Insurance Supervisor

Position Summary

The Insurance Supervisor is responsible for the day-to-day supervision and oversight of insurance business conducted. This includes Private Placement Life Insurance (PPLI), variable and fixed life and annuity products, as well as health and property & casualty lines. This role ensures that all insurance activity across the platform adheres to applicable FINRA, SEC, and state insurance regulations, as well as firm policies and procedures. The Insurance Supervisor will work closely with the firm’s compliance, operations, and investment teams to promote a culture of accountability, transparency, and client-first conduct.

Key Responsibilities

• 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.
• Support advertising and marketing reviews for insurance content to ensure compliance with regulatory disclosure requirements.
• Serve as subject matter expert and resource for 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.
• 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.

Qualifications

• 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.
• FINRA Series 7 and Series 24 (General Securities Principal) required.
• Active state insurance producer licenses for the following lines: Life Insurance and Annuities, Health and Accident, Property & Casualty