This role supports the Legal/Regulatory Department as an experienced insurance product professional for U.S. property and casualty business. Specifically, it works with the company’s product development professionals to assemble and submit complete and compliant insurance product proposals (“filings”) to state departments of insurance for their review and approval. The role also has a shared responsibility for assisting or leading a variety of regulatory and compliance, product governance, and implementation matters, as may arise. Further, it is expected that the successful candidate will maintain a solid understanding of AmTrust’s mission, vision, and values and uphold all the standards of the AmTrust organization.
To be the contributing expert in what is needed to prepare and submit successful filings to state departments of insurance (51 jurisdictions). Familiarity with relevant regulations, state instructions, and necessary supporting exhibits is essential.
Primary contact person for state regulators reviewing AmTrust’s product proposals. Lead role in proposing resolutions and in drafting initial responses for product leadership’s review.
Monitors activities of the Insurance Services Office (ISO) for multiple lines of business for 51 U.S. jurisdictions and document changes that affect AmTrust products.
Assists in disseminating impactful statutory and regulatory information that affects AmTrust’s products.
Attends meetings with Product, Operations, and IT leaders to craft optimal state filing packages and implementation plans.
Maintains documentation archive of all implemented product changes for market conduct and IT reference.
Based on level of expertise, may assist product manager in the drafting of insurance manual rules and simple to moderate form revisions in support of completing our insurance proposal.
When appropriate, provides in-person training and guidance to Compliance Specialists or other supporting positions assisting in the preparation and submitting insurance product filings.
Performs other functionally related duties as assigned.
This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all activities, duties, or responsibilities that will be required in this position. AmTrust has the right to revise this job description at any time.
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AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.
AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.
AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.
AmTrust Financial Services, Inc., through its subsidiaries, operates as a multinational property and casualty insurance company. Founded in 1998 to provide workers’ compensation insurance to small businesses in the United States, the company now operates in three segments around the globe: Small Commercial Business Insurance, Specialty Risk and Extended Warranty, and Specialty Middle-Market Property and Casualty Program Insurance.
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