Compliance Analyst
About The Position
This position will support both the Compliance leaders in both admitted and surplus lines programs. The analyst will be responsible for (i) issuing policies, certificates and supporting materials and (ii) filing and interacting with State Insurance Departments when necessary. In addition, this position will monitor insurance regulatory changes impacting the compliance requirements of our companies, product filings, or distributing agents, including communications internally and externally to MGUs and TPAs. Lastly, the analyst will be responsible for testing certificate programming and rate verification while tracking the implementation of new forms and rates.
Requirements
- Bachelor's degree or equivalent experience
- At least 3 years' of experience in insurance compliance
- General understanding of insurance products offered and business structure
- Ability to work well both independently and in a team environment
- Ability to organize and manage work to meet project and compliance deadlines for multiple projects and tasks simultaneously
- Ability to analyze issues, problem solve and recommend actionable responses – keen attention to detail necessary
- Ability to communicate and interact appropriately and professionally with internal/external customers, executive management in writing, in person and on the telephone
- Excellent document preparation and proofing skills
- Organized individual who is proficient at tracking projects and enforcing internal deadlines with external stakeholders
- Proficient in Microsoft Word, Excel and Outlook
- Ability to preserve and protect proprietary and confidential information
Nice To Haves
- AINS, CPCU preferred
- SERFF experience preferred
Responsibilities
- For admitted P&C and Life programs, file forms and rates with State Insurance Departments for approval and interacting with those Departments as required
- For surplus lines E&S programs, completing compliance reviews to ensure requirements are satisfied and appropriately documented
- Monitor State Insurance Department bulletins and regulatory changes and communicate any such changes to underwriting teams and independent agents and brokers
- Familiarity with State Insurance Department rules and regulations and provide guidance to underwriters, licensing and other teams
- Input policy forms and underwriting data in appropriate systems
- Responsible for the coordination, preparation and distribution of bulletin notifications as required
- Assist the compliance team on projects to ensure completion within in the projected target dates
- Policy issuance, depending on the type of insurance program
- Support of software programs that retain and report insurance business
- Other duties as assigned
Benefits
- Full benefit package including medical, dental, life, vision, company paid short/long term disability, 401(k), tuition assistance and more
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
