Property and Casualty Regulatory Analyst

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 170 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.

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

$67,000.00 - $110,600.00

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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 Analyst, Regulatory & Filing, you will develop and prepare filings to achieve business unit objectives and gain regulatory approval. You may also be involved in providing information for non-financial market regulatory activities.

What Will You Do?

• Prepare, submit, negotiate the terms, secure approval, and resolve any issues that arise for rule, rate, and form filings.
• May assist in providing information for non-financial market regulatory activities, including market conduct exams, interrogatories, surveys, and data calls.
• Support and provide direction to the business units when responding to filing issues, data requests and criticisms from regulatory agencies.
• Analyze state insurance statutes and regulations to determine changes to product design, development and filing requirements, and inform adjustments to current practices accordingly. May partner with legal when appropriate.
• Establish and develop partnerships with regulatory bodies and internal business partners such as actuarial, underwriting, product and legal.
• Assist in optimizing regulatory tools and databases by incorporating the latest regulatory changes, industry standards and policy adjustments to enable informed decision-making and adhere to regulatory requirements.
• Assist in the coordination of regulatory and filing projects, track progress, and support the team in meeting deadlines.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor’s degree.
• Two or more years of experience with working knowledge of regulatory/compliance requirements, knowledge of insurance products within line of business, filing, and or related fields.
• Verbal and written communication skills to present complex regulatory issues, skillfully negotiate and foster collaboration across all levels of the organization.
• Efficient prioritization skills to ensure resources are allocated accordingly and critical projects are completed on time.
• Relationship management skills to build and foster productive partnerships with internal and external business partners.

What is a Must Have?

• Bachelor’s Degree or equivalent combination of education and experience.