Arch Capital Group Ltd.

Senior Compliance Analyst

Arch Capital Group Ltd.

full-time

Posted on:

Location Type: Hybrid

Location: Jersey CityConnecticutNew JerseyUnited States

Visit company website

Explore more

AI Apply
Apply

Salary

💰 $90,000 - $134,000 per year

Job Level

Tech Stack

About the role

  • Oversee and file with state insurance regulators forms, rates and rules developed by Product Development and Underwriting utilizing the Filing Ramp software application.
  • Develop filing strategies to further the most efficient admitted project implementation.
  • Drive the filing and objection process through the life cycle of the Speed to Market opportunity.
  • Coordinate, perform and/or oversee state filings activities for bureau and independent insurance products in all states for various lines of business, including but not limited to workers compensation, commercial auto, general liability, property, crime, inland marine, umbrella/follow form excess liability, and other specialty admitted insurance products written on a property and casualty basis.
  • Work closely with other departments (underwriting, actuarial, IT, product development) to monitor and communicate filing methods and procedures to ensure rate and form filings in use are accurate and current.
  • Oversee and coordinate process for responding to state objections.
  • Oversee needs for extensions, resubmissions, withdrawals with considerations of individual states’ restrictions and deadlines.
  • Respond to state objections by researching Arch and competitor filings, proposing responses consistent with similar products, drafting endorsements, drafting manual pages and working closely with Product Development and Actuarial.
  • Work with state regulators to ensure product compliance in order to gain approval.
  • Coordinate and document all activities surrounding the filing, approval, disapproval of all filings with state insurance departments.
  • Conduct research on various regulatory topics such as filing requirements by line of business, commercial lines exemptions, deregulation, cancellation/nonrenewal, refer to company rating, etc.

Requirements

  • Advanced knowledge of ISO’s Commercial Lines Manual along with other ISO, NCCI and other bureau advisory filings and manuals.
  • Experience providing regulatory compliance support for commercial products.
  • Advanced working knowledge of insurance principles procedures and best practices, commercial lines rating methodologies, state insurance regulation and filing requirements.
  • Advanced knowledge rate and forms filing procedures and compliance with laws, regulations, or standards.
  • Ability to interpret relevant industry trends and information within the industry and react in alignment with company strategic objectives.
  • Ability to effectively communicate ideas, issues and solutions to diverse audience in writing and orally.
  • Demonstrates high level of organizational skills and attention to detail.
  • Intermediate computer skills, and knowledge of and ability to use standard industry programs and websites.
  • 7+ years of experience in the insurance regulatory / state filings field.
Benefits
  • multiple medical plans plus dental, vision and prescription drug coverage
  • a competitive 401k with generous matching
  • PTO beginning at 20 days per year
  • up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer
  • basic Life and AD&D Insurance as well as Short and Long-Term Disability
  • Paid Parental Leave of up to 10 weeks
  • Student Loan Assistance and Tuition Reimbursement
  • Backup Child and Elder Care
  • and more.

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
Filing Ramp softwareISO Commercial Lines ManualNCCI filingsregulatory complianceinsurance principlescommercial lines rating methodologiesrate and forms filing proceduresstate insurance regulationfiling requirementsresearch on regulatory topics
Soft skills
communication skillsorganizational skillsattention to detailproblem-solvingcollaborationstrategic thinkingadaptabilitywriting skillsinterpersonal skillsanalytical skills