Senior Insurance Regulatory Compliance Specialist - Eastern Alliance

About the role

ProAssurance is seeking a Senior Compliance Specialist to support our workers' compensation line of business, Eastern Alliance, in a hybrid role. Reporting to offices in Lancaster PA or Carmel IN approximately 2 days per month, this position internally titled as Senior Compliance Specialist oversees compliance activities for all Eastern companies.

Responsibilities

• Coordinate and file all statutory financial filings, including quarterly and annual statutory financial filings with state insurance departments (30%)
• Maintain and update compliance records related to each state, including state insurance licenses and related documentation (30%)
• Maintain compliance reporting system (Code Compliance), including monitoring for regulatory changes and communication of those changes to the appropriate departmental staff (5%)
• Provide support to other departments with compliance research, addressing compliance issues, etc. (5%)
• Review and process regulatory invoices for payment (5%)
• Aid Finance department with financial data calls as needed (3%)
• Maintain OFAC procedures for each department (3%)
• Handle insurance department complaints and maintain complaint log (2%)
• File and maintain EDI Trading Partner Agreements (2%)
• Section 111 Medicare Secondary Payer profile reports and recertifications (2%)

Requirements

• Bachelor’s degree in business or related field with a minimum of four years progressive experience in compliance and/or legal field is required. Eight years of compliance/legal experience can replace the bachelor’s degree requirement.
• Insurance regulatory/compliance experience preferred.
• Paralegal certification is a plus.
• Knowledgeable in various software packages required to provide effective office support, including Microsoft Office products, such as Word, Excel, PowerPoint, and Outlook.
• Ability to communicate effectively both verbally and in writing with all levels of the organization as well as with outside customers, vendors, and regulators.
• Critical thinking and basic analytical ability, to gather data and summarize for reports; find solutions to problems and prioritize work.
• Continual attention to detail in composing, typing and proofing materials, establishing priorities, and meeting deadlines.
• Ability to work independently and make informed judgements.
• Proficient in prioritizing tasks to meet deadlines.

Qualifications

• Minimum of four years progressive experience in compliance and/or legal field (or eight years of compliance/legal experience can replace the bachelor’s degree requirement).
• Knowledgeable in various software packages required to provide effective office support, including Microsoft Office products, such as Word, Excel, PowerPoint, and Outlook.
• Ability to communicate effectively both verbally and in writing with all levels of the organization as well as with outside customers, vendors, and regulators.
• Critical thinking and basic analytical ability, to gather data and summarize for reports; find solutions to problems and prioritize work.
• Continual attention to detail in composing, typing and proofing materials, establishing priorities, and meeting deadlines.
• Ability to work independently and make informed judgements.
• Proficient in prioritizing tasks to meet deadlines.

Skills

• Compliance and Legal Experience
• Microsoft Office Suite
• Effective Communication
• Critical Thinking
• Attention to Detail
• Independent Work Ability
• Prioritization and Time Management

Benefits

We offer a best-in-class benefits program, including:

• Flexible work arrangements
• Competitive salary range of $76,208.00 - $125,756.00
• Health, dental, and vision insurance
• 401(k) retirement plan
• Employee Assistance Program
• Professional development opportunities
• Work-life balance initiatives

Pay

$76,208.00 - $125,756.00

Schedule

Hybrid role, reporting to offices in Lancaster PA or Carmel IN approximately 2 days per month.