Purpose
The Regulatory Compliance Specialist II will assist in monitoring all property/casualty insurance legislation and regulations impacting AAIS products and operations. You will be integral in drafting and updating insurance policy language across multiple lines of business and assist in maintaining awareness of current events and topics at the state level. You will assist the legal team with establishing and maintaining communications with state regulatory officials to discuss AAIS initiatives. You will join the Government Affairs, Legal, & Compliance Team (GLC) and report to one of AAIS’ Assistant Counsel attorneys.

Job Responsibilities

• Draft, review, and analyze insurance policy language in base policies, endorsements, and other materials for both commercial and personal lines of business.
• Develop suggested revisions to AAIS forms impacted by legislative and regulatory changes to assist AAIS staff in its in response to such changes.
• Monitor, interpret, and track pending legislation, utilizing compliance tools such as LexisNexis State Net, that may impact AAIS products, under attorney guidance.
• Review and provide analysis of state insurance department bulletins and circulars, trade bulletins, and other related material to determine applicability.
• Assist in the development of compliance documentation and reference materials.
• Communicate appropriate compliance-related information internally and externally and assist/coordinate on making sure compliance questions are addressed.
• Engage in regulatory research relating to compliance issues presented.
• Assist in the coordination and development of compliance filings, including review of loss cost, manual revisions, and filing materials for comprehensive compliance changes to AAIS products.
• Assist in the coordination of activities such as conferences, NAIC/DOI meetings, webinars and publication articles/speaking opportunities to further GLC initiatives.
• Demonstrate flexibility and collaboration when assisting the GLC team with various projects.
• Perform other duties as needed to further AAIS initiatives.

Education/Knowledge and Skill Requirements

• Minimum 4+ years’ experience in insurance, paralegal, CPCU designation, bachelor’s degree in Business Insurance or related field.
• Demonstrate strong quantitative and analytical skills.
• Use both written and verbal communication skills in a clear, effective, manner.
• Plan and organize activities to maximize efficiency and productivity.
• Ability to work effectively both individually and as part of a team.
• Must be proficient in MS Office Products including Word and Excel.
• Working knowledge of compliance tools such as LexisNexis, SERFF, APCIA.
• Ability to learn company-specific systems and procedures.