Head of Compliance

Title: Head of Compliance

Location: US-PA-Wilkes-Barre | US-NJ-Parsippany | US-PA-Philadelphia

Wilkes Barre United States

Job Description:

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 ½ 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