What are the responsibilities and job description for the Compliance Analyst - Insurance/Financial Services position at Core Specialty Insurance Holdings, Inc.?
This person will be responsible for working with the underwriters, claim adjusters, and executive management in the development and implementation of annual audits and other company policies and procedures. The primary responsibilities of the position are described below.
Key Accountabilities/Deliverables:
At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
Key Accountabilities/Deliverables:
- Oversee the Annual Audit schedule for the Financial Services Division including coordinating the annual underwriting and claim audits, follow up on timely completions and follow up on outstanding items identified in the audits.
- Use audit findings to identify patterns, trends, strengths, and opportunities for improvement.
- Compile audit findings into a quarterly report submitted to the Chief Underwriting Officer.
- Assist in various compliance tasks to include initial audits within 90 days of new agency launch as well as E&Y audits for SOX testing.
- In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.
- Knowledgeable in creating and using Excel functions, such as pivot tables, macros, and v-lookups.
- Knowledgeable in data analytics.
- Knowledgeable in Financial Services products.
- Knowledgeable in Property & Casualty insurance.
- Knowledgeable in underwriting and claim audit best practices.
- Bachelor’s Degree required.
- Minimum of 3 years’ experience in Insurance Operations, preferred focus on auditing.
- Experience in managing varied priorities concurrently while meeting deadlines and service expectations.
- Experience using Advanced Excel.
- Project Management experience.
At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
