Regulatory and Filings Analyst

Company



HSB



Location



Hartford
, United States

This position entails creating product specific premium determination rating and rule manuals that will be employed in our reinsurance and direct distribution channels, covering new product implementations, enhancements, and the expansion of partner companies into new states. For HSB's direct distribution products, this position provides regulatory consult, filing strategy and expertise to ensure seamless deployment of HSB's direct products into the market to support business initiatives. Develops and provides required comprehensive and state and federal compliant rate/rule filing to be filed with the respective state Departments of Insurance.

For direct and reinsured products, responsible for responding to state Department of Insurance objections received around rates and rules, and if necessary consults with product management, pricing and actuarial, underwriting and/or legal to resolve such objections to ensure approval. In addition this role is responsible for leading in specific direct and reinsured product expertise implementing regulatory requirements into underwriting rate development standards and creating surveillance of state regional regulatory bulletins and trends with an overall focus on state and federal compliance with insurance regulations.

Education and Experience

• Bachelors degree and equivalent work experience
• 3-5+ years experience in form, rate and rule filings of insurance products
• Experience working independently and within a team environment

Knowledge and Skills

• Strong analytical and research skills, with the ability to collect, analyze, and interpret complex data
• Resourcefulness and aptitude for managing complexity in a fast-paced environment
• Ability to interpret and communicate the impact of regulatory trends on commercial and personal lines products
• In-depth knowledge of state filings and regulations, including strong working understanding of relevant commercial and personal lines requirements
• Customer-centric approach, with excellent relationship-building skills and a strong focus on stakeholder engagement
• Effective interpersonal skills, enabling the balancing and influencing of diverse stakeholder groups
• Proven experience providing regulatory compliance support for commercial and personal products, with a deep understanding of industry requirements
• Excellent communication skills, both written and verbal, with the ability to articulate complex ideas, issues, and solutions to diverse audiences
• Strong prioritization and organizational skills, with a proven ability to manage multiple priorities and deadlines in a dynamic environment
• Critical and strategic thinking, with well-developed problem-solving and decision-making capabilities
• Exceptional attention to detail, with a capacity for multitasking and efficient management of competing priorities
• Ability to manage ambiguity and uncertainty, with a focus on delivering results in a rapidly changing environment
• Strong time management skills, with a proven ability to prioritize tasks and manage workload effectively
• Deep product or product family expertise within the Global Corporate Underwriting division, with a competent understanding of actuarial support and underwriting principles
• Strong industry-specific knowledge, including proficiency in systems such as SERFF, APCIA, ISO, NILS, Microsoft Office (Word, Excel, PowerPoint), and S&P Global.

This role is responsible for the development of highly customized product pricing manuals for our top tier, most sophisticated partner insurance companies for our reinsured products. As a key member of top tier customer Client Integration Teams (CIT), consults with partner carrier counterparts to provide HSB's coverage in the most efficient way and to ensure Department of Insurance rate/rule filing compliance while meeting operational implications of our partner carriers.

At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.