Compliance & Product Specialist

Overview

This role is 100% remote, with priority given to candidates in eastern and central time zones.

Travel required: Less than 10%.

Note: This position is not eligible for visa sponsorship; applicants must have authorization to work in the United States.

Responsibilities

• Review coverage forms and endorsements across all Property and Casualty lines of business (including Commercial General Liability, Commercial and Personal Auto, Commercial and Personal Inland Marine, Commercial Property, Professional Liability, Management Liability, Cyber, and Homeowners) to ensure underwriting intent and compliance with state requirements.
• Review and interpret new or revised laws, regulations, bulletins, and regulatory publications applicable to assigned business as directed.
• Manage and monitor assigned programs according to business standards and the regulatory environment, including meetings and email communication with general agents.
• Conduct initial due diligence for new program business, including compliance with OFAC, TRIA, cybersecurity laws, record retention laws, policy issuance, cancellation/non-renewal laws, motor carrier and DMV automobile filings, and other regulatory compliance requirements; provide ongoing compliance oversight after program implementation.
• Partner with Underwriting during implementation and launch phases for new business and renewal phases for existing business by:
  • Communicating compliance and product findings from due diligence to the assigned underwriter
  • Supporting coverage intent, coverage form and endorsement language, underwriting guidelines, program launch, and ongoing program monitoring.
• Partner with Actuarial during implementation and launch phases for new business and renewal phases for existing business by reviewing rating and associated rules for coverage forms and endorsements.
• Work with Actuarial and Accounting to identify and gather data needed to respond to state data calls and regulatory reports.
• Manage third-party vendors’ filing work, including overseeing filing preparation, signing off on final filing packages, reviewing state objections, escalating objections to Underwriting and Actuarial, and communicating filing approvals to internal stakeholders.
• Perform due diligence and compliance audits on program business; produce audit reports and communicate findings to Legal, Underwriting, Actuarial, and external general agents.
• Complete ad hoc compliance research and related projects.

Requirements

• Bachelor’s degree.
• 7+ years of related experience.
• Prior Property and Casualty program business experience, including admitted and non-admitted regulatory environments.
• Experience drafting coverage forms and endorsements.
• Juris Doctorate from an accredited law school and currently licensed to practice law in at least one U.S. jurisdiction is desired.
• Strong written and verbal communication skills.
• Ability to summarize information clearly and concisely.
• Ability to effectively organize, prioritize, and meet deadlines for multiple, simultaneous projects.
• Strong analytical ability to review contracts, underwriting guidelines, and policy wording.

Compensation & Benefits

• Medical, dental, vision insurance
• 401k retirement options
• Group life, AD&D, and short-term and long-term disability
• Health Savings Accounts and Flexible Spending Accounts
• Employee Assistance Program
• 100% remote workforce, flexible schedule, and paid holidays
• Annual professional development stipend
• Company offsites to collaborate and have fun in person