Insurance and Financial Compliance Specialist

Position SummaryThe Insurance and Financial Compliance Specialist supports the dealership management group by ensuring full compliance with insurance regulations, carrier requirements, and internal risk-management practices, as well as assisting with reporting requirements for the Dealerships lending partners. This role focuses heavily on Garage Keepers Liability, Workers Compensation, General Liability, and other dealership-specific coverages. The specialist, reporting to the General Counsels office, conducts internal insurance audits, supports claims handling, monitors regulatory updates, and ensures all service, sales, and operational departments adhere to approved insurance protocols. In addition, the specialist will assist with preparing and tracking regular compliance reporting to financial institutions. The ideal candidate has experience in insurance operations, strong attention to detail, and a solid understanding of automotive industry risk exposures. Key ResponsibilitiesGarage Keepers & Dealership LiabilityReview and maintain compliance standards for Garage Keepers Liability, including proper documentation of customer vehicles, repair orders, key-tracking practices, and shop safety procedures.Conduct periodic audits of service drive, shop operations, and lot organization to ensure compliance with carrier requirements.Monitor coverage limits, endorsements, and policy updates related to garage operations, loaner vehicles, test drives, and inventory.Workers Compensation & Safety ComplianceWork with HR, and dealership management to ensure adherence to workers compensation regulations and loss-prevention requirements.Work with HR on workplace injury reports, track trends, and assist in claims documentation and communication with carriers.Support safety training initiatives, including shop safety, PPE compliance, ergonomics, and OSHA-aligned practices.Verify completion of safety audits, incident investigations, and corrective action follow-ups. General Compliance & Risk ManagementConduct routine internal reviews of insurance files, policy documents, claims records, certificates of insurance, and vendor compliance.Assist with annual renewals for garage keepers, workers comp, auto liability, cyber, property, and umbrella programs.Maintain communication with brokers, carriers, and legal partners regarding coverage changes, claims, or regulatory issues.Monitor state-specific dealership insurance regulations and ensure policies are updated and distributed accordingly.Develop and maintain dealership insurance SOPs, compliance checklists, and training guides.Provide training to managers and employees on insurance-related procedures (e.g., reporting claims, documenting damages, handling customer vehicles, loaner agreements).Financial ComplianceAssist with financial reporting requirements to lendersOrganize and maintain reporting informationQualificationsBachelors degree in Business, Risk Management, Insurance, or equivalent experience.25 years of insurance compliance or risk management experience, preferably within automotive or dealership operations.Working knowledge of Garage Keepers Liability, Workers Compensation, and dealership-specific insurance lines.Strong understanding of dealership operations (service, parts, sales, and fixed ops).Excellent organizational, analytical, and communication skills.Proficiency with claims systems, compliance platforms, and Microsoft Office Suite.Preferred QualificationsDealership or automotive retail experience strongly preferred.Insurance Certifications not required but should work towards attaining.Experience coordinating safety or OSHA compliance programs. Working ConditionsFull-time position with standard business hours; may require occasional travel to dealership locations.Regular interaction with service shops, parts departments, and dealership management. Salary$50k plus based on experience