Senior Regulatory Counsel

Beazley · West Hartford · $200,000 (stated in the posting)

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Job description

Job Title:                     Senior Regulatory Counsel, Head of Regulatory, Products & Filings

Division:                      Compliance

Reports To:                 Head of North America Compliance & Regulatory Affairs

Key Relationships:     Internal:  Global Compliance team, Underwriting, Actuarial, Wordings, Risk Management, Operations, Finance.

                                    External:  State insurance department regulators with respect to admitted and surplus lines products, conduct, and operational expectations.

Job Summary:            The Senior Regulatory Counsel, Head of Regulatory, Product & Filings is responsible for the leadership, oversight, and strategic management of the Regulatory and Product & Filings teams across North America. The role provides legal and regulatory guidance on insurance products, underwriting practices, regulatory developments, and market conduct examinations. The position serves as a key advisor to business leadership and is responsible for ensuring effective regulatory compliance, timely product approvals, and alignment of business practices with applicable legal and regulatory requirements.

FLSA:                           Exempt

Key Responsibilities:

Leadership & Team Management

• Lead, manage, and develop colleagues within the Regulatory and Product & Filings teams, providing appropriate training, coaching, mentoring, and performance oversight.
• Oversee North American compliance activities within the Regulatory and Product & Filings functions and support broader compliance initiatives as required.
• Establish departmental priorities, workflows, and service standards to support business objectives and regulatory requirements.
• Promote a culture of regulatory excellence, collaboration, accountability, and continuous improvement.

Regulatory Affairs & Compliance

• Lead and oversee Regulatory Counsel in the monitoring, assessment, and communication of legislative, regulatory, and industry developments affecting Beazley’s business, ensuring effective regulatory risk management and stakeholder engagement.

• Provide practical legal and regulatory advice to management and business stakeholders regarding applicable federal and state insurance laws, regulations, and regulatory expectations.
• Provide regulatory oversight of underwriting practices across Beazley’s insurance and reinsurance operations.
• Liaise with underwriting and business leadership regarding compliance and regulatory issues affecting underwriting decisions and business operations.
• Advise on and support regulatory implications of strategic initiatives, acquisitions, new products, and program business opportunities.

• Conduct legal and regulatory research and provide written and verbal legal analyses, opinions, and recommendations.
• Review, draft, and advise on documents submitted to regulators or prepared in response to regulatory inquiries, subpoenas, examinations, investigations, and enforcement matters.
• Draft, review, and update policies, procedures, and governance documents within Compliance's remit.
• Review and approve marketing materials for regulatory compliance.

Product & Filings

• Oversee all aspects of product development, policy form, endorsement, and rate filing activities for admitted and surplus lines business.
• Direct the preparation, submission, negotiation, and management of regulatory filings with state insurance departments.
• Oversee the development and revision of policy forms, endorsements, rates, and state-specific modifications.
• Monitor filing activity and approval status to ensure timely review and implementation.
• Oversee responses to objections, questions, and requests from insurance regulators.
• Ensure filing approvals and regulatory requirements are accurately communicated and implemented within business processes and systems.
• Coordinate filing activity with internal stakeholders and external service providers to ensure efficient and timely regulatory approvals.

Regulatory Engagement & Examinations

• Manage regulatory inquiries, data calls, investigations, market conduct examinations, and other regulatory reviews.
• Lead regulatory communications and negotiations, including the resolution of filing objections and compliance-related matters.
• Escalate significant regulatory issues and risks to senior management as appropriate.

Training & Stakeholder Support

• Develop and deliver training programs on regulatory, legal, and compliance matters.
• Provide guidance and support to business stakeholders regarding regulatory requirements, product development, and compliance obligations.
• Foster strong partnerships across business functions to ensure regulatory considerations are incorporated into operational and strategic decision-making.

General:

At Beazley we are committed to doing the right thing because it is the right thing to do.  It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours – PIED and Being Beazley.  

• Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
• Comply with Beazley procedures, policies and regulations including the code of conduct.  Undertake training on Beazley policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.  This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.

• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.  These may include membership of any Beazley committees or working groups.

Personal Specifications:

Education and Qualifications

• Juris Doctor (JD) degree.
• Member in good standing of at least one state bar association.
• 10+  years in legal/compliance capacity supporting the property/casualty insurance industry

Skills and Abilities

• Able to communicate effectively with others, both verbally and in writing
• Motivational skills, team worker as well as able to work on own initiative
• The ability to manage time, meet deadlines and prioritise
• Proficiency in Microsoft Office applications.

Knowledge and Experience

• Strong knowledge of both the admitted and surplus lines insurance markets and regulatory environment
• 10+ years management experience in a rapidly changing, multinational, multicultural environment
• Strong relationships with state insurance department personnel
• Understanding of the need for accurate and timely management information
• Knowledge and experience in performing regulatory research and reviewing, analyzing and evaluating relevant statutes, regulations and other regulatory materials

Aptitude and Disposition

• Outcome focused, self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with managers/colleagues/external suppliers and regulators

Competencies

• Achievement drive
• Customer focus
• Team working
• Strong written and verbal communication skills
• Attention to detail
• Organization and time management
• Ability to negotiate with both internal and external parties
• Firm but diplomatic
• Friendly and approachable
• Professionalism and Integrity

The Rewards

• The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization
• Attractive base compensation and discretionary performance related bonus
• Competitively priced medical, dental and vision insurance
• Company paid life, and short- and long-term disability insurance
• 401(k) plan with 5% company match and immediate vesting
• 22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
• Up to $700 reimbursement for home office setup
• Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance
• Up to 26 weeks of fully paid parental leave
• Up to 2.5 days paid annually for volunteering at a charity of your choice
• Flexible working policy, trusting our employees to do what works best for them and their teams

Salary for this role will be tailored to the successful individual’s location and experience. The expected compensation range for this position is to circa $200,000 per year plus discretionary annual bonus.

Don’t meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles. 

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