staff to ensure the product and pricing goals of the operating units are achieved by providing filing expertise and creating filings that satisfy all applicable regulatory compliance requirements. This position also prepares business requirements to update policy administration systems for these filings and prepares updates to product databases and reference manuals. This position provides training to further develop Regulatory Analysts and provides line of business expertise across the territory.

 

• Review and analyze bureau circulars and bulletins (e.g., ISO, NCCI, AAIS & Independent bureaus) and collaborate with Product Development and Actuarial staff to provide guidance, prepare, and submit rate, rule and form filings for bureau products.
• Collaborate with Product Development and Actuarial staff to provide guidance, prepare and submit filings for proprietary rate, rule, and form products.
• Research and interpret state statutes on filing requirements, provide guidance and recommend solutions for DOI concerns related to state filings and related compliance issues.
• Responsible for in-depth knowledge of filing requirements for various lines of business and assigned states, acting as the subject matter expert to Product Development and Actuarial staff and other functional units, as required, for assigned state filing issues.
• Manage filing projects and service as the first point of contact to negotiate and respond to questions and objections from state insurance departments to ensure timely approval.
• Maintain filing information on department databases and / or SharePoint sites and issue status reports for assigned filing projects and participate in filings update meetings.
• Develop documentation for company products and update on-line manuals and other reference materials to aid underwriting in complying with use of approved rate, rule, and form filings.
• Participate in product rate, rules, and forms meetings.
• Develop clear, concise, and accurate business requirements to update policy administration systems for product filing changes.
• Perform policy administration system testing for product filing changes as assigned.
• Perform other related duties as assigned.

Qualifications

• Minimum of 8 years of Property & Casualty state filing experience, or equivalent P&C insurance experience.
• Advanced knowledge of insurance products and experience working with AAIS, ISO and NCCI rating bureaus.
• Working knowledge of Excel, Word, Access and SERFF required.
• Strong verbal and written communication skills.
• Strong organizational, project/time management and research skills.
• Detail orientation and ability to work in a fast-paced environment with changing priorities.
• Experience working in a collaborative, team-based environment.
• Ability to work independently on complex state filing projects.
• Demonstrated critical thinking and analytical skills.
• Consistently demonstrate WRBC Core Competencies and Innovation Behaviors.

 

Education Requirement

 

• Previous course work in insurance (AINS, CPCU, etc.) and pursuing designation a plus.
• College degree preferred or equivalent experience.

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