What are the responsibilities and job description for the Regulatory Compliance Manager OR Regulatory Counsel position at Westminster American Insurance Company?
Join a Growing Insurance Leader
Westminster American Insurance Company (WAIC) is a well-capitalized, specialized commercial property insurer, providing coverage across 12 states. We have a strong foundation as a boutique insurer, specializing exclusively in habitational and office risks - including apartments, condo associations, office buildings, and mixed-use properties. As we continue to enhance our compliance framework and prepare for a major transition from AAIS to ISO filings in Q3 2025, we are seeking a Regulatory Compliance Manager OR Regulatory Counsel to take ownership of critical regulatory and compliance responsibilities. This is a new position, created to ensure that WAIC remains proactive in filings, regulatory notices, and compliance oversight - areas that have previously been split between senior leadership. The ideal candidate will bring a deep understanding of insurance compliance, regulatory filings, and policy forms. We are open to candidates with an insurance compliance background or those with a legal background (attorney or paralegal) who have expertise in regulatory matters.
If you're looking for a high-impact role with leadership visibility, we encourage you to apply!
About the Role – Two Possible Paths
Option 1: Regulatory Compliance Manager (Non-Attorney)
At WAIC, we do things differently. With fewer than 25 employees, we’re more like a family than a corporation. We foster a collaborative, engaging work environment where individual contributions are valued, and we invest in our employees’ success. If you have strong experience in insurance compliance and regulatory filings, this version of the role will focus on
What You’ll Do
● Manage form and rate compliance across all WAIC’s operating states, working with the CEO and CUO.
● Lead our transition from AAIS to ISO filings in 2025, including working with ISO, external actuaries, and regulators to file and track loss cost multipliers (LCMs).
● Ensure underwriting, billing, and cancellation notices comply with state-specific regulations (e.g., correct language on policy delivery, cancellation notices).
● Maintain all company compliance files, including:
o Licenses
o Forms filings, (including AAIS, ISO and company specific forms)
o Loss Cost and Loss Cost Multiplier (Rate) filings
o Regulatory complaint log
● Collaborate with leadership to draft and manage coverage change notices for insureds as we transition to ISO-based forms.
● Report directly to the CEO.
Option 2: Regulatory Counsel (Attorney)
If you are a licensed attorney, this role can expand beyond the above to include:
● Regulatory affairs, including responding to DOI inquiries, complaints, and regulatory audits.
● Drafting and reviewing policy language and compliance-related legal documents.
● Managing state regulatory filings (form, rate, rule changes) and providing legal insight on compliance risks.
● Advising senior management on insurance law, regulatory trends, and potential legislative changes impacting WAIC.
What We’re Looking For
Compliance Manager Track
● Paralegal and/or 5 years of insurance regulatory compliance experience, preferably with a carrier.
● Strong knowledge of policy filings, regulatory approvals, and rate/form filing processes.
● Experience with AAIS, ISO, and state-specific filing procedures is a big plus.
● Ability to organize and track multiple state filings, regulatory notices and other compliance files.
Regulatory Counsel Track
● JD (Juris Doctor) degree
● Active Bar Admission is preferred
● Experience in insurance regulatory law, DOI interactions, and compliance audits.
● Strong legal writing skills and ability to interpret insurance statutes and regulations.
● Prior work in commercial property and casualty insurance is preferred.
Both Tracks
● Strong analytical and problem-solving skills.
● Excellent communication and relationship management abilities.
● Strong proficiency in Microsoft Office Suite, including:
o Word (document creation, reporting, executive summaries)
o Excel (data analysis, formulas, charting)
o PowerPoint (presentation design for board and executive meetings)
o Outlook & Teams (email, scheduling, virtual collaboration).
● Desire to thrive in a collaborative, fast-paced environment.
Work Environment & Perks
Salary Range: $80,000-$160,000
This position includes salary and benefits details in compliance with state and local pay transparency laws. Please be aware that salaries for this role may differ among individuals based on factors such as location, personal skills and qualifications, education, certifications, experience, job performance, and potential for revenue generation.
● Hybrid Schedule: Three days per week in our Owings Mills office (mandatory in-office on Mondays and Thursdays; staff splits Tuesdays and Wednesdays in-office/WFH).
● Compressed Work Schedule (CWS) Option: Work an extra hour Monday-Thursday and get every other Friday off.
● Competitive Salary Full Benefits Package, including 401(k), health insurance, PTO, and more. Employees are eligible for a “Short-Term Incentive Plan (STIP) based on performance metrics.
● Work Environment: This role is primarily located in a standard office environment with minimal noise, occasional light lifting, and sitting at a desk for extended hours.
● Unique Benefits: Each employee gets one additional paid day off annually to volunteer at a charity of their choice.
Why WAIC?
Westminster American Insurance Company (WAIC) is a fast-growing, A- rated commercial P&C carrier headquartered in Owings Mills, Maryland. If you’re looking for a place where your expertise is valued, where you’re encouraged to think beyond the checklist, and where you’ll be part of a tight-knit, supportive team, WAIC could be your next great opportunity.
Equal Opportunity Employer
WAIC is an Equal Opportunity Employer. We are committed to a diverse and inclusive workplace and do not discriminate on the basis of race, color, religion, sex, national origin, disability, veteran status, sexual orientation, gender identity, or any other protected characteristic under applicable law.
Interested? Apply today and see why WAIC is not just another insurance company - it’s the place to build your future.
Salary : $80,000 - $160,000
