Retailer Insurance Manager

Love.

It's what makes Subaru, Subaru®.

And as a leading auto brand in the US, we strive to be More Than a Car Company®.

Subaru believes in being a positive force in the communities in which we live and work, not just with donations but with actions that set an example for others to follow.

That's what we call our Subaru Love Promise®.

Position Summary

As the Retailer Insurance Manager, you will oversee the development, marketing, administration, and compliance of Subaru Equity Shield (SES) insurance products in collaboration with the F&I Development Manager.

These products, written in partnership with insurance companies and reinsured through Pleiades (Subaru of America's captive insurance company), include GAP, Tire & Wheel, Dent & Ding, Windshield, and Key coverage.

Additionally, you will ensure insurance compliance for Subaru Added Security (SAS) across all states and manage various aspects of the Retailer Reinsurance program, including financial analysis, compliance, and operational oversight.

Major Responsibilities


* Ensures insurance compliance for Subaru Added Security (SAS), which includes the following:
+ Monitors state laws, determines their effect on SAS, and accordingly secures licenses and approval on coverage changes, new forms, and rates as well as changes to existing forms.

Applies state-specific regulatory considerations to include Subaru of America, Inc.

(Washington) and Subaru Extended Services Company LLC (Florida).
+ Makes required changes in Certified Pre-Owned (CPO) agreements based on subject matter expertise and assessment of the industry and the regulatory environment as well as input from Sales Department, reviews agreements with outside counsel, and proofreads documents to ensure that all changes have been completed in final forms.
+ Maintains responsibility for the preparation of state filings for submission to the state and forms filings to Finance & Insurance (F&I) Sentinel (lenders' forms approval for retailers).
+ Manages Contractual Liability Insurance Policy (CLIP) and Letters of Credit.


* Manages the following aspects of Equity Shield insurance products to Subaru retailers and customers:
+ Monitors and assesses financial results of the program including commissions, incentive funds, and expenses.
+ Reviews, aggregates, and summarizes data prepared by Analyst (including sales results, underwriting results, coverages, and claims handling) and makes recommendations to F&I Development Manager to increase penetration of Subaru Equity Shield (SES) at Subaru retailer level and to increase profitability of SES.
+ Decides coverage changes and updates upon review of recommendations from vendors and outside counsel as well as own professional experience and judgment and application of Subaru's product philosophy.
+ Monitors cancellations and claims denials to ensure appropriate handling.


* Serves as project manager of t...