Insurance Licensing Compliance Coordinator

Hub International•Berkeley Heights, NJ

52d•$45,000 - $55,000•Hybrid

About The Position

About Specialty Program Group: Specialty Program Group (SPG) is the wholesale & MGA division of HUB International (5th Largest Global Broker). SPG acts in a holding company capacity acquiring best in class underwriting businesses to operate independently under discrete brands (portfolio companies). Key Responsibilities: Manage licensing activities and requirements for Specialty Program Group to ensure continuous compliance with all states. Manage and communicate changes in state regulatory requirements to impacted SPG employees. Perform regulatory research to determine requirements for new states, and/or new coverages as business verticals expand. Process new & renewal licensing applications for employees, business entities, managing general agencies, risk purchasing groups, third party administrators and other required licensed entities. Process required affiliation endorsements and changes for existing employees and newly acquired business partners. Communicate with employees regarding license application data requirements, continuing education, and regulatory inquiries to facilitate the licensing process. Monitor and maintain current producer licenses, affiliations, and appointment data in an internal database. Process new appointment requests and terminations for Specialty Program Group employees. Coordinate the appointment activities for third party brokers and carrier relationships as assigned. Manage annual compliance follow up activities to support contract requirements as assigned. Process surplus lines tax activities as assigned.

Requirements

Associate degree or equivalent combination of education and experience
2 years professional work experience
Knowledge of insurance industry, licensing and contracting, appointment functions.
Microsoft Office proficiency with an emphasis in Excel
Strong project management analytical skills
Must have exceptional attention to detail.
Excellent communication and interpersonal skills
Ability to prioritize and execute tasks independently in a fast-paced environment

Responsibilities

Manage licensing activities and requirements for Specialty Program Group to ensure continuous compliance with all states.
Manage and communicate changes in state regulatory requirements to impacted SPG employees.
Perform regulatory research to determine requirements for new states, and/or new coverages as business verticals expand.
Process new & renewal licensing applications for employees, business entities, managing general agencies, risk purchasing groups, third party administrators and other required licensed entities.
Process required affiliation endorsements and changes for existing employees and newly acquired business partners.
Communicate with employees regarding license application data requirements, continuing education, and regulatory inquiries to facilitate the licensing process.
Monitor and maintain current producer licenses, affiliations, and appointment data in an internal database.
Process new appointment requests and terminations for Specialty Program Group employees.
Coordinate the appointment activities for third party brokers and carrier relationships as assigned.
Manage annual compliance follow up activities to support contract requirements as assigned.
Process surplus lines tax activities as assigned.