Compliance Specialist

Job Description

Job Description

This is a hybrid position requiring 3 days in office at our Middleton, WI office location.

At CapSpecialty, we are a specialty underwriting company being driven by well-informed, entrepreneurial and proactive employees. Come join our exciting company where you can really make an impact, and each individual's unique skills and talents are recognized and valued. You will find an accessible leadership team that welcomes opinions and ideas. We owe much of our success to our collaborative environment and set of three guiding principles rooted in customer-centricity, employee excellence and corporate culture.

We offer competitive compensation and benefits packages – including an innovative open vacation plan, generous paid sick and parental leave, fully vested matching 401k, company-paid group term life insurance and short- & long-term disability plans, professional and educational growth opportunities, flexible and casual work environment, and recognition for exceptional performance. Please see our full list of Total Rewards here.

CapSpecialty is seeking a Compliance Specialist who will be responsible for various compliance functions including onboarding, maintenance, and termination of producers through our producer management systems. Review, prepare, distribute, and maintain all producer contracts and documents related to CapSpecialty’s producers. Be an active participant on the Compliance team, working with the Compliance department to achieve its short- and long-term development and planning objectives. The role requires the employee to exercise discretion and independent judgment with the following matters : producer packets, producer changes requested by Underwriting, regulatory compliance projects including state filings and data calls, and management of the producer appointment payment process.

Duties / Responsibilities :

• Ensure timely and accurate review and analysis of producer packets in the producer management systems in order to complete producer onboarding.
• Be proactive in the maintenance of all producer changes to ensure compliance with company policies and industry licensing regulations. Coordinate producer name changes, terminations, or other producer contract modifications in partnership with Underwriting.
• Maintain compliance related to producer licensing and appointments. Ensure adherence to state rules and regulations and company policies related to producer contracting and appointments.
• Analyze and review SBS Producer Licensing report working with Surety and producers to resolve issues.
• Manage the payment of Compliance department invoices on a monthly basis within the department budget. Provide analysis throughout the year on Compliance budget.
• Review and maintain current Errors and Omissions (E&O) certificates for Producer Contracting.
• Analyze ISO circulars daily / weekly and distribute to Portfolio Review and Actuarial teams as needed.
• Complete data calls, insurance department surveys, and insurance company regulatory filings through SERFF as needed.

Supervisory Responsibilities :

None.

Core Competencies :

Education and Experience :

Physical Demands :

CapSpecialty is a leading provider of specialty insurance and bonds for small- to mid-sized businesses in the U.S., offering casualty, professional liability, surety and fidelity products in all 50 states and the District of Columbia. By working with select partners through a limited distribution model, CapSpecialty's creative, hard-working team provides personalized service and cultivates mutually successful partnerships to deliver positive results. CapSpecialty is an operating subsidiary of Berkshire Hathaway, and its carriers have an A ("Excellent") rating from A.M. Best, writing both admitted and non-admitted policies. For more information, please visit CapSpecialty.com.

Apply today!

Equal Employment Opportunity Employer

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