Senior Compliance Specialist

Description

Senior Compliance Specialist

Looking to join a growing company dedicated to helping others? We offer that, plus competitive salaries, a culture of learning, and a fast-paced environment. This is a hybrid position with 3 days in-office. Join our team to help make a difference in the lives of others! 

About Continental General:

The Continental General family of companies has provided insurance, including life and long-term care policies, to individuals and groups for over 30 years, and currently supports over 100,000 policyholders. Both our insurance company, Continental General Insurance Company, and our third-party administrator, Continental General Services, are committed to the continuous development of our infrastructure, processes, and people. The group is actively growing through expansion of both its insurance portfolio and its administrative services. With each opportunity, we take a collaborative approach to address challenges and provide unique solutions.

• Participates in developing, implementing and administering Compliance programs.  Ensures compliance with the laws, regulations and rules of federal, state, and self-regulatory organizations.

  • Prepares and files regulatory and compliance documents and / or reports.

  • Handles interactions pertaining to approvals.

  • Analyzes and responds to objections and inquiries from authorities.

  • Creates forms and reports to comply with new or existing regulatory requirements.  Prepares memorandums regarding the use of forms.

  • Responsible for reporting and /or investigating any non-compliance or suspected fraudulent acts.

  • Ensures that investigations follow approved processes.  Presents clear, concise and factual reports that enable fair and relevant decisions to be made.

  • Drafts and delivers complaint responses.

  • Administers, participates in developing and administers Anti-Money Laundering (AML) guidelines.

  • Complies with Privacy Practices.

• Receives, analyzes, interprets and responds to regulatory matters and / or inquiries from the various state departments of insurance, federal agencies, self-regulatory organizations, industry associations and / or internal and external customers.

• Coordinates, administers, reports on and develops audit / review processes.

• Maintains and retrieves material from departmental databases and files.

• Performs research.

  • Reviews policy administration issues, which may include powers of attorney, trusts and / or conservatorships.

  • Evaluates and interprets new or revised statutes / regulations / rules to effectively implement new requirements according to changes and updates in laws, rules and regulations.

• May review proposed advertising and marketing materials for compliance with state advertising rules, regulations, product features and / or contract language.

  • Drafts product disclosures.

  • Develops and maintains product audit / issues instructions for new product implementation.

• May provide back-up coverage for other compliance areas.

• Maintains and leverages strong relationships within state insurance departments and / or regulatory authorities.  Acts as a liaison between the organization, specific departments / business units, third party vendors and regulatory authorities.

• Demonstrates expert knowledge of the organization, regulatory agencies and current trends in ensuring compliance.

• Provides technical advice to less experienced positions and other functional areas.

• Leads the work of others (mentors, prioritizes, delegates and reviews assignments).

• May have responsibility for the performance and coaching of staff and may have a participatory role in decisions regarding development, hiring, firing, performance management, pay increases, etc. for direct reports.

• Performs other duties as assigned.

Qualifications

Note: Applicants must be authorized to work for a U.S. employer without sponsorship. We are unable to sponsor or take over sponsorship of an Employment Visa at this time or at any time in the future.

Education: Bachelor’s Degree or equivalent

Field of Study: Business, Liberal Arts, or related discipline

Experience: 5 or more years of insurance / securities related experience.  Continuing progress toward and/or the completion of an Associate Insurance Regulatory Compliance (AIRC) designation.  

Scope of Job: Performs work under limited supervision.  Demonstrates technical knowledge with a variety of the field's concepts. Relies on experience and judgment to plan and accomplish goals.  Works within broader limits with latitude and authority. 

Salary : $135,500 - $145,000