VP of Compliance
Job Overview
Employment Type
Full-time
Compensation
Type:
Salary
Rate:
Range $140,000.00 - $280,000.00
Work Schedule
Flexible
Benefits
competitive compensation
Healthcare benefits
401k retirement plan with company match
Paid Time Off
Paid holidays
Parental and bonding leave
hybrid work schedule
Longevity awards
Tuition Reimbursement
training and career advancement opportunities
Job Description
Berkshire Hathaway GUARD Insurance Companies is a distinguished name in the Property & Casualty insurance sector, renowned for providing products and services through a vast nationwide network of independent agents and brokers. As part of the prestigious Berkshire Hathaway group, ultimately owned by Warren Buffett, this company boasts an A+ "Superior" rating from AM Best, the leading independent insurance rating organization. Headquartered in Wilkes-Barre, PA, Berkshire Hathaway GUARD employs over 1,000 dedicated individuals across multiple offices throughout the United States and continues to thrive and expand. The company is driven by a clear vision to establish itself as the premier... Show More
Job Requirements
- Bachelor's degree in law, business, or related field
- 10+ years of relevant compliance experience in a national insurance company
- Proven leadership experience in managing teams in a matrix organization
- Strong understanding of insurance-specific regulatory environment
- Excellent communication and interpersonal skills
- Ability to work in a hybrid environment with some travel
- Proven ability to design and implement compliance frameworks
- Strong analytical and problem-solving skills
Job Qualifications
- 10+ years of experience in a compliance role at a national insurance company
- Experience leading, managing, and developing teams of people both directly and as part of a highly-matrixed organization
- Experience building compliance policies, procedures, training, risk assessments, and periodic plans
- Experience planning, executing, reporting on, and following up on compliance reviews
- 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 dealing with regulators as part of financial and market conduct examinations is a plus
- Deep knowledge of industry standards, customs, and practices relating to compliance
Job Duties
- Assist with operationalizing a modern, best-in-class Compliance Department focusing on commercial insurance across multiple lines of business
- In partnership with business unit leaders, develop written policies and procedures to keep the business in compliance with insurance-specific and related laws and regulations
- Work with other control functions and business units to develop and monitor appropriate controls to prevent, detect, and resolve compliance breaches
- Engage collaboratively 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
- Monitor, review, research, and assist with implementation of applicable state regulatory changes
- Engage with regulators and respond to regulatory inquiries, investigations, and market conduct issues in coordination with business units and the broader Legal and Compliance 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
Job Qualifications
Experience
Expert Level (7+ years)
Job Location
You may be also interested in: