Manager, Regulatory and Filing, Competitor Intel

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

$91,800.00 - $151,600.00

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 Manager, Regulatory & Filing, you will develop and prepare the most complex and controversial filings to achieve business unit objectives and gain regulatory approval. You may assist in facilitating and directing the management and validation of information for non-financial market regulatory activities in lower to moderate complexity matters/states and assist with compiling reports on compliance related data to identify trends. You may also be responsible for leading a team and supporting the management of regulatory initiatives and implementation of strategies to ensure adherence to laws and regulations.

What Will You Do?

• Assist with the improvement of processes and implementation of strategies for expediting approval of filings, introduction of new products and adherence to laws and regulations.
• Apply problem solving techniques to assist business unit employees when responding to regulatory Competitive Intel issues. Actively collaborate with stakeholders to monitor competitive activities (coverage, new products, exclusions, etc.) and report findings as applicable. Own and advance the BI Competitive Intelligence vision, effectiveness and strategy. Monitor new opportunities/AI to support the competitor research discipline for growth, accuracy and efficiencies.
• 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 and design, monitor, and negotiate corrective actions.
• Continuously monitor and assist in reviewing 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.
• Serve as the lead contact with key internal business partners, state and federal regulatory agencies and external vendors.
• Manage the optimization of regulatory tools and databases through consultation with vendors to incorporate the latest regulatory changes, industry standards and internal policy adjustments.
• Manage project resources to ensure successful delivery of multiple complex projects within scope, budget and timeline.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor’s degree.
• Five or more years of experience with demonstrated knowledge of regulatory/compliance requirements, processes and procedures, knowledge of insurance products within line of business, filing, and or related fields.
• Two or more years of experience in leadership and management of others.
• Certification in one or more regulatory compliance or similarly recognized group such as ARC, AIRC, PIR, SPIR, CPCU, MCM, etc.
• Excellent verbal and written communication skills to present complex regulatory issues, skillfully negotiate