POSITION OVERVIEW

This position is responsible for leading and managing the preparation of rate/rule/form filings/marketing materials for submission to regulators. The Compliance Manager is responsible for coordinating with various departments on the filings related to the Company’s products to ensure they are done accordance with applicable laws, statutes, and regulations.  This role requires a subject matter expert who has extensive knowledge and experience in the requirements surrounding the filing and reviewing of life insurance related products with various state and federal regulators.  This position can be located in either our home office in Horsham, PA or the Hartford, CT area.  If located in CT, person will need to travel to Horsham, PA on a regular basis.

RESPONSIBILITIES 

• Manages a team that is responsible for the preparation and submission of rate, form, and other filings with varying regulators including state departments of insurance
• Oversees the review of filing revisions for compliance with various state and federal laws and regulation
• Monitors submitted filings and communicate any status changes or insurance department inquiries.
• Collaborates with various departments to respond to inquiries of state departments of insurance
• Coordinates with advertising, product management, product implementation and actuarial staff to ensure smooth and timely implementation of the new products
• Drafts, as necessary, policy forms and other related forms with state departments of insurance
• Interacts with state departments of insurance and actuarial staff to secure approval of new products
• Reviews state’s submission requirements to determine necessary documentation required for the filing prepare and submit, via SERFF, all new forms, rates and rules filings in states
• Participates in audits of our insurance program
• Researches life insurance regulations and statutes both pending and enacted
• Coordinates the support of home office departments by providing information regarding current and previously issued forms
• Complies with all company and site policies and procedures
• Remains current in profession and industry trends
• Successfully completes regulatory and job training requirements
• Performs other duties as assigned

Required Skills

• Ability to research issues pertaining to state filing requirements
• Strong attention to detail and ability
• Excellent organizational skills with the ability to handle multiple tasks simultaneously
• Excellent verbal and written communication skills
• Must be a team player/contributor, and also have the ability to work independently
• Proven proactive relationship builder
• Ability to make a positive contribution as demonstrated by learning new skills and making suggestions for process/procedure improvement
• Ability to work with others in a collaborative team environment

Required Experience

• 5-10 years of relevant experience
• Strong knowledge of federal and state regulations pertaining to insurance and pertinent state insurance codes
• Knowledge of life insurance and annuity products
• Knowledge of the SERF filing system required

 EDUCATION/LICENSES/PROFESSIONAL DESIGNATIONS 

• Associate’s or Bachelor’s degree and relevant work experience

SALARY LEVEL = 22

ALL ASSOCIATES EXEMPLIFY OUR PENN MUTUAL VALUES: 

ACTING WITH INTEGRITY—We have the conscious intention to do the right thing.

RESPECTING ONE ANOTHER—We see each other’s distinctiveness as a valued asset.

FOCUSING ON RELATIONSHIPS—We foster meaningful connections with others.

SUSTAINING OUR LEGACY—We are trusted guardians for what we promise.

A SHARED SENSE OF BELONGING—We evoke our place as part of a world that we influence and influences us.

FOR LEADERSHIP ROLES WITHIN PENN MUTUAL, WE BELIEVE THE BELOW CHARACTERISTICS ARE ESSENTIAL: 

EXECUTION FOCUSED—Gets it done.  Drives progress and results towards strategic objectives.

STRATEGIC–Sees the big picture. Challenges boundaries, takes risks and innovates to execute and advance Penn Mutual’s strategy.

AUTHENTIC–Keeps it real. Is principled, transparent, trustworthy and accountable.

DECISIVE – Makes the call. Demonstrates courage, confidence and a bias for action.

EMPOWERING – Develops people. Sets clear expectations, delegates effectively and encourages risk taking.

INFLUENTIAL – Sets the tone. Inspires, motivates and persuades others through their decisions and actions.

PENN MUTUAL IS COMMITTED TO EQUAL EMPLOYMENT OPPORTUNITY (EEO). WE PROVIDE EMPLOYMENT AND ADVANCEMENT OPPORTUNITIES TO ALL QUALIFIED APPLICANTS AND ASSOCIATES, ACCORDING TO APPLICABLE LAWS. THIS IS REFLECTED IN OUR PRACTICES FOR HIRING, PLACEMENT, PROMOTION, TRANSFER, DEMOTION, LAYOFF, TERMINATION, RECRUITMENT, COMPENSATION, SELECTION OR TRAINING, AND ALL OTHER TERMS AND CONDITIONS OF EMPLOYMENT.  ALL EMPLOYMENT-RELATED DECISIONS AND PRACTICES ARE FREE FROM UNLAWFUL DISCRIMINATION.  THIS INCLUDES: RACE, CREED, COLOR, NATIONAL ORIGIN, ANCESTRY, CITIZENSHIP AGE, GENDER (INCLUDING PREGNANCY), SEXUAL ORIENTATION, GENDER IDENTITY OR EXPRESSION, DOMESTIC PARTNERSHIP OR CIVIL UNION STATUS, MARITAL STATUS, GENETIC INFORMATION, DISABILITY, RELIGIOUS OBSERVANCE OR PRACTICE, LIABILITY, VETERAN STATUS OR ANY OTHER CLASSIFICATION PROTECTED UNDER APPLICABLE LAW.

LEADERS MAY, AT THEIR DISCRETION, CHANGE THE RESPONSIBILITIES IN THIS POSITION DESCRIPTION AT ANY TIME DUE TO REASONABLE ACCOMMODATION AND/OR OTHER BUSINESS REASONS.

ABOUT THE PENN MUTUAL LIFE INSURANCE COMPANY

Penn Mutual is committed to helping people live life with confidence. At the heart of this purpose is the belief that life insurance is central to a sound financial plan. Through our network of trusted financial professionals, we are dedicated to helping individuals, families and businesses achieve their dreams. Penn Mutual supports its financial professionals with retirement and investment services through its wholly owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA/SIPC. Visit Penn Mutual at www.pennmutual.com.

• Ability to research issues pertaining to state filing requirements
• Strong attention to detail and ability
• Excellent organizational skills with the ability to handle multiple tasks simultaneously
• Excellent verbal and written communication skills
• Must be a team player/contributor, and also have the ability to work independently
• Proven proactive relationship builder
• Ability to make a positive contribution as demonstrated by learning new skills and making suggestions for process/procedure improvement
• Ability to work with others in a collaborative team environment