Our client, a leading insurance company located in White Plains, NY, seeks a Compliance Manager – Agency & Partnership, to manage the compliance program for insurance sales partnerships, including agents, brokers, managing general agents, third party administrators, and other sales, marketing, and distribution partners. This role is on-site Monday - Friday. Salary is $110,000-$140,000.
Duties and Responsibilities:
- Manage the compliance program for insurance sales partnerships, including developing and maintaining compliance guidance for agents, brokers, managing general agents, third party administrators, and other sales, marketing, and distribution partners for life and health products.
- Serve as an insurance regulatory subject matter expert and provide compliance guidance to business unit management; including, compliance requirements for New York Regulation 187; telemarketing and privacy laws; licensing and appointment requirements; background checks; and producer compensation requirements.
- Assist with advertising reviews (e.g., websites, sales scripts and correspondence).
- In consultation with Legal, review and revise agency business partner contracts for compliance purposes.
- Serve as a member of the Agency Oversight Committee and represent Company on projects and initiatives, as needed.
- Participate on the Company Compliance Action Team to help implement compliance requirements.
- Conduct and oversee internal and external audits for compliance purposes.
- Develop and implement training modules, as appropriate.
- Develop and implement insurance compliance policies and procedures that adhere to legal and regulatory requirements and Company standards.
- Research and analyze laws and regulations to provide written guidance and respond to insurance compliance questions.
- Work with internal and external partners to collect and analyze data and timely report to federal and state regulatory agencies, including maintaining a tracking calendar for such regulatory reports and ensuring all responses are accurate and high quality.
- Manage the resolution of exams, audits and inquiries (including complaints, market conduct exams, and surveys).
- Research and track regulatory developments to update compliance policies and procedures.
- Record, investigate and escalate alleged non-compliance with laws, regulations, and Company policies for appropriate handling.
Requirements:
- Bachelor’s degree, Advanced degree (preferred)
- Minimum 5-7 years of insurance compliance experience
- Working knowledge of life and health insurance laws, regulations and best practices and/or substantially related experience.
- Demonstrated effective verbal and written communication skills with the ability to convey information to internal and external clients in a clear, accurate, and concise manner.
- Demonstrate high level of attention to detail and excellent organizational skills.
- Proven examples of management-level experience leading multiple projects and priorities simultaneously.
- Proven research, problem-solving and analytical skills.
- Demonstrated successful experience working as part of a team and collaborative work efforts.
Computer Skills and Knowledge of Hardware & Software Required
- Knowledge of legal research engines (e.g., Westlaw);
- Ability to learn and use electronic compliance programs (e.g., RegEd Code and Thomson Reuters Legal Tracker);
- Proficient using SERFF
