Job Abstract

Requisition ID

2024-16715

Category

Legal

Position Type

Regular Full-Time

Supports Legal/Regulatory Department across several AmTrust U.S. offices. Has shared responsibility for assisting or leading a variety of regulatory & compliance, product development and implementation matters. Maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust organization.

• Prepares insurance product filings (with minimal supervision) for commercial package coverages, such as commercial auto, general liability, property and commercial umbrella and niche products (e.g., contractors, excess, and professional liability) from instructions or descriptions provided by product management leaders. Provides in-person training and guidance to Compliance Specialists responsible for submitting insurance product filings.
• Creates insurance manual rules and write simple to moderate form revisions to support the aims and construction of our insurance policies and the intentions of product management leaders.
• 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.
• Maintains documentation archive of all implemented product changes for market conduct and IT reference.
• Takes the lead interfacing with internal stakeholders (e.g., product development, actuarial, IT) and state regulators to resolve objections to proposed insurance products. Takes the lead in proposing resolutions and in drafting initial responses for product leadership’s review.
• Displays acumen, responsibility and knowledge to develop into a Compliance Manager role within 2-3 years.
• Keeps current with market trends and demands.
• Performs other functionally related duties as assigned.

Required:

• Substantive knowledge of regulatory compliance issues and state insurance laws.

• Minimum of 5+ years of commercial insurance experience in the areas of product compliance, underwriting, product development, insurance business analysis, or commercial agency account management
• Proficiency in Microsoft Office (Word, Excel) products and Sharepoint, as well as the NAIC industry portal – System for Electronic Rates & Forms Filings (SERFF)
• Strong organizational skills and detail oriented
• Ability to interact with people at all levels of the corporate structure.
• Quick learner with a strong desire to take on additional responsibilities and stretch outside his/her comfort zone.
• Self-motivated team player with the proven ability to work independently and prioritize and handle numerous competing demands in a high-volume, fast-paced working environment, frequently under urgent deadlines.
• Strong interpersonal and communication (verbal and written) skills.
• Ability to handle confidential information sensitively and discreetly.

Preferred:

• Bachelor’s Degree preferred.

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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