Sompo
Join to apply for the
AVP, Compliance
role at
Sompo Join to apply for the
AVP, Compliance
role at
Sompo Get AI-powered advice on this job and more exclusive features. Are you looking for your next opportunity?
Ensure you read the information regarding this opportunity thoroughly before making an application.
Sompo has a unique opportunity for an Are you looking for your next opportunity?
Sompo has a unique opportunity for an
Insurance Compliance and Regulatory Reporting Manager
in our Insurance Operations team.
Location:
This position may be based out of our Charlotte, NC, Alpharetta, GA, or Morristown, NJ offices. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
Our Business, Your Impact, Our Opportunity
What you’ll be doing:
Job Summary:
The Insurance Regulatory and Compliance Reporting Manager is responsible for overseeing the development and management of the company's regulatory and compliance reporting function. This role involves ensuring the timely and accurate submission of regulatory reports, managing the reporting team, and collaborating with various departments to improve reporting processes and ensure compliance with industry standards.
Manage a team of analysts by overseeing the preparation of regulatory reports and filings and ensure timely and accurate submission. Manage submission of reports of premium and claims statistics to state insurance departments, NCCI, independent rating bureaus, and regulatory agencies. Monitor and interpret regulatory changes, circulars and bulletins and assess their impact on the organization. Manage and analyze complex States to ensure accurate payment of State and Bureau fund assessments and surcharges. Collaborate with internal stakeholders to integrate compliance requirements into business operations. Collaborate with cross-functional teams to research / resolve issues and respond to inquiries from regulatory agencies, NCCI, and independent rating bureaus. Coordinate regulatory audits and inspections. Conduct regular audits and assessments to ensure compliance with regulations. Liaise with vendors, state regulatory agencies, NCCI and ISO to ensure adherence to required data processes. Continuously seek opportunities to enhance compliance and regulatory processes and systems.
What You’ll Bring
8 + years experience preparing and submitting reports to state insurance departments, NCCI, and independent rating bureaus and regulatory agencies. Knowledge and understanding of premium and claims processing systems and applications. Prior experience paying assessments and surcharges to various state and bureau funds. Knowledge of regulatory reporting and insurance industry practices for all Property/Casualty Commercial lines of business. Knowledge of NCCI and ISO data reporting requirements. Demonstrated analytical ability and good business judgment while handling multiple priorities. Experience using Windows, Microsoft Office Suite (Word, Excel, PowerPoint), Adobe/Nitro, SharePoint. Ability to communicate effectively and collaboratively (written and verbal) with all levels within the organization. College degree preferred (equivalent work experience would be considered).
Salary Range: $110,000– $165,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.
At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.
Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.
Summary
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:
Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution. Pharmacy benefits with mail order options. Dental benefits including orthodontia benefits for adults and children. Vision benefits. Health Care & Dependent Care Flexible Spending Accounts. Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children. Company-paid Disability benefits with very competitive salary continuation payments. 401(k) Retirement Savings Plan with competitive employer contributions. Competitive paid-time-off programs, including company-paid holidays. Competitive Parental Leave Benefits & Adoption Assistance program Employee Assistance Program Tax-Free Commuter Benefit Tuition Reimbursement & Professional Qualification benefits. Sompo is an equal opportunity employer committed to a diverse workforce. M/F/D/V Seniority level
Seniority levelMid-Senior level Employment type
Employment typeFull-time Job function
Job functionLegal IndustriesInsurance Referrals increase your chances of interviewing at Sompo by 2x Get notified about new Assistant Vice President Compliance jobs in
Charlotte, NC . Charlotte, NC $69,528.00-$74,219.00 2 days ago U.S. Anti-Money Laundering Compliance OfficerCompliance Manager, Regulatory Change Management Charlotte, NC $105,600.00-$198,000.00 3 days ago Charlotte, NC $153,600.00-$264,000.00 1 week ago Charlotte, NC $105,600.00-$198,000.00 1 week ago Charlotte, NC $62,000.00-$93,000.00 5 days ago Associate Manager, Transaction Monitoring ComplianceRegulatory Compliance, Centralized Licensing LeadTrade Compliance Manager – Regulatory Affairs – Charlotte, NC (Hybrid) Charlotte, NC $110,000.00-$140,000.00 1 week ago Risk Compliance Officer II - Compliance TestingVP, Compliance Product Officer - Enterprise Workforce Management - C13 (Charlotte, NC) Charlotte, NC $117,440.00-$176,160.00 1 week ago VP, Compliance Product Officer - Enterprise Workforce Management - C13 (Charlotte, NC) Charlotte, NC $117,440.00-$176,160.00 4 days ago Dangerous Goods Transportation Compliance Manager Charlotte, NC $120,682.00-$177,000.00 2 weeks ago Charlotte, NC $108,800.00-$204,000.00 1 day ago CACFP Compliance Specialist - North CarolinaHR Compliance Program Manager - Employee RelationsCorporate Compliance Analyst - Enterprise Flood Compliance Charlotte, NC $80,989.70-$115,360.00 1 month ago Charlotte, NC $115,726.00-$159,124.00 1 month ago Revenue and Contract Compliance Specialist Charlotte, NC $62,000.00-$93,000.00 1 week ago Senior Compliance Officer of Independent Risk Management, Senior Vice President Charlotte, NC $225,000.00-$337,500.00 4 months ago Compliance Exam, Audit, and Issue Manager Charlotte, NC $126,820.00-$149,200.00 1 week ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr
AVP, Compliance
role at
Sompo Join to apply for the
AVP, Compliance
role at
Sompo Get AI-powered advice on this job and more exclusive features. Are you looking for your next opportunity?
Ensure you read the information regarding this opportunity thoroughly before making an application.
Sompo has a unique opportunity for an Are you looking for your next opportunity?
Sompo has a unique opportunity for an
Insurance Compliance and Regulatory Reporting Manager
in our Insurance Operations team.
Location:
This position may be based out of our Charlotte, NC, Alpharetta, GA, or Morristown, NJ offices. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
Our Business, Your Impact, Our Opportunity
What you’ll be doing:
Job Summary:
The Insurance Regulatory and Compliance Reporting Manager is responsible for overseeing the development and management of the company's regulatory and compliance reporting function. This role involves ensuring the timely and accurate submission of regulatory reports, managing the reporting team, and collaborating with various departments to improve reporting processes and ensure compliance with industry standards.
Manage a team of analysts by overseeing the preparation of regulatory reports and filings and ensure timely and accurate submission. Manage submission of reports of premium and claims statistics to state insurance departments, NCCI, independent rating bureaus, and regulatory agencies. Monitor and interpret regulatory changes, circulars and bulletins and assess their impact on the organization. Manage and analyze complex States to ensure accurate payment of State and Bureau fund assessments and surcharges. Collaborate with internal stakeholders to integrate compliance requirements into business operations. Collaborate with cross-functional teams to research / resolve issues and respond to inquiries from regulatory agencies, NCCI, and independent rating bureaus. Coordinate regulatory audits and inspections. Conduct regular audits and assessments to ensure compliance with regulations. Liaise with vendors, state regulatory agencies, NCCI and ISO to ensure adherence to required data processes. Continuously seek opportunities to enhance compliance and regulatory processes and systems.
What You’ll Bring
8 + years experience preparing and submitting reports to state insurance departments, NCCI, and independent rating bureaus and regulatory agencies. Knowledge and understanding of premium and claims processing systems and applications. Prior experience paying assessments and surcharges to various state and bureau funds. Knowledge of regulatory reporting and insurance industry practices for all Property/Casualty Commercial lines of business. Knowledge of NCCI and ISO data reporting requirements. Demonstrated analytical ability and good business judgment while handling multiple priorities. Experience using Windows, Microsoft Office Suite (Word, Excel, PowerPoint), Adobe/Nitro, SharePoint. Ability to communicate effectively and collaboratively (written and verbal) with all levels within the organization. College degree preferred (equivalent work experience would be considered).
Salary Range: $110,000– $165,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.
At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.
Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.
Summary
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:
Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution. Pharmacy benefits with mail order options. Dental benefits including orthodontia benefits for adults and children. Vision benefits. Health Care & Dependent Care Flexible Spending Accounts. Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children. Company-paid Disability benefits with very competitive salary continuation payments. 401(k) Retirement Savings Plan with competitive employer contributions. Competitive paid-time-off programs, including company-paid holidays. Competitive Parental Leave Benefits & Adoption Assistance program Employee Assistance Program Tax-Free Commuter Benefit Tuition Reimbursement & Professional Qualification benefits. Sompo is an equal opportunity employer committed to a diverse workforce. M/F/D/V Seniority level
Seniority levelMid-Senior level Employment type
Employment typeFull-time Job function
Job functionLegal IndustriesInsurance Referrals increase your chances of interviewing at Sompo by 2x Get notified about new Assistant Vice President Compliance jobs in
Charlotte, NC . Charlotte, NC $69,528.00-$74,219.00 2 days ago U.S. Anti-Money Laundering Compliance OfficerCompliance Manager, Regulatory Change Management Charlotte, NC $105,600.00-$198,000.00 3 days ago Charlotte, NC $153,600.00-$264,000.00 1 week ago Charlotte, NC $105,600.00-$198,000.00 1 week ago Charlotte, NC $62,000.00-$93,000.00 5 days ago Associate Manager, Transaction Monitoring ComplianceRegulatory Compliance, Centralized Licensing LeadTrade Compliance Manager – Regulatory Affairs – Charlotte, NC (Hybrid) Charlotte, NC $110,000.00-$140,000.00 1 week ago Risk Compliance Officer II - Compliance TestingVP, Compliance Product Officer - Enterprise Workforce Management - C13 (Charlotte, NC) Charlotte, NC $117,440.00-$176,160.00 1 week ago VP, Compliance Product Officer - Enterprise Workforce Management - C13 (Charlotte, NC) Charlotte, NC $117,440.00-$176,160.00 4 days ago Dangerous Goods Transportation Compliance Manager Charlotte, NC $120,682.00-$177,000.00 2 weeks ago Charlotte, NC $108,800.00-$204,000.00 1 day ago CACFP Compliance Specialist - North CarolinaHR Compliance Program Manager - Employee RelationsCorporate Compliance Analyst - Enterprise Flood Compliance Charlotte, NC $80,989.70-$115,360.00 1 month ago Charlotte, NC $115,726.00-$159,124.00 1 month ago Revenue and Contract Compliance Specialist Charlotte, NC $62,000.00-$93,000.00 1 week ago Senior Compliance Officer of Independent Risk Management, Senior Vice President Charlotte, NC $225,000.00-$337,500.00 4 months ago Compliance Exam, Audit, and Issue Manager Charlotte, NC $126,820.00-$149,200.00 1 week ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr