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ProfileProperty and Casualty Insurance Compliance Associate Duties: Report to the Head of US Regulatory & Compliance, and will be responsible for analysis of insurance regulatory issues and risks, formulating policies and procedures, and providing advice to business units in order that they might achieve their strategic objectives. Participate in audits of internal business units and external partners to ensure compliance. Frequent contact with senior management, business unit leaders and federal/state regulators. Review and research laws and regulations, legal contracts, and existing policies and procedures to determine rights and obligations of our licensed US insurance company, our underwriting syndicates at Lloyd’s, London, their licensed general agent/underwriting manager, as well as affiliated entities, sub-agents, partners and vendors. Utilize a risk-based analysis to determine appropriate options for compliance, benchmarking solutions against industry standards and norms. Provide sound advice and compliance recommendations to senior management, product heads and business units. Create written policies and procedures, informational bulletins and training materials needed to implement the advice and recommendations. Participate in regular audits of internal business units and external partners to ensure compliance is being achieved. Collect data, analyze and summarize in written reports to management concerning the effectiveness of the company’s compliance efforts. Maintain rapport with state regulators by arranging periodic contacts and meetings to discuss issues and concerns. Maintain quality service by establishing and enforcing organization standards. Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks, benchmarking state-of-the-art practices, participating in professional societies. Contribute to team effort by accomplishing related results as needed.
Qualification and Experience
Qualifications: Bachelor’s degree from an accredited college/university. Law degree or insurance certification (CPCU, ARM, CIC, ARe) a plus. +5 years of Property and Casualty Insurance regulatory and compliance experience with a specialty insurance company or agent/broker. Superior analytical and problem-solving abilities, as well as strong organizational skills. Excellent verbal and written communication skills. Ability to prioritize workload and deliver sound advice that enables the business to succeed . High proficiency in Microsoft Word, Excel and PowerPoint.
Job ID #: 5103