Compliance Analyst, Alternative Risk

Products include Alternative Risk: General Liability, Commercial Auto, Contingent Liability, Contractual Liability, and Professional Liability.

Since 2000, Crum & Forster’s Accident & Health division (A&H) has offered a diverse portfolio of specialty insurance and reinsurance products nationwide. We place a strong focus on product development and creative distribution methods, along with excellent client service and support.

In addition to our robust domestic portfolio, which spans both special risk and medical solutions, A&H works on an international basis through various partnerships. Our global capabilities provide our partners with even broader flexibility in underwriting solutions.

The qualities and capabilities of Crum & Forster Accident & Health demonstrate our philosophy of building meaningful, long-term partnerships and our dedication to providing alternative strategies in an ever-changing insurance market.

Information about the Role, Line of Business and Team:

This position is in the Compliance Department, which is responsible for (i) Proficiency in both admitted and non-admitted policy and endorsement creation (ii) reviewing prospective programs and coverages for adherence to the various state required guidelines; (iii) working with underwriting, legal, regulatory, actuarial, and claims areas, ensuring that policies and/or certificates are drafted and issued compliantly; (iv) and for conducting audits to further ensure that all policies, certificates and advertising have been properly issued.

The Compliance Analyst operates under the direction of the Compliance Director and is responsible for the maintenance and regulatory compliance of assigned P&C products offered by Crum & Forster A&H Division.

What you will do:

Independently draft product policy forms primarily for non-admitted Property & Casualty (P&C).
Review prospective P&C program structure, policies and forms for compliance.
Proficiency in both admitted and non-admitted policy and endorsement creation.
Research of non-admitted compliance issues and provide responses to business areas.
Assist in creating policies or endorsements based on Legal and Underwriting guidance.
Review integrity of policy issue documents and facilitate resolution with inconsistencies in the information.
Conduct compliance audits as assigned by manager.
File via SERFF, Product Forms, Rates, and Rate Rules (where required) and communicate with regulators to secure approval in the required jurisdictions.
Communicate with state insurance departments and other regulatory agencies as required.
Review advertising material including websites to ensure compliance with internal and state regulatory guidelines.
Respond to routine compliance-related requests and inquiries from the various business areas.
Assist in reviewing and assessing regulatory changes in state insurance department statutes, regulations, bulletins, etc. along with general industry trends to determine filing and regulatory requirements. Stay current on changes and developments that impact insurance design, development and filing requirements.
Assist in research and communication of the compliance implications of new products and enhancements as well as other corporate strategic initiatives.
Facilitating underwriting training on industry trends and sharing lessons learned from significant losses.
Establish relationships with business units to foster teamwork.
Participate in documenting procedure manuals and processes as needed.
Ensure Products Status Charts are up to date in real time for assigned products.
Develop and maintain required statutory interest rate charts by state for P&C products.
Perform other related duties, including short or long-term projects, as assigned by Management.

What YOU will bring to C&F:

Bachelor’s or associate degree preferred
3+ years of equivalent work experience in the insurance industry, with product filing experience, including drafting P&C coverage forms for commercial lines insurance.
Working knowledge of P&C Non-Admitted or Alternative Risk type products offerings required.
Knowledge of regulatory and compliance aspects of the insurance industry.
Demonstrated knowledge of compliance laws and regulations.
Awareness of emerging risks and industry trends.
Excellent organizational, verbal, and written communication as well as interpersonal skills.
Flexible and open to an ever changing, fast paced environment.
Meticulous with a high degree of accuracy and ability to multitask.
Strong research, decision-making, reporting and analytical skills.
Ability to understand, synthesize and convey complex data.
Ability to work independently, prioritize and organize own work to meet deadlines.
Solid judgment and discretion required to interpret and apply regulatory guidelines, company policies and procedures.
Proficient in Microsoft Office software, including Microsoft Word, Outlook, and Excel