NewEdge Wealth · 15 hours ago
Insurance Supervisor (Compliance)
New York, NY
Full-time
Onsite
Mid, Senior Level
$120K/yr - $140K/yr
5+ years expNewEdge Wealth is part of EdgeCo Holdings, providing technology-enabled solutions and support services to financial advisors. The Insurance Supervisor is responsible for overseeing insurance business activities, ensuring compliance with regulations, and providing guidance to staff on insurance products and practices.
FinanceFinancial ServicesWealth Management
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
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
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
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
Qualification
Required
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
Benefits
Health
Dental
Vision
Short-term disability
Long-term disability
Life insurance
PTO
401(k) match (after applicable waiting periods)
Company
NewEdge Wealth
NewEdge Wealth is a wealth management company that delivers customized wealth strategies.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Rob Sechan
Chief Executive Officer
Jeffrey Kobernick
Co-Founder and Managing Partner
Recent News
2025-09-22
Company data provided by crunchbase