Compliance Technician

Insurance Administrative Solutions•Clearwater, FL

About The Position

A Compliance Technician performs a variety of professional administrative tasks in support of the compliance function. Insurance Administrative Solutions (IAS) is a third-party provider of comprehensive administrative solutions for our clients in the insurance industry. We offer a business process outsourcing solution that helps insurers optimize administrative workload, bolster their industry expertise, leverage emerging technologies, and streamline operations. With strong industry knowledge, we deliver value to our customers by providing compassionate customer service, efficient processing, and quality results. Here at IAS, we embrace the fact that great things are only accomplished by working as a team. We believe that all of our employees have valuable input no matter the level. Our highly collaborative team environment offers each of our employees a place where they can excel.

Requirements

Bachelor’s degree or FLMI designation
Familiarity with Microsoft Office products
Ability to read and interpret documents such as procedure manuals and written handouts.
Excellent communication, documentation, and research skills
Ability to multi-task, prioritize, and manage time effectively and efficiently
Reliable transportation and the ability to be punctual and dependable
May have agent license but no active appointments

Nice To Haves

2-5 years of proven health/life insurance experience, preferred

Responsibilities

Monitors regulatory developments of assigned states and documents for weekly distribution.
Process Complaints/inquiries in a timely fashion in accordance to set procedures.
Assist with TPA License preparation documents for annual reporting and license renewals.
Respond to regulatory exam requests and market conduct exams as required.
Produce documents for dispute resolution and litigation support on a timely basis.
Create electronic records of filings, reports, complaints, and audits on behalf of multiple clients in the appropriate directories for record retention purposes.
Prepare and submit regulatory reporting requirements via SERFF and paper as required by line of business.
Research potential OFAC (Office of Foreign Assets) hits from Bridger XG software and assign alerts to the appropriate operations areas in accordance to set procedures.
Create word documents, draft letters, and memos.
Update excel spreadsheets.
Call and e-mail State Insurance Departments to obtain answers as needed.
Assist IAS client compliance departments with year-end data requests and policy data for reporting purposes.
Prepare and facilitate rate increase filings for clients.
Collect research on insurance related subjects of assigned states and release the weekly TRAX report on a rotating basis.