Regulatory Compliance Specialist

If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.

About the role

The Regulatory Compliance Specialist supports Markel US Insurance Division efforts to ensure compliance with state laws and regulations as they relate to the management of the insurance policy lifecycle; obtain regulatory approval of its rates, rules, and forms; and communicate compliance concepts to internal partners to ensure accurate implementation of underwriting processes.

Responsibilities

• Submit rate, rule, and form filings to state departments of insurance in accordance with state requirements within agreed-upon time frames.
• Develop responses to questions posed by State Departments of Insurance that arise throughout the filing process.
• Resolve conflicts between state and company objectives to minimize impact on original underwriting intent.
• Secure regulatory approval of state rate, rule, and form filings in a timely fashion.
• Prepare filing notices outlining changes to existing underwriting processes, including changes to the company’s rates, rules, and forms.
• Act as a liaison for compliance topics with underwriting teams.
• Provide responses to internal compliance inquiries that successfully communicate the department’s compliance requirements.
• Accurately and thoroughly interpret state laws in assigned states.
• Review bulletins distributed by advisory bureaus (ISO, AAIS, etc.) and state departments of insurance within acceptable service level standards, evaluating impact on existing company processes.
• Determine impact of regulatory changes on company practices and operations, including compatibility of Markel products with bureau (ISO, AAIS, etc.) changes.
• Coordinate, investigate, and respond to consumer/insurance department complaints, consulting with manager, legal department, and appropriate underwriting division.
• Participate in the preparation and execution of internal and external rate, rule, and form compliance examinations.
• Maintain procedures to ensure the integrity of business practices in assigned states.
• Strategize acceptable approaches to accomplish the rate, rule, and form objectives of the company.
• Modify countrywide rate, rule, and forms as needed to ensure compliance with regulations of each state.

Requirements

• US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Pay

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The national average salary range for the Regulatory Compliance Specialist is $62,400 - $85,800 with 12% incentive.

About Us

Markel Group (NYSE – MKL), a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.

• We’re all about people
• We win together
• We strive for better
• We enjoy the everyday
• We think further

Benefits

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work. We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.

• Multiple health, dental, and vision insurance plan options for full-time employees.
• Optional life, disability, and AD&D insurance.
• 401(k) with employer match contributions.
• Employee Stock Purchase Plan.
• Paid time off (PTO), corporate holidays, and floating holidays.
• Parental leave.