Compliance Director

Who We Are 

Nonprofits Insurance Alliance (NIA) is the nation’s leading property and casualty (P&C) insurer exclusively serving nonprofit organizations. Founded in 1989 in Santa Cruz, CA, all of the companies in NIA are 501(c)(3) nonprofits-- social enterprises providing long-term sustainability of the nonprofit sector. NIA has one of the best customer retention rates in the industry and has a well-established track record as an innovator in the areas of corporate social responsibility (CSR), specialized coverages, members services, and employee engagement.   

Summary

Reporting to the Chief Risk Officer, the Risk and Compliance Manager (or Director) is responsible for the day-to day operations of risk identification and assessment, developing risk mitigation strategies, regulatory compliance, insurance management, risk monitoring and reporting, and crisis management for NIA. .   Additionally, the Compliance Director  provides research and analysis support to senior management.  

Responsibilities 

• Analyze, update and monitor compliance with all insurance operations rules and regulations including ISO where appropriate 
• Analyze, update and monitor compliance of cancellation and non-renewal rules 
• Assist with form and endorsement creation
• Serving as an active member of Product Development Committee (PDC), and translating business decisions into operations, including seeing through to production in the PAS.
• Report regularly to senior leadership on changes adopted to forms, rules, regulations within the PAS system and report on policies and procedures assuring accuracy of these changes 
• Report data to outside vendors such as ISO, MCCA, etc.
• Ensure compliance with standard operating procedures, status reports, management agreements, and compliance with audit requirements with outside insurers that front business for NIA and/or provide group programs to NIA members
• Create a master document that memorializes and keep current all procedures in the Risk department to institutionalize that knowledge
• Oversee enterprise-wide risk management initiatives, projects and procedures, including risk identification and assessments
• Assure enterprise-wide development and compliance with risk mitigation strategies
•  Manage corporate insurance for the organizations
• Supervise members of the Risk/Compliance team
• Any other projects assigned by the Chief Risk Officer or CEO.

Required Skills

• Experience with one or more ISO adopt insurance companies, including direct experience evaluating and recommending to management appropriate form and adoptions and overseeing rate adoptions in collaboration with actuary
• Duties of this position require an advanced level of knowledge in Reinsurance, Commercial Insurance, business practices, rating agency compliance management, and coverage form analysis.
• Experience with at least one software system for composing quotes and policy forms
• Extremely strong organizational and documentation skills, with an emphasis on establishing and maintaining efficient systems
• Excellent interpersonal and presentation skills.
• Excellent written and verbal communication skills, and sharp attention to detail.  
• Ability to collaborate effectively and efficiently  with other staff members and external constituents.
• Ability to climb, stoop, bend, reach or sit for up to 3 hours at a time while performing the duties of this role
• The employee must occasionally lift/and or move up to 20lbs

Experience

•   6 to 8 years of related reinsurance/insurance industry experience.
• Experience designing and implementing computer auditing of risk processes a plus but not required

Education

• Bachelor’s Degree in Accounting, Finance, Business or Insurance Risk Management or equivalent years of experience
• Advance degrees/certifications a plus.