Compliance Analyst

Principal Responsibilities

• Perform strategic risk assessments to ensure project insurance coverage aligns with contractual requirements as outlined in client agreements.
• Validate that coverages listed on Certificates of Insurance meet required standards and specifications.
• Monitor outstanding renewal documents and conduct timely follow-ups: 10 days prior to due date for pending certificates, 5 days after due date, and ongoing follow-up every two days thereafter via email and/or phone until receipt.
• Proactively manage insurance renewals by running monthly expiration reports approximately 30 days prior to renewal dates.
• Generate and distribute renewal request letters to insurance agents and management companies via the client servicing system, email, or fax.
• Review received Certificates of Insurance to confirm compliance with required coverage.
• Identify and document any deficiencies or non-compliance issues.
• For compliant policies, upload and maintain current Certificates of Insurance within the client’s document management system.
• Collaborate with insurance agents and management companies to resolve non-compliant coverage issues and ensure timely correction.
• When applicable, provide recommendations to clients regarding the approval of requests for waivers of insurance requirements.
• Prepare and submit monthly reports summarizing monitoring activities, including outstanding certificates and properties that are not in compliance with insurance requirements.

Requirements

• Bachelor’s degree; or equivalent combination of education and work experience.
• Demonstrated ability to evaluate risk and make recommendations.
• Ability to read, analyze, and interpret insurance policies, PMLs.
• Proficiency in MS Office Suite, with a focus on Outlook, Excel and Word.