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Business Insurance Product Compliance Consultant

Hartford, Connecticut

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 160 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.

Job Category

Product Management/Pricing

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
$58,000.00 - $95,700.00

Target Openings

1

What Is the Opportunity?

This position is responsible for executing compliance policies and procedures and compliance quality reviews; generating compliance related metrics and scorecards, running compliance monitoring reports, researching fallout/outliers, and creating management information to ensure compliance with applicable state requirements and internal guidelines. Monitors the business areas to ensure compliance with statutory requirements relevant to the area. As applicable, interacts with internal business partners such as product, underwriting, regulatory affairs, IT, operations, and legal/compliance to resolve or clarify any compliance matters.
Primary Job Duties & Responsibilities

Regulatory Intake Management:
  • Intake, importing, and distribution of daily Circular Log activity
  • Ownership of procedures, best practices, and ongoing process optimization
  • Development of metrics/activity monitoring and reporting
  • Database/Sharepoint security, access monitoring, and rules maintenance

Compliance Monitoring and Oversight:
  • FRM reporting and metrics
  • Ad hoc compliance related research/projects
  • Performs compliance monitoring and quality assurance reviews
  • Assist with detailed evaluations of a department's adherence to compliance requirements
  • Corresponds with internal business areas to address any potential compliance issues and concerns
  • Provides guidance on and updates the content of various compliance procedures
  • Supports compliance related projects or process re-design
  • Performs other related duties as assigned
Minimum Qualifications
  • Minimum of 3 years of related professional compliance experience is required.

Education, Work Experience, & Knowledge
  • Bachelor's Degree preferred.
  • 4+ years of related experience preferred.

Job Specific Technical Skills & Competencies
  • Excellent verbal and written communication skills.
  • Alliance building.
  • Ability to work independently.
  • Ability to interact effectively with all levels of employees and agencies.
  • Integrity and confidentiality.
  • Business knowledge, including knowledge of business line products and procedures.
  • Detail oriented, yet able to set priorities.
  • Analytical and research skills.
  • Ability to work independently as well as with others in a team environment.
  • Proficient with Sharepoint, Cognos, Excel, and Powerpoint
Travelers offers a hybrid work location model that is designed to support flexibility. #LI-Hybrid

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.

About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.