Insurance Supervisor
newedgewealth
finance

Job Description:

Daily Responsibilities:

Key Responsibilities Supervisory Oversight Supervise and review insurance sales, recommendations, and applications to ensure suitability, proper documentation, and adherence to firm and regulatory standards. Oversee PPLI and variable product transactions, including due diligence on carrier and product selection, policy replacements, and private offering documentation. Monitor producer licensing, appointments, continuing education, and state-specific requirements to ensure all representatives maintain active authority to solicit and sell insurance. Review and approve new business submissions and correspondence related to insurance activities. Monitor and address potential conflicts of interest, outside business activities, and dual registration issues related to insurance sales. Identify, escalate, and remediate potential compliance or supervisory exceptions in coordination with the Compliance team. Conduct ongoing monitoring of insurance-related policies, procedures, and practices to ensure they remain current and compliant with evolving regulatory requirements. Compliance & Risk Management Maintain and update the Written Supervisory Procedures (WSPs) related to insurance business, including PPLI, variable annuities, and fixed products, with specific attention to investor control, diversification requirements under Section 817(h) of the Internal Revenue Code, Modified Endowment Contract (MEC) rules, and the use of only approved investments within insurance policies. Ensure compliance with FINRA Rule 2330 (Variable Annuities), SEC Regulation Best Interest, and applicable state insurance statutes. Coordinate with the Compliance and Operations teams to identify, escalate, and resolve potential supervisory or sales practice issues. Support advertising and marketing reviews for insurance content to ensure compliance with regulatory disclosure requirements. Training & Guidance Serve as subject matter expert and resource for NewEdge advisors on insurance product design, carrier selection, and compliance obligations for ultra high net worth clients. Provide ongoing training to registered representatives and staff regarding insurance supervision, suitability standards, and documentation of best practices. Promote alignment between the firm�s insurance investment advisory and brokerage insurance offerings to ensure consistency with fiduciary and best-interest standards. Coordination & Reporting Liaise with carriers, IMOs, and custodial partners to facilitate product approvals, operational workflows, and supervisory consistency. Prepare periodic supervisory reports summarizing trends, findings, and recommendations for senior management. Assist in examinations, audits, and inquiries by FINRA, the SEC, and state insurance departments.

Job Requirements:

Bachelor�s degree in Business, Finance, or related field (or equivalent work experience). Minimum of 5 years of experience in insurance supervision, compliance, or a comparable regulatory oversight role within a broker/dealer or dual-registrant firm. Deep understanding of insurance product structures, including PPLI, variable annuities, and high-net-worth estate and liquidity planning solutions. Strong knowledge of FINRA, SEC, and state insurance regulations governing insurance-related sales practices. Excellent written and verbal communication, analytical, and organizational skills. High attention to detail and ability to manage multiple concurrent supervisory priorities.

Compensation:

Salary Range: $120,000 - $140,000, based on experience.

Job Location(s):

Stamford, Connecticut (or New York City)

Source:

Company Career Section

Competition:

N/A

Is there an interview guide for newedgewealth?

Yes

Click Here for Company Interview Guide

Apply Now

By clicking on the apply button , the applicant will be redirected to original job posting