Compliance Specialist

About the role

Help develop and administer an effective regulatory compliance program that ensures adherence to state regulatory and statutory requirements. Research and resolve compliance issues, communicate with regulators, and support the organization's commitment to maintaining a strong culture of compliance while partnering with internal teams to identify risks, implement solutions, and promote regulatory best practices.

Responsibilities

• Participate in the administration and oversight of compliance programs for all jurisdictions and product lines written by CopperPointWorks with the CCO, VP Compliance, Legal Compliance team, and Compliance Oversight Committee to assist CopperPoint departments in developing and implementing compliance programs, including:
  • Identification of applicable regulatory requirements
  • Creating control plans to ensure compliance
  • Monitoring for changes to compliance requirements
  • Identifying areas of non-compliance and implementing and tracking actions to restore compliance
• Assist in coordinating and administering licenses held by the CopperPoint group and making required filings to maintain those licenses with state insurance departments, secretaries of state, corporation commissions, etc.
• Coordinate and maintain a log of responses to regulatory matters and/or inquiries from regulators.
• Work with attorneys and the Compliance team to 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 APCIA, NAMIC, NAIC, NCCI, ISO, and AAIS) affecting lines of business written by CopperPoint, and follow up to ensure implementation of necessary changes.
• Assist 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.
• Assist in coordinating regulatory examinations and audits (e.g., financial exams, market conduct exams) and responses to data calls and surveys.
• Manage regulatory/compliance software as needed.
• Perform other compliance, legal, and administrative tasks.
• Support the Compliance Committee, ad-hoc, and special projects.
• Help develop, implement, and continually improve processes and procedures.
• Prepare reports and metrics for the compliance team, as needed.
• Ensure agency appointments are made consistent with industry standards.

Requirements

• Bachelor’s Degree.
• Minimum of 1-year previous experience in corporate compliance, legal, risk management, insurance compliance, or internal audit environment (corporate regulatory compliance experience is a strong plus).
• Research skills to perform legal and compliance research using online insurance and legal resources.
• Organizational skills to effectively and efficiently work with large volumes of documents and data.
• Ability to analyze complex compliance issues, evaluate alternatives, and recommend creative solutions.
• Effective presentation and teaming skills.
• Strong analytical skills with the ability to successfully manage and prioritize multiple tasks.
• Advanced skill in Excel, Adobe Acrobat, and Microsoft Word, including redlining/tracked changes to contracts during negotiations.
• Proficient with collaboration software including Teams and SharePoint.
• Self-driven with a desire to independently expand knowledge on relevant legal, compliance, and business topics.
• Strong initiative and problem-solving skills.
• Detail-oriented with research and analytical skills.
• Willingness to research unfamiliar areas and gain expertise.
• Ability to maintain strict confidentiality of sensitive information.
• Strong work ethic with ability to work independently.

Benefits

• Medical, dental, and vision insurance.
• Short-term disability, long-term disability, and life insurance (Basic Life Insurance and AD&D at two times the employee’s annual salary provided at no cost).
• Health savings account and flexible spending account.
• 401k plan with employer matching contributions.
• Employee Assistance Plan provided at no cost.
• Paid Time Off (PTO) accrual of 0.0769 hours per paid hour (up to 20 days per year).
• 10 paid holidays throughout the calendar year.
• 12 hours of paid volunteer time annually, with corporate matching of personal charitable contributions up to $500 per year.
• Tuition reimbursement and other education benefits.
• Business casual dress.

Pay

Salary range: $70,000.00 - $90,000.00 annually. Compensation may vary based on skills, experience, education, and geographical location. In addition to base salary, compensation may include an annual discretionary bonus.