What are the responsibilities and job description for the Regulatory & Compliance Unit Manager - GenStar position at Gen Re Corporation?
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GenStar Insurance Services, LLC is a premier provider of excess, surplus, and specialty property and casualty insurance written on General Star Indemnity Company (non-admitted) and General Star National Insurance Company (admitted) paper (collectively, the GenStar companies). The GenStar companies conduct business through a select group of wholesale brokers, managing general underwriters (MGUs), and program administrators in the United States. The GenStar companies are members of the Berkshire Hathaway Family of Companies .GenStar currently offers an excellent opportunity for Regulatory & Compliance Unit Manager - GenStar based in our Stamford office. This is a hybrid role.
Role Description
The Regulatory & Compliance Unit Manager is responsible for the compliance functions of GenStar and Genesis and is the unit manager of the Regulatory Unit. Supports the legal entities, which are P&C insurance companies offering coverage on an admitted and surplus lines basis through their in-house service companies. Requires knowledge of a broad range of compliance matters. This is a hands-on role with a workload of compliance tasks in addition to management responsibilities – a player manager. The person will manage a small team of compliance specialists with a proven record of multitasking, meeting deadlines, collaborating with various business units, and promoting a proactive compliance culture of fine-free success. This person will report to the Chief Underwriter of GenStar and Genesis.
RESPONSIBILITIES:
- Manager and Mentor Effectiveness: Develop and mentor associates to become effective compliance mentors throughout the organization. Build a network of compliance and insurance experts to enhance outcomes.
- Deadline Management: Maintain control of compliance deadlines for various requirements, including state filings, data calls, and licensing.
- Stakeholder Communication: Collaborate with internal clients to promote a compliant culture that supports growth.
- Admitted Requirements: Guide associates on best practices for handling admitted insurance and optimize exemptions to filing requirements.
- Reporting, Data Calls & Survey Submittals: Maintain a database of deadlines and ensure timely and accurate submissions.
- Consumer Complaint Resolution: Implement an effective system to address consumer complaints and inquiries promptly.
- Licensing Oversight: Ensure adherence to licensing requirements for brokers, claims adjusters and authorized lines of insurance.
- Law Change Advisory: Track and report on legislative and regulatory developments to key stakeholders.
- Product Research: Conduct competitive analysis and assist in product development.
- Compliance Research: Contribute to research on legal and regulatory matters.
- Internal Quality Reviews: Conduct audits to test compliance with insurance statutes and regulations.
- Cross-Functional Collaboration: Work with various divisions to ensure a cohesive approach to compliance.
- Continuous Improvement: Identify areas for compliance improvement and recommend plans for enhancement.
- Resource Allocation: Effectively allocate resources to meet project milestones.
- Operational Efficiency: Identify process improvements to enhance compliance tasks.
Role Qualifications and Experience
- Minimum of 3 years as a regulatory compliance manager in the P&C insurance industry.
- Bachelor’s or Master’s degree in a relevant field.
- Strong business acumen, management skills, and communication abilities.
Salary Range
155,000.00 - 260,000.00 USDThe annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
Our Corporate Headquarters Address
General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)
At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability , marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.
