Regulatory Compliance Specialist
Primary Function: Under the direction of the Director of Compliance, research and analyze legal and regulatory issues in order to provide executive summary and recommendations. Monitor and research federal and state laws and regulations for compliance trends and changes that affect business and operations. Provide guidance to the director on such trends and changes as needed. Various administrative duties.
Essential Duties:
(Note: Essential Duties are not exhaustive and may be supplemented as necessary. Don’t meet a specific requirement, but feel you have the intellect and the skill set to adapt? Don’t hesitate to apply!)
- Conduct regulatory research, including corporate organizational issues and corporate filings.
- Fulfill product filing requirements, premium and claim processing requirements as required on a state by state basis.
- Assist in the maintenance of a comprehensive compliance program, including related records and files, while developing Subject Matter Expert level knowledge of the company’s compliance needs.
- Proactively and on a regular basis, research and compile state guidelines. Coordinate with Compliance team to monitor, review, summarize and distribute reports and other information on law or regulatory changes to all affected departments as warranted.
- Acknowledge receipt of all complaints; enter complaint information accurately; obtain all required and relevant information from all company files draft a complete response to the complaint, respond to any follow-up inquiries, and prepare quarterly and annual complaint analysis reports.
- Fill all policy forms, applications advertising and related documents with the relevant state departments of insurance; maintain records of said filings, monitor all state responses and the timeliness of the company’s re-submittal, and notify all interested parties once submittals have been approved.
- File all corporate reports, including Annual Market Conduct Reports, Data Match Reports, Holding Company Forms, as well as all other state-mandated reports. Maintain all corporate records to include such reports, licenses, licensure files, and all other related records and documents.
- Maintain complete records of all subpoenas, discovery and other requests for information and coordinate responses with relevant departments of the company.
- Research, write, edit and proofread compliance-related articles and bulletins for internal use and for distribution to the company’s producers in both paper and electronic form.
- Coordinate internal corporate compliance-related educational efforts (Anti-Fraud related training, etc.); track progress of these efforts for submission as warranted to state departments of insurance.
Other Duties:
Assume duties as needed upon assignment by the Director of Compliance.
Education/Training Requirements:
Bachelors degree and/or Legal Assistant/Paralegal designation or the equivalent experience in an insurance-centric working environment. Insurance, Regulatory and/or Compliance experience preferred.
Skills/Required Knowledge/Tools:
Must possess excellent verbal and written communication skills. Must demonstrate the ability to prioritize and meet deadlines and manage time efficiently. Must demonstrate the ability to understand and use legal research with training. Must possess intellectual curiosity and the ability to learn new disciplines rapidly. Basic understanding of life insurance is required. Must have excellent knowledge of Microsoft Office (Word, OneNote and Excel) and SERFF. Westlaw and other internet legal search experiences a plus.
U-Haul Offers:
- Full Medical coverage
- Prescription plans
- Dental & Vision Plans
- New indoor fitness gym
- Gym Reimbursement Program
- Registered Dietitian Program
- Weight Watchers
- Onsite medical clinic for you and your family
- Career stability
- Opportunities for advancement
- Valuable on-the-job training
- Tuition reimbursement program
- Free online courses for personal and professional development at U-Haul University®
- Business and travel insurance
- You Matter Employee Assistance Program
- Paid holidays, vacation, and sick days
- Employee Stock Ownership Plan (ESOP)
- 401(k) Savings Plan
- Life insurance
- Critical Illness/Group Accident
- 24-hour physician available for kids
- Subsidized gym/ membership
- MetLaw Legal program
- MetLife auto and home insurance
- Mindset App Program
- Discounts on cell phone plans, hotels, and more
- LifeLock identity Theft
- Savvy consumer wellness programs- from health care tips to financial wellness
- Dave Ramsey’s SmartDollar Program
- U-Haul federal credit union
- Wellness Program
U-Haul is an equal opportunity employer. All applications for employment will be considered without regard to race, color, religion, sex, national origin, physical or mental disability, veteran status, or any other basis protected by applicable federal, provincial, state, or local law. Individual accommodations are available on requests for applicants taking part in all aspects of the selection process. Information obtained during this process will only be shared on a need to know basis.