Sr. Associate, Compliance Specialist – Suitability
RESPONSIBILITIES:
• Use of sound and consistent judgment to perform annuity suitability reviews with thorough analysis of information presented and accurate application of state laws, company policies and procedures for annuity sales
• Utilize FAST and other company computerized systems to correctly track, document, and troubleshoot annuity suitability reviews
• Assist in resolution of suitability issues that may arise
• Identify suspicious suitability trends, patterns or practices identified during suitability reviews and taking appropriate action to impact behavior, including escalation with explanation of findings and recommendations for addressing issues identified
• Keep abreast of laws and regulations for annuity sales and changes to them as well as company processes and procedures for annuity products
• Participate in cross training support as needed
• Respond in a timely manner to suitability and other compliance related inquiries with appropriate discretion for information disclosed based on the audience
• Perform any other compliance duties as requested
COMPETENCIES:
Drive – Displays motivation, is proactive and resourceful in daily work. Persists to complete responsibilities, even in the face of difficulties, is optimistic and tenacious throughout.
Collaboration – Able to actively listen to others and build relationships and trust, effectively handle conflict and interact with tact and respect. Articulates ideas and concerns so others are able to understand and is sensitive to others and is able to adapt to different types of individuals.
Able to cooperate and collaborate with colleagues to achieve shared goals and encourages others and seeks out opportunities to collaborate across the business.
Adaptable – Willingly adapts to constantly changing circumstances while maintaining perspective. Engaging in continuous learning, adjusting the application of knowledge, skills and abilities while addressing new challenges. Accepts constructive feedback.
Responsible – Follows through on commitments; clearly defines mutual expectations of selves & others. Responds to demands of job by accepting responsibility for assignments, shows initiative and takes timely and appropriate actions to meet needs.
Execution – Thinks critically and has the best interests of the company, colleagues, and customers in mind when approaching situations. Anticipates obstacles and assesses situation to determine best possible solution. Demonstrates an ability to get essential information and exercises sound judgments about alternatives. Knows both technical and practical aspects of the job and continually updates skills and knowledge.
Annual Salary: $67,000.00 To $72,000.00 Annually
Legal Counsel
Our team and products have been recognized with dozens of awards including by the Financial Times which ranked Cover Genius as the #1 fastest-growing company in APAC in 2020. Our diverse team across 20+ countries and many language groups commit itself to diverse cultural programs, in particular “CG Gives” which makes social entrepreneurs out of us all and funds development initiatives in global communities.
Our People are
Bold, Authentic, Purposeful and Inspired
Our People are not
Perfect, Traditional, Complacent or Cautious
As a Legal Counsel on our Legal team, you will support the company’s growing business and provide support as we scale.
As a team member of an innovative insurance intermediary involved in transactions across the globe, the Legal Counsel will work cross functionally with the insurance, marketing, compliance, and product teams to apply their expertise and practical advice.
To drive success in this role, you will be a fully qualified lawyer in the US. This is a remote friendly position, and can be based anywhere in the US.
Key Responsibilities:
Draft, review, and negotiate a wide range of complex commercial agreements, including agency agreements, insurance partnership agreements, reinsurance agreements, and non disclosure agreements that support and enable our global business operations.
Review and approve content relating to insurance policies, including advertising panels and press releases.
Provide product-related regulatory compliance support, including legal advice with respect to developments that could impact variable products.
Manage company litigation. Perform other duties as assigned by management.
Skills and Experience:
6+ years of experience with a JD
Fully qualified lawyer in the United States.
Experience negotiating agency agreements with insurance underwriters and reviewing and approving insurance related content.
Proven establishment of effective relationships with business partners and peers to understand their business drivers and strategic priorities.
Sound business judgment and adaptability to manage multiple wide-ranging matters and conflicting deadlines.
Proficiencies and Attributes:
A people person with excellent verbal and written communication skills
Able to work in a fast paced workplace/company, complying with short internal SLAs
Able to multitask and prioritize work
Why Cover Genius?
Cover Genius not only cares about being the best in our industry, we care about our team. We’re a business that understands life can be fluid and so we flex to ensure we provide the environment to suit that. What does that mean?
• Flexible PTO. Taking time out is important for our teams to enjoy life and stay fresh.
• Employee Stock Options – we want our people to share in our success, we reward them with ownership for their contribution in creating a world-class company.
• Work with like-minded people who are passionate about both the work we’re doing and giving back. Our CG Gives programs enables us to all become philanthropists through our peer recognition and rewards system.
• Social Initiatives – pictures speak a thousand words!
Sound interesting? If you think you have the best composition of the above, send us your resume and let’s chat!
* Cover Genius promotes diversity and inclusivity. We don’t tolerate discrimination, demeaning treatment of anyone, or harassment due to race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or any other legally protected status.
Annual Salary: *US Candidates: The cash compensation range for this role is between $130,000 and $175,000 depending on experience and location. All roles are eligible to receive equity.
Sr/Lead Producer Licensing Specialist
• Assist with final review of 3.0 language, roll out and maintenance of Producer Performance Standards.
• Secure, integrate and maintain National Insurance Producer Registry (NIPR).
• Validate all producer and agency licenses in real time.
• Act as point for OFAC Producer Screening issues.
• Responsible for communication to producers on EASi or correspondence (elimination of Gross Receipts).
• Responsible for monitoring and communicating any producer law changes.
• Field questions from AIPSO Insurance Operations (AIO) as a subject matter expert.
• Update Plan Services on agent law changes and upgrade Producer Performance Standards.
• Monitor Producer Performance Standards for efficiency gains and current trends.
• Proactively develop a plan to address premium diversion.
• Centralize and standardize the collection of Producer data.
• Review Producer Complaints for interstate issues and coordinate efforts with internal SIU and Legal & Compliance
Services staff
Annual Salary: $66,600 – $106,400/$79,600 – $127,200 Annual.
US Insurance Compliance Specialist
Director of Policy – Vermont Department of Financial Regulation
The role is a hybrid role requiring a presence at the state house during the legislative session.
Work is performed under the direction of the Department’s Commissioner.
Annual Salary: Negotiable based on experience.
Director of Compliance
The position will require reviewing standards and monitoring a framework and procedures to ensure that the compliance programs throughout the organization are effective and efficient in identifying, preventing, detecting, and correcting noncompliance with applicable laws and regulations as they evolve.
The Director of Compliance will report directly to the President and inform the Board about important issues and material violations.
Position Competencies
A successful candidate:
– will be responsible for assisting the organization in effectively and efficiently complying with laws and regulations.
– must possess the ability to identify and research statutory and regulatory requirements that may impact our business and to evaluate and summarize for communication to business units, any impact those will have on our business, and effectively communicate any actions necessary to comply with any such impact.
– must be competent at planning, organizing, and executing the day-to-day operational compliance activities, including complaints, DOI inquiries, state and product filings, licensing, marketing and advertising reviews, and be the liaison for both our legal department, as well as outside counsel.
– must be a champion for compliance and help develop and maintain an effective compliance framework for our growing business team.
– must work with the business teams and our leadership to reasonably and effectively remediate issues identified through both regulatory inquiries, complaints, litigation, and other external inputs, and will proactively develop and help to implement appropriate follow-up procedures to prevent any similar occurrences.
– must be proactive in identifying compliance requirements affecting our organization.
– must possess the skill to write, or supervise the drafting of, the necessary process documentation for the organization to reasonably comply with compliance requirements affecting our business.
– must be competent in performing evaluation and/or testing of the organization’s compliance with regulatory requirements, to identify deficiencies and to advise the business teams on reasonable strategies for effective resolution of such deficiencies.
– must be able to develop, maintain, and update an ongoing annual organization-wide compliance and governance risk assessment that provides a compliance report card to the organization’s senior leadership and Board.
– must be able to perform his or her role in a manner that balances regulatory requirements, risk mitigation, and business objectives.
LifeShield at a Glance:
With approximately $100 million in assets, LNIC and it’s two subsidiaries combine for a dynamic and rapidly growing insurer. Affiliated thru common ownership with The Midland Group family of companies, including MidFirst Bank, which specializes in banking and mortgage servicing. This affiliation allows LifeShield to leverage the resources of a much larger organization, while remaining nimble and responsive to opportunities, focusing on life and supplemental accident and health insurance products for individuals, families, businesses, and associations.
AM Best reaffirmed LifeShield’s rating of B++. Since 2001, LifeShield National Insurance Co. has held a rating of B++ by AM Best Company, a widely recognized independent insurance industry ratings firm. This is the fifth highest rating possible out of a total of 16. LNIC is headquartered in Oklahoma City, OK and services over 100,000 policyholders.
Account Manager
About Us: Headquartered in Salt Lake City, UT, MGIS partners with highly-rated insurers to offer specialized insurance programs for doctors. With a reputation for excellence, we’ve been recognized as one of the Best Places to Work in Insurance for 13 years by Business Insurance Magazine and Best Companies Group. Our focus on innovation and superior service sets us apart in the industry.
Role Overview: As an Account Manager at MGIS, you will be responsible for enrolling, renewing, and providing ongoing service for group benefit coverage. You will support HR Directors, agents, and brokers with your extensive knowledge of group benefits.
Why MGIS? Join a company that values its employees and fosters a supportive, innovative, and rewarding work environment. Be a part of a team that makes a difference in the lives of medical professionals nationwide.
Apply Now! If you are ready to take the next step in your career and meet the qualifications, we want to hear from you. Apply today to become an Account Manager at MGIS and contribute to our continued success in the insurance industry.MGIS is an Equal Opportunity Employer. Reasonable accommodations will be made to enable individuals with disabilities to perform essential functions.
Qualifications:
• A high school diploma is required; an associate’s degree is preferred.
• Two years of related experience or an equivalent combination of education and experience.
• Preference for individuals with a current life and health license.
• Excellent communication and professional skills.
• Ability to multitask and work effectively in a fast-paced environment.
• Proficient in Microsoft Word and Excel.
Skills:
• Strong analytical and organizational skills.
• Ability to communicate effectively via phone and email.
• Excellent customer service capabilities.
• Ability to handle detailed written and oral instructions and resolve problems.
• Proficiency in basic math and comprehension skills.
Apply Here: https://www.click2apply.net/ngLJk6hGLA7WZUedOSwdR8
PI258910009
Annual Salary: $26.7-$32.00/Hourly Wage
Senior Compliance Analyst
OWCP Actuary (GS-1510-14 or 15)
The employee is responsible for preparing actuarial estimates and analyses related to the agency’s workers’ compensation programs. Analyzes unusually difficult and complex actuarial problems and issues concerning the health of OWCP’s benefits funds. Conducts expert research to obtain up-to-date social, economic and demographic data on the U.S. population, the federal workforce, and other covered injured or ill workers. Analyzes data for anomalies and provides expert advice and recommendations regarding the data validity, analytical methodologies, and statistically significant results. Participates in the development and implementation of software applications and tools to support policy working groups, produce management reports, and maintain customized reports. Participates in policy working groups as an expert in actuarial models and methods. Works with other OWCP technical experts who work with the models (i.e., statisticians, economists, etc.) to ensure that it is reasonable from an actuarial perspective. Provides recommendations for OWCP’s annual liability estimates. Working with other technical experts, he/she ensures that actuarial liability models for OWCP’s compensation funds are properly developed, maintained, enhanced, and documented. Works with other technical experts to ensure that actuarial liability models for OWCP’s compensation funds are properly developed, maintained, enhanced, and documented. Represents OWCP in discussions regarding the liability of its benefits funds with the Office of Management and Budget, the Department of the Treasury, Congress, insurance companies, and others. Works closely with OWCP leadership and other senior government officials including the agency Director, the Deputy Director, Program Directors, Comptroller, DOL Office of the Chief Financial Officer, and others with regard to actuarial issues, findings and policies.
This job posting is active from 12/12/2024-12/18/2024.
Annual Salary: $122,198 – $191,900 per year
Actuary
Education & Training: A Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, or related field and specific training and education focused on the insurance industry
Experience: A minimum of 4 years’ actuarial experience in property and casualty insurance or closely related industry, and 2 years of demonstrated leadership experience.
Required Knowledge, Skills & Competencies: Proficient reading, writing, grammar, organizing and analytical skills; strategic visioning, planning & forecasting abilities; proficient interpersonal relations, listening and communicative skills; exceptional work management, people management, leadership and coaching abilities; exceptional understanding of underwriting and actuarial functions, processes and practices; thorough understanding of company financial reports, along with a clear understanding of the financial drivers of company performance and the relationships between key operating processes and company growth and financial sustainability; entrepreneurial drive and inclination toward supporting the company’s growth and actively contributing to the industry; collaborative and generative attitudes and abilities toward working as part of a team; demonstrated decision-making and problem solving skills; proficient computer and technology skills including Intermediate/Advanced skills using Microsoft Office Suite; visual and auditory skills; valid driver’s license.
General Responsibilities
Responsibilities include leading the Company’s Actuarial and Filing Department. The Actuary will lead the team that analyzes and recommends revisions in the rates and rating plans for assigned lines of insurance. Fosters strong team development, performs actuarial analysis and research concerning present and proposed rating plans, proposed or recently enacted legislation affecting the actuarial function, and the pricing of new products. Performs actuarial analysis required to support rate filings with regulatory authorities. Represents Actuarial and Filing Department through participation in interdepartmental meetings, and discussions with other departments. Assists in the training and development of team members. Performs special actuarial assignments requiring professional expertise. Performs actuarial analysis of loss and loss adjustment expense reserves; and performs and analyzes the testing of alternative
methodologies needed to reflect changes in operational procedures, legislation, and current claims costs trends. Performs actuarial financial outcomes and within the construct of the company’s Enterprise Risk Management and Strategic Business Plans; Serves a key supporting role in developing profitable premium growth; ensuring the Company’s compliance with external laws and regulations, as well as internal company operating policies, procedures and processes; communicating and interfacing with other departments, management and staff; providing various periodic reports to the Secretary & COO, President & CEO and, as directed, to the Board of Directors. Performs other functions as assigned.
Essential Duties
1. Researches and analyzes various types of data to produce rate adjustment proposals, reserve estimates or economic capital models; and/or actuarial support for filings with state insurance departments; and/or to implement new rates and rating plans, using existing procedures, recommending changes where appropriate.
2. Actively supports the ongoing achievement of the Company’s mission, guiding principles and values through the oversight of the work of the Filing Department; participates in ongoing enterprise risk planning and strategic visioning and business planning.
3. Works closely with the R&D initiatives by meeting regularly with R&D leadership to:
a. Properly price new products and new market areas.
b. Identify, evaluate, and mitigate risk.
c. Understand guidelines for product offerings relating to underwriting, coverages, rates, forms, etc.; understands software system layout for new products and changes to existing offerings.
d. Monitor profitability of existing products and implements coverage and rate changes.
a. Maintain a complete knowledge of multiple product line offerings including niche
programs.
4. Responsible for rate changes and filings.
a. Processes all rate, rule, and form filings through SERFF (System for Electronic Rates and Forms Filing) in all States for filing compliance.
b. Responds to regulatory review issues relative to all product filings and secondary review for reinsurance relationships, agreements, portfolio, and contracts.
c. Responds to regulatory review issues relative to all products rate adequacy and proposed corrective measures to obtain rate adequacy.
d. Responds to regulatory actuarial review.
5. Develops, implements, maintains, and achieves actuarial price adequacy through constant monitoring of historical performance.
a. Organizes historical performance data (premium and losses) of all companies within the ECM Insurance Group.
b. Monitors by-line performance on a monthly, quarterly, and annual basis.
c. Provides performance indications to appropriate departments within the Company allowing them to maintain focus on Company profitability.
d. Assists with Annual Statement preparation and support as directed by supervisor.
e. Assists with financial preparation, reserving, data calls, and any other data preparation as directed by supervisor.
10. Directly supervises assigned management, supervisory and support staff as follows:
a. Makes provisions for the proper orientation and training of new personnel.
b. Reviews employee performance throughout the probationary period and on a regularly scheduled basis thereafter and makes certain that these processes are followed throughout the Company. Organizes, schedules, and distributes work among assigned personnel.
c. Keeps Company staff informed of pertinent policies and procedures affecting the Company and their positions; creates an atmosphere in which upward Communication from staff is encouraged.
d. Administers personnel policies and procedures as established by the Company.
11. Ensures that Leadership & Professional Succession Plans are in place for Group actuarial and regulatory compliance and filing staff.
12. Supports, encourages, and acts out behavior that creates and maintains a generative culture in the company and collaborative and team-focused relationships with management and staff.
13. Complies with established operating policies and procedures to maintain adequate controls and to support the Company’s adherence to outside regulatory requirements.
14. Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of sexual harassment and other forms of illegal discriminatory behavior in the workplace.
15. Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of the company’s commitment to a safe working environment.
16. Communicates with management and staff personnel to integrate goals and activities.
17. Responds to inquiries or requests relating to his/her area within given time frames and within established policy.
18. Maintains appropriate records and provides assigned reports to the Secretary & COO, President & CEO, and as requested, the Board of Directors.
19. Performs other related duties as assigned or directed.
Physical Demands
Physical demands are minimal and primarily performed in an office setting, except where travel is
required.
Work Environment
Work environment is varied between office settings, various outside locations, and occasional travel settings, e.g., car, airplane, etc. Work hazards are present but generally limited to requirements around travel.
Equipment & Machine Requirements
1. Integrated Telephone System
2. Computer & Related Software (Microsoft Office Products, Actuarial software, Company Policy Management Systems)
3. Printer/Scanner
4. Other office and related technology