Compliance Manager, Agency Specialist

1 day ago


White Plains, New York, United States Lexitas Legal Full time
Job Overview

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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