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CopperPoint Insurance Companies · 6 hours ago

Compliance Specialist Lead

Maine, United States

Full-time

Hybrid

Mid, Senior Level

$85K/yr - $115K/yr

2+ years exp

CopperPoint Insurance Companies is a leading provider of workers’ compensation and commercial insurance solutions. The Compliance Specialist Lead will support the development and administration of an effective regulatory compliance program, ensuring adherence to state regulatory requirements and overseeing compliance issues.

Insurance

Responsibilities

Leads team of compliance professionals with corporate compliance work

Participates in the administration and oversight of compliance programs for all jurisdictions and product lines written by CopperPoint

Works with the CCO, VP Compliance, compliance team members and Compliance Oversight Committee to assist CopperPoint departments to develop and implement compliance programs that include: identification of applicable regulatory requirements, creating control plans to ensure compliance, monitoring for changes to requirements, identifying areas of non-compliance and implementing and tracking actions to restore compliance

Assists in coordinating and administering licenses held by the CopperPoint group and in making required filings to maintain those licenses with state insurance departments, secretaries of state, corporation commissions, etc

Coordinates and maintains log of responses to regulatory matters and/or inquiries from regulators

Research, document, communicate and track compliance-related legal and regulatory changes and information arising from bulletins and other information issued by regulatory and non-regulatory authorities (including PCI, NAMIC, NAIC, NCCI, ISO and AAIS) affecting lines of business written by CopperPoint and follows up to ensure implementation of necessary changes

Assists in reviewing new and revised insurance products, policies and other required forms to ensure compliance with state regulatory and statutory requirements and in making required filings

Assists in coordinating regulatory examinations and audits (i.e. financial exams, market conduct exams) and responses to data calls and surveys and complaint responses

Manages regulatory/compliance software as needed

Perform other compliance, legal and administrative tasks

Supports the Compliance Committee, ad-hoc and special projects

Helps to develop, implement and continually improve processes and procedures

Prepares reports and metrics for the compliance team, as needed

Works with Underwriting and Business Development & Distribution as customer service contact for appointment statuses, appointment procedures, and state regulations

In compliance with state regulation, ensures agencies and producers have valid licenses, are appointed, and provided complete required documentation of licensing

Maintains agency and producers’ spreadsheets, communicates to agencies and producers as needed, and support other departments on an as needed basis

Qualification

Regulatory complianceInsurance industry experienceCompliance software managementLicensing coordinationAnalytical skillsCommunication skillsTeam leadership

Required

Bachelor's degree in business, marketing, related discipline, or equivalent experience

Preferred

A minimum of 2 years insurance industry experience preferred

Benefits

Employees and their families are eligible to participate in CopperPoint Insurance Companies benefit plans including medical, dental, vision, short-term disability, long-term disability, life insurance, a health savings account, a flexible spending account, and a 401k plan.

We provide some benefits at no cost to the employee (Basic Life Insurance and AD&D at two times an employee’s annual salary, Short- and Long-term Disability coverage, and Employee Assistant Plan).

Employees will accrue 0.0769 hours of Paid Time Off (PTO) per paid hour, which may total 20 days a year.

In addition, employees will also receive 10 paid holidays throughout the calendar year.

CopperPoint offers a competitive compensation package and comprehensive benefits package including major medical, dental, vision and a wide range of competitive benefits programs, generous matching contributions to your 401(k) plan, generous paid time off, tuition reimbursement and other education benefits and business casual dress.