Director, Insurance Regulatory Compliance - BCS Financial Corporation : Job Details

Position Overview The Director, Insurance Regulatory Compliance is responsible for the development and oversight of insurance product form and rate filings. Products include current BCS offerings and new offerings and initiatives, including strategic changes and expansions. This role ensures adherence to state and federal laws and regulations across products and is responsible for regulatory research and advice for product development and implementation. This position will report to the Vice President, Compliance. Essential Elements

• Manage and develop team of Compliance professionals involved in the filing process and interacting with the business on regulatory compliance matters, as well as act as a resource for day-to-day questions and guidance
• Responsible for overseeing all A&H and P&C product filings, including in-house and outsourced projects, while providing input on filing strategy to stakeholders and management
• Engage with regulators to achieve desired filing and compliance results
• Represent Compliance and Legal Team with Product Development, Product Implementation, Product Management and Senior Management
• Manage regulatory update processes, identifying and researching regulatory changes affecting the company and its products, coordinate the distribution of regulatory updates to staff and administrators, and assist with implementation and monitoring of new requirements
• Manage or provide backup for complaint handling and regulatory reporting, including mental health parity and managed care filings and other reporting as delegated
• Supervise the renewal process for the Certificate of Authority for two nationwide licensed insurance companies
• Monitor industry changes, trends and best practices
• Consistently bring forward-thinking ideas and action plans for future goals and regulatory compliance program enhancements

Requirements Education and Certifications

• Bachelor's degree required
• Relevant insurance and compliance certifications preferred

Experience

• 5+ years of team management experience.
• 5+ years of experience supporting the insurance compliance function of an insurance carrier required
• Comprehensive knowledge of insurance products and regulations, including a profound understanding of coverages and policy structure for multiple lines of business
• Accident and Health (required) - Major medical, supplemental, ancillary, stop loss, employer life
• Property and Casualty (preferred) - travel, E&O
• 5+ years of experience with SERFF regulatory filing software required
• Excellent written and verbal communication skills required
• Strong expertise leveraging the Office 365 (O365) suite required