Compliance and Filings Specialist

Purpose

Compliance is a core service at AAIS and critically important to our affiliated companies. In this position, you will obtain required state insurance department approvals for filed rates/loss costs, rules and forms. You will team with experts in the insurance industry and become knowledgeable of personal and commercial lines of insurance.

Job Responsibilities

• Process initial submissions with state insurance departments for new or revised AAIS programs.

• Process objection responses with the appropriate internal staff.

• Follow-up regularly with state insurance departments regarding status of pending filings to achieve approval.

• Quote, process and bill custom filings.

• Manage the entire process with internal staff, company and state departments.

• Draft and process appropriate bulletins, including all their components.

• Update and maintain sections of the AAIS Compliance Guide as assigned.

Requirements

• College preferred, but not required.

• Knowledge of insurance products and terminology required.

• Superior attention to detail and ability to manage multiple details and projects simultaneously.

Resumes may be emailed to: karens@aaisonline.com  

Commercial Lines Product Development

The commercial lines product development specialist position is responsible for the development, implementation, and maintenance of AAIS commercial lines insurance products.

Job Responsibilities

1. Conduct research and analysis on competitor products, market needs, and emerging issues and make recommendations for changes or additions to AAIS commercial lines products.
2. Develop policy language, rules, and other supporting materials for AAIS commercial lines products.
3. Work closely with compliance staff, review regulatory issues and determine their impact on AAIS commercial lines products.
4. Interact with various AAIS staff and users of AAIS products with respect to marketing and systems support.
5. Communicate background information and explanatory material associated with AAIS product changes to affiliated companies, prospects, regulators, and others.

Competencies

1. Knowledge of industry-standard commercial lines programs of insurance, including knowledge of coverage concepts, policy language, rating procedures, and underwriting philosophies. Will consider candidates with strong knowledge of personal lines programs.
2. Product development experience with strong analytical and technical writing skills.
3. Excellent communication and other interpersonal skills.
4. Superior attention to detail with proficiency in the use of Microsoft word.

Education and Experience

1. Bachelors degree, with insurance coursework a plus (ie. CPCU, J.D. or paralegal)
2. Three to five years of insurance industry experience, including experience in writing policy language

Contact: Karen Sheridan, Manager, Human Resources
karens@aaisonline.com
1745 S. Naperville Road
Wheaton, IL 60189
Phone: 630.681.8347

Associate Actuary

The American Association of Insurance Services (AAIS), an insurance advisory organization with over 50 years of service to the insurance industry, is seeking an Associate Actuary.

We provide countrywide product and rating information for twenty six property/casualty lines of insurance and take pride in our service and responsiveness to the needs of 700 property/casualty insurance companies.

As a statistical agent, AAIS collects large amounts of industry loss experience totaling in billions of annual written premium for major P&C insurance lines. To develop a comprehensive view of insurance risk, AAIS licenses catastrophe modeling software and software for multivariate analysis.

AAIS actuarial group consists of five highly motivated employees with diverse background and strong focus on delivering quality work products for our affiliated companies.
We are looking to fill a vacated position responsible for pricing commercial lines of insurance.

A successful candidate must have in-depth knowledge and hands on experience with the application of standard actuarial methods and be willing to learn new techniques. Such an individual must have solid understanding of key statistical concepts such as analysis of variance and regression techniques.

In pricing various insurance coverages, an Associate Actuary will be expected to perform hands on work with large volume of industry loss experience data, use catastrophe modeling software to calculate catastrophe loads, and apply generalized linear modeling techniques to develop and refine rating plans.
 

Reporting to the chief actuary,
your job responsibilities include

• Pricing commercial lines of insurance including commercial property, commercial liability and BOP
• Research and development
• Preparation of actuarial documentation for commercial lines filings
• DOI communication and negotiation
• Project management

Job Requirements

• Completion of five actuarial exams, ACAS designation preferred
• 5 years pricing experience in property/casualty commercial lines
• Possess well developed technical skills, SAS experience preferred
• Exhibit excellent written communication skills and experience with P&C filings
• Proven track record of creativity and problem solving skills

Resumes may be submitted to: karens@aaisonline.com

We offer a competitive compensation and benefits package, a flexible work schedule, and a business casual work environment. Our office is conveniently located in Wheaton, IL. (25 miles west of downtown Chicago) with close proximity to I-88, I-355 and Routes 38 and 56.

To explore career opportunities at AAIS, please submit your resume and salary requirements to:

AAIS Human Resources
1745 S. Naperville Road
Wheaton, IL 60189-5898
Fax: (630) 690-7117

Email: hr@AAISonline.com

AAIS is an equal opportunity employer