What are the responsibilities and job description for the Head of Compliance position at GUARD Insurance Group?
Overview
Berkshire Hathaway GUARD Insurance Companies provide Property & Casualty insurance products and services through a nationwide network of independent agents/brokers.
Our companies are all rated A "Superior" by AM Best (the leading independent insurance rating organization) and ultimately owned by Warren Buffett's Berkshire Hathaway group – one of the financially strongest organizations in the world.
Headquartered in Wilkes-Barre, PA, we employ over 1,000 individuals (and growing) and have offices across the country.
Our vision is to be the leading small business insurance provider nationwide.
Founded on Excellence
Founded upon an exceptional culture and led by a collaborative and inclusive management team, our company's success is grounded in our core values: accountability, service, integrity, empowerment, and diversity.
Benefits
We are an equal opportunity employer that strives to maintain a work environment that is welcoming and enriching for all.
You'll be surprised by all we have to offer:
- Competitive compensation
- Healthcare benefits package that begins on first day of employment
- 401K retirement plan with company match and profit sharing
- Generous paid vacation and sick time
- Hybrid work schedule (three days in the office, two days from home)
- Work/life balance schedule – no nights or weekends/closed for all major holidays
- Longevity awards (every 5 years of employment receive a generous monetary award to be used toward a vacation)
- Tuition reimbursement after six months of employment
- Numerous opportunities for continued training and career advancement
Responsibilities
The Head of Compliance will be responsible for ensuring the Company's operations are conducted in accordance with the complex legal & regulatory requirements applicable to the property and casualty insurance industry.
Reporting to the General Counsel, the Head of Compliance will have the following responsibilities:
- Build and lead a modern, best-in-class Compliance Department for a growing $2 billion insurance company, focusing on commercial insurance across multiple lines of business.
- Responsible for developing, formalizing, and maintaining written policies and procedures to keep the business in compliance with both insurance and general corporate laws and regulations.
- Ensure adequate controls are in place to prevent, detect, and resolve compliance breaches.
- Engage with business unit leaders to ensure regulatory compliance across all areas of the business, including Underwriting, Claims, Distribution, Product, Premium Audit, Customer Service, and more.
- Responsible for leading company-wide compliance strategies in a federated model, with compliance subject matter experts embedded within business units.
- Monitor, review, research, and interpret applicable state regulations and regulatory changes; including communication and implementation of required regulatory changes.
- Engage with regulators and respond to regulatory inquiries, investigations, and market conduct issues in coordination with business units and the Legal department.
- Design and implement compliance training programs for employees of the company.
- Bring a business-first mindset to partner with company leaders and enable action through a pragmatic and collaborative approach.
Qualifications
10 years of experience in a compliance role at a primary insurance company
Experience leading and managing teams of people
Experience building compliance policies and procedures
Deep knowledge of commercial insurance laws and regulations, including those addressing product design, underwriting, policy termination, marketing and distribution, agency regulation, licensing, privacy, cybersecurity, artificial intelligence, anti-discrimination, claims handling, OFAC, AML
Experience with and established relationships with insurance regulators
Deep knowledge of industry standards, customs and practices relating to compliance
Law degree or equivalent experience
Job Summary
Job ID: 2024-5398
# of Openings: 1
Category: Legal
Company: Berkshire Hathaway GUARD Insurance Companies
