Director, Regulatory and Filing

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Product

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$111,600.00 - $184,200.00

Target Openings

1

What Is the Opportunity?

The Regulatory & Filing team is dedicated to ensuring Travelers' products and practices adhere to insurance laws and regulations through the filing of required documentation and effective coordination of non-financial market regulatory activities. The filing responsibilities encompass the accurate and timely submission of comprehensive documentation detailing our insurance products, pricing, and policy terms to insurance regulatory departments. The market regulatory activities involve reviewing and validating responses to inquiries and alleged violations from regulatory bodies, soliciting input from the business units, designing corrective actions, developing strategies for upholding standards and educating staff on proactive compliance measures. As a Director, Regulatory & Filing, you will direct and manage the overall operations of the team. You will be responsible for offering expert guidance and support to all levels of the organization on the development and presentation of filings, address regulatory and compliance related challenges and assist in the design and implementation of regulatory strategies. You will lead the strategy for the Personal Insurance competitive intelligence working closely with business partners. You may also facilitate and direct the management and validation of non-financial market regulatory activities in higher complexity matters/states, compile reports on compliance related data to identify trends, and engage with business groups on proactive strategies for monitoring and ensuring compliance with corrective action plans.

What Will You Do?

• Drive and monitor operational efficiency for expediting filing processes, introduction of new products and adherence to laws and regulations.
• Analyze approval and rejection data of previous filings and monitor market practices to inform dynamic regulatory strategies, identify sensitive regulatory issues and communicate to senior leadership.
• Build and manage a team responsible for the preparation, submission, negotiation of terms, and approval for rule, rate, and form filings, as well as competitive intelligence. Provide expertise in resolving any issues that arise.
• Lead the development of the vision, strategies and initiatives for the Personal Insurance competitive intelligence within Product
• May facilitate and direct the management and validation of non-financial market regulatory activities, including market conduct exams, interrogatories, surveys, and data calls.
• May draft responses to inquiries, criticisms, and/or alleged violations, as well as, design, monitor and negotiate department findings, corrective actions, and potential penalties.
• Identify and engage resources to support all corporate initiatives and support staff’s technical development needs to deepen their expertise in the elements of regulatory & filing.
• Support the review and analysis of state insurance statutes and regulations to determine changes to product design, development and filing requirements, and adjust current practices accordingly. May partner with legal when appropriate.
• Provide education to relevant personnel on the best practices for maintaining and storing documentation to support compliance efforts.
• Serve as the lead contact with key internal business partners, state and federal regulatory agencies and external vendors.
• Direct the optimization of regulatory tools and databases through consultation with vendors to incorporate the latest regulatory changes, industry standards and internal policy adjustments.
• Coordinate and guide the strategic planning and execution of regulatory and filing projects ensuring to align with business unit objectives and drive cross