Compliance Manager, Agency Specialist
1 day ago
We are seeking a seasoned Insurance Compliance Program Lead to manage the compliance program for insurance sales partnerships at Lexitas Legal, an Elite Litigation Boutique Law Firm.
Key Responsibilities:
- Develop and maintain compliance guidance for agents, brokers, managing general agents, third party administrators, and other sales, marketing, and distribution partners for life and health products.
- Serve as an insurance regulatory subject matter expert and provide compliance guidance to business unit management; including, compliance requirements for New York Regulation 187; telemarketing and privacy laws; licensing and appointment requirements; background checks; and producer compensation requirements.
- Assist with advertising reviews (e.g., websites, sales scripts and correspondence).
- In consultation with Legal, review and revise agency business partner contracts for compliance purposes.
- Serve as a member of the Agency Oversight Committee and represent Company on projects and initiatives, as needed.
- Participate on the Company Compliance Action Team to help implement compliance requirements.
- Conduct and oversee internal and external audits for compliance purposes.
- Develop and implement training modules, as appropriate.
- Develop and implement insurance compliance policies and procedures that adhere to legal and regulatory requirements and Company standards.
- Research and analyze laws and regulations to provide written guidance and respond to insurance compliance questions.
- Work with internal and external partners to collect and analyze data and timely report to federal and state regulatory agencies, including maintaining a tracking calendar for such regulatory reports and ensuring all responses are accurate and high quality.
- Manage the resolution of exams, audits and inquiries (including complaints, market conduct exams, and surveys).
- Research and track regulatory developments to update compliance policies and procedures.
- Record, investigate and escalate alleged non-compliance with laws, regulations, and Company policies for appropriate handling.
Requirements:
- Bachelor's degree, Advanced degree (preferred)
- Minimum 5-7 years of insurance compliance experience
- Working knowledge of life and health insurance laws, regulations and best practices and/or substantially related experience.
- Demonstrated effective verbal and written communication skills with the ability to convey information to internal and external clients in a clear, accurate, and concise manner.
- Demonstrate high level of attention to detail and excellent organizational skills.
- Proven examples of management-level experience leading multiple projects and priorities simultaneously.
- Proven research, problem-solving and analytical skills.
- Demonstrated successful experience working as part of a team and collaborative work efforts.
Estimated Salary: $110,000-$140,000 per year.
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