Sr. Regulatory Analyst - Product 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

$68,500.00 - $113,000.00

Target Openings

1

What Is the Opportunity?

In the BI Product Filing & Regulatory Department, the Sr. Regulatory Analyst will manage the development, submission, negotiation and approval of rate, rule and form filings commensurate with business objectives and in compliance with regulatory requirements. Lead role in managing the more complex and controversial filings and related issues. Provides leadership and mentoring to Regulatory staff. Provides technical expertise and support to business units on filing related issues. Coordinates interaction with business unit representatives, Legal, Government Affairs and other areas to assure appropriate individuals are involved during the course of a filing. May also be responsible for supporting the management of regulatory initiatives and implementation of strategies to ensure compliance as a result of Market Conduct Exams, Interrogatories, Data Calls etc.

What Will You Do?

• Develop and prepare rule, rate and form filings to achieve business unit objectives and gain regulatory approval. This includes providing direction and support to the business units in the development and preparation of the material to be filed. Develops the overall filing strategy.
• Manage the communication and negotiation of filings with state insurance departments in a manner that will result in timely approval of company products.
• Apply problem solving techniques to assist business unit personnel when responding to regulatory issues. Communicate with appropriate company personnel to ensure timely implementation of filings.
• Review and analyze state insurance department statutes, regulations, bulletins, etc. to determine filing and regulatory requirements. Stay current on changes and developments that impact insurance design and development, in addition to filing requirements. Interpret state insurance statutes, regulations, etc. to provide guidance and direction to business units.
• Develop and maintain extensive personal contacts with state insurance department staff. Work with Legal, Government Affairs and Compliance personnel to identify and communicate sensitive regulatory issues or political situations. Represent the company at industry meetings.
• May assist with a broad range of topics and inquiries, including but not limited to market conduct exams.
• Perform other related duties, including short or long term projects, as assigned by senior staff.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Knowledge of regulatory and compliance aspects of the insurance industry.
• Knowledge of business line products, including company organization and procedures.
• Property & Casualty Insurance experience preferred
• Strong verbal and written communication skills; ability to negotiate skillfully and successfully.
• Strong analytical and research skills.
• Strong prioritization and organizational skills.
• Knowledge of various computer applications (Email, Microsoft Word, etc.)
• Technical/Business Competence:
• Strong knowledge of general regulatory requirements as they relate to commercial insurance.
• Expertise in state regulations for assigned states.
• Creative problem solving skills and ability to identify complex, critical and sensitive filing issues.
• Quality work products that are accurate, clear, concise and thorough.

Communication:

• Ability to concisely present complex regulatory issues.
• Understands, synthesizes and conveys complex data.
• Superior verbal and written communication skills.
• Communicates effectively at all levels across the organization.

Self-Management:

• Takes resp