Insurance Company Licensing Specialist

Starr Insurance•New York, NY

1d•$70,000 - $80,000

About The Position

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress. The Insurance Company Licensing Specialist will primarily be responsible for assisting with key aspects of the Starr Companies’ (re)insurance company regulatory and licensing compliance function, both domestically and internationally. This entails the completion and tracking of (re)insurance company license applications and registrations, license and registration renewals, corporate amendment filings, the submission and tracking of affiliate transactions for prior approval, insurance company director and officer notifications, liaising with state insurance departments on information requests, inquiries, and other communications to maintain ongoing compliance in the domestic United States (including the District of Columbia, Puerto Rico, Guam, and the USVI) and internationally. This position will also support the Reinsurance Counsel with the filing and tracking of affiliate reinsurance contracts for prior approval with the state insurance departments and subsequent contract signatures, as needed.

Requirements

Strong attention to detail
The ability to work well both individually and in a team environment
The ability to handle multiple projects with varying degrees of urgency
The ability to build strong relationships with colleagues
Strong oral and written presentation skills
Strong research, writing, analytical, project management, organizational, interpersonal, and critical thinking skills
Application of conscientious and proactive approach to handling assignments with multiple deadlines with a high level of accuracy
Ability to use sound judgment, tact, and discretion when handling sensitive information and complex matters, and when spearheading various regulatory projects
Ability to follow established company workflows and guidelines
Proficiency conducting online legal and insurance related research

Nice To Haves

College degree
3-5 years of related regulatory/licensing experience within the insurance industry or legal experience preferred

Responsibilities

Research and analyze requirements for (re)insurance license and registration renewals for both domestic and international jurisdictions
Handle (re)insurance license and registration renewals to completion and submission
Liaise with insurance regulatory authorities and state insurance departments, law firms, and variety of internal stakeholders in connection with the foregoing
Track, handle, and record payments due to state insurance departments pursuant to state filing requirements in connection with U.S. insurance company regulatory submissions
Maintain up-to-date records of regulatory submissions, assessment fee payments, and renewals using individual tracking charts for the domestic insurance companies and for international licenses and registrations
Administer and oversee updates for biographical affidavits, including exhibits, for insurance company officers and directors
Research and analyze insurance company holding act statutes and regulations
Perform regulatory research and surveys on various insurance-related topics to respond to business needs
Handle daily volume of requests and inquiries in connection with insurance company filings, assessments, and fee payments, data calls, and variety of regulatory notices and bulletins
Maintain original and soft copies of (re)insurance company licenses and registrations
Complete special regulatory assignments, as assigned