Head of Compliance

US-PA-Philadelphia

careers

Req #: 5398
Type: Regular Full-Time
logo

Berkshire Hathaway GUARD Insurance Companies

Connect With Us:
Connect To Our Company
				Overview:

Good things are happening at Berkshire Hathaway GUARD Insurance Companies. We provide Property & Casualty insurance products and services through a nationwide network of independent agents and brokers. Our companies are all rated A+ "Superior" by AM Best (the leading independent insurance rating organization) and ultimately owned by Warren Buffett's Berkshire Hathaway group - one of the financially strongest organizations in the world! Headquartered in Wilkes-Barre, PA, we employ over 1,000 individuals (and growing) and have offices across the country. Our vision is to be a leading small business insurance provider nationwide.

Founded upon an exceptional culture and led by a collaborative and inclusive management team, our company's success is grounded in our core values:  accountability, service, integrity, empowerment, and diversity. We are always in search of talented individuals to join our team and embark on an exciting career path!

Benefits:

We are an equal opportunity employer that strives to maintain a work environment that is welcoming and enriching for all. You'll be surprised by all we have to offer!

* Competitive compensation
* Healthcare benefits package that begins on first day of employment
* 401K retirement plan with company match
* Enjoy generous paid time off to support your work-life balance plus 9   paid holidays
* Up to 6 weeks of parental and bonding leave
* Hybrid work schedule (3 days in the office, 2 days from home)
* Longevity awards (every 5 years of employment, receive a generous monetary award to be used toward a vacation)
* Tuition reimbursement after 6 months of employment
* Numerous opportunities for continued training and career advancement
* And much more!

Responsibilities:

The Head of Compliance will be responsible for ensuring the Company's operations are conducted in accordance with the complex legal & regulatory requirements applicable to the property and casualty insurance industry.  Reporting to the General Counsel, the Head of Compliance will have the following responsibilities:

* Build and lead a modern, best-in-class Compliance Department for a growing $2 billion insurance company, focusing on commercial insurance across multiple lines of business.
* Responsible for developing, formalizing, and maintaining written policies and procedures to keep the business in compliance with both insurance and general corporate laws and regulations.
* Ensure adequate controls are in place to prevent, detect, and resolve compliance breaches.
* Engage 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.
* Responsible for leading company-wide compliance strategies in a federated model, with compliance subject matter experts embedded within business units.
* Monitor, review, research, and interpret applicable state regulations and regulatory changes; including communication and implementation of required regulatory changes.
* Engage with regulators and respond to regulatory inquiries, investigations, and market conduct issues in coordination with business units and the Legal 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.

Qualifications:

* 10+ years of experience in a compliance role at a primary insurance company
* Experience leading and managing teams of people
* Experience building compliance policies and procedures
* 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 with and established relationships with insurance regulators
* Deep knowledge of industry standards, customs and practices relating to compliance
* Law degree or equivalent experience
			
Share this job: