Compliance Specialist

CopperPoint Insurance Companies•Boston, MA

31d•$70,000 - $90,000•Hybrid

About The Position

CopperPoint has an exciting opportunity for a Compliance Specialist. In this role, you'll help develop and administer an effective regulatory compliance program that ensures adherence to state regulatory and statutory requirements. You'll research and resolve compliance issues, communicate with regulators, and support the organization's commitment to maintaining a strong culture of compliance while partnering with internal teams to identify risks, implement solutions, and promote regulatory best practices.

Requirements

Bachelor’s Degree and a minimum of 1-year previous experience in corporate compliance, legal, risk management, insurance compliance or internal audit environment preferred.
Corporate regulatory compliance experience is a strong plus.
Research skills to perform legal and compliance research using online insurance and legal resources
Organizational skills to effectively and efficiently work with large volumes of documents and data
Ability to analyze complex compliance issues, evaluate alternatives, and recommend creative solutions
Effective presentation skills
Teaming skills
Strong analytical skills with the ability to successfully manage and prioritize multiple tasks
Advanced skill in Excel, Adobe Acrobat and Microsoft Word, including redlining/tracked changes to contracts during negotiations.
Proficient with collaboration software including Teams and SharePoint.
Self-driven with a desire to independently expand knowledge on relevant legal, compliance and business topics
Strong initiative and problem-solving skills
Detail oriented
Research and analytical skills
Willingness to research unfamiliar areas and gain expertise
Ability to maintain strict confidentiality of sensitive information
Strong work ethic with ability to work independently

Responsibilities

Participates in the administration and oversight of compliance programs for all jurisdictions and product lines written by CopperPoint
Works with the CCO, VP Compliance, Legal Compliance team and Compliance Oversight Committee to assist CopperPoint departments to develop and implement compliance programs that include: identification of applicable regulatory requirements, creating control plans to ensure compliance, monitoring for changes to compliance requirements, identifying areas of non-compliance and implementing and tracking actions to restore compliance
Assists in coordinating and administering licenses held by the CopperPoint group and in making required filings to maintain those licenses with state insurance departments, secretaries of state, corporation commissions, etc.
Coordinates and maintains log of responses to regulatory matters and/or inquiries from regulators
Works with attorneys and Compliance team to research, document, communicate and track compliance-related legal and regulatory changes and information arising from bulletins and other information issued by regulatory and non-regulatory authorities (including APCIA, NAMIC, NAIC, NCCI, ISO and AAIS) affecting lines of business written by CopperPoint and follows up to ensure implementation of necessary changes
Assists in reviewing new and revised insurance products, policies and other required forms to ensure compliance with state regulatory and statutory requirements and in making required filings
Assists in coordinating regulatory examinations and audits (i.e. financial exams, market conduct exams) and responses to data calls and surveys
Manages regulatory/compliance software as needed
Perform other compliance, legal and administrative tasks
Supports the Compliance Committee, ad-hoc and special projects
Helps to develop, implement and continually improve processes and procedures
Prepares reports and metrics for the compliance team, as needed
Agency appointments made consistent with industry standards