Director, Insurance Regulatory Compliance
Apply NowCompany: BCS Financial Corporation
Location: Willowbrook, IL 60527
Description:
Position Overview
The Director, Insurance Regulatory Compliance is responsible for the development and oversight of product form and rate filings. Products include current BCS offerings and strategic changes and expansions. This role is responsible for regulatory research and advice for product development and implementation. Coordinates regulatory updates to staff and administrators.
This position will report to the Vice President, Associate General Counsel, Compliance.
Essential Elements
Requirements
Education and Certifications
Experience
Competencies
BCS Core Competencies
Analytical thinking, Collaboration, Communication, Customer focus, Innovation, Job knowledge
BCS Position Level (People Leader)
Supports organizational goals, Planning, Manages performance, People development, Drives continuous improvement
The Director, Insurance Regulatory Compliance is responsible for the development and oversight of product form and rate filings. Products include current BCS offerings and strategic changes and expansions. This role is responsible for regulatory research and advice for product development and implementation. Coordinates regulatory updates to staff and administrators.
This position will report to the Vice President, Associate General Counsel, Compliance.
Essential Elements
- Manage and develop team of Compliance professionals filing insurance products and providing compliance information to the business
- Responsible for overseeing all A&H and PC product filings, including inhouse and outsourced projects
- Represent Compliance and Legal Team with Product Development, Product Implementation, Product Management and Senior Management
- Manage regulatory update processes, identifying and researching changes affecting company and communication and follow up with business elements
- Manage or provide backup for mental health parity and managed care adequacy filings and reporting
- Supervises the renewal process for the Certificate of Authority for two nationwide licensed insurance companies
Requirements
Education and Certifications
- Bachelor's degree or commensurate experience required
- LOMA or other relevant insurance and compliance certifications preferred
Experience
- 5+ years of experience supporting the insurance compliance function of an insurance carrier required
- Familiar with products and regulation:
- Accident and Health (required) - Major medical, supplemental, ancillary, stop loss, employer life
- Property Casualty (preferred) - travel, E&O
- Experience with SERFF regulatory filing software required
- Excellent written and verbal communication skills required
- Strong expertise leveraging the Office 365 (O365) suite required
Competencies
BCS Core Competencies
Analytical thinking, Collaboration, Communication, Customer focus, Innovation, Job knowledge
BCS Position Level (People Leader)
Supports organizational goals, Planning, Manages performance, People development, Drives continuous improvement