Address
Form of work
SalaryWant to work for a company that offers excellent opportunity combined with a worthwhile mission? Navy Mutual is that company and we are looking for talented people to join our team!
As a Director of Product Development & Training for Navy Mutual you will play a critical role in ensuring the compliance of sales, marketing, and new business activities, protecting the Association’s interests, and maintaining a strong compliance culture within the organization. The Director of Product Development & Training will maintain effective relationships with industry organizations and other external stakeholders to stay abreast of regulatory developments and industry trends.
We are not just looking for anyone… we are looking for the right person to bring their professionalism and knowledge to our team.
What will you be doing?
Product Development
- The Director of Product Development & Training will partner closely with Product Development consultants and internal stakeholders, including the Actuary and Sales teams, with the goal of facilitating the successful launch of new products in a manner that is both efficient and compliant with regulations.
- In concert with the Director of Compliance, the Director of Product Development & Training will also develop, implement, and maintain a comprehensive sales, marketing and new business compliance program that aligns with relevant laws, regulations, and internal policies, with particular emphasis on federal consumer protection laws, Virginia laws and regulations and the National Association of Insurance Commissioners (NAIC) model rules.
- The Director of Product Development & Training will oversee the Association’s training and development program and will foster an environment that ensures employees possess the necessary knowledge and skills to comply with applicable laws, regulations, and Association policies.
- Bachelor's degree or equivalent in business, finance, insurance, law, or a related field.
- Minimum of 10 years of experience in insurance compliance or a related role in the insurance industry, preferably with a focus on life insurance and annuities.
- Professional certifications related to compliance are desired but not required (e.g., Associate Compliance Professional (ACP), Certified Compliance Professional (CCP), or Associate, Insurance Regulatory Compliance (AIRC).
- Strong and demonstrated understanding of applicable laws, regulations, and industry standards related to life insurance and annuities products, including the Interstate Insurance Compact and NAIC model rules and regulations.
- A strong history of excellent analytical, problem-solving, and decision-making skills.
- Ability to work independently and collaboratively and manage multiple tasks and priorities in a fast-paced environment while producing high-level work product.
- Strong communication skills, both written and verbal, with the ability to effectively communicate complex compliance concepts to diverse audiences.
- Proven ability to build and maintain positive relationships with internal and external stakeholders.
- Detail-oriented with strong organizational and time management skills.
- Salary based on experience
- Job Type: Full-time
- Salary Range for Grade: $151,129.37 to $241,806.99 per year
- Discretionary bonus, subject to Board approval: For 2024, up to 23% of base compensation (capped at $40K)
- Benefits:
- 401(k)
- 401(k) matching
- Discretionary 401K contribution after 12 months of qualifying service
- Dental insurance
- Health insurance
- Vision insurance
- Life insurance
- Paid time off
Inspired by the history and character of our own Members, Navy Mutual naturally promotes a strong, hardworking culture. Our staff, leadership, and Board members continuously strive to provide exceptional service and expert guidance to Navy Mutual Members, servicemembers and their families. Navy Mutual is committed to fostering, cultivating, and preserving a culture of diversity and inclusion, and embraces the characteristics that make our employees unique. We understand the collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, unique capabilities, and talent that our employees invest in their work represents a significant part of not only our culture, but Navy Mutual’s reputation and success as well.
