What are the responsibilities and job description for the Compliance Manager position at Excelon Solutions?
Duties & Responsibilities:
- Support the internal oversight of the product compliance department, modules, assignment and reporting.
- Review, monitor and track legal and regulatory requirements concerning Wright National Flood Insurance Services LLC’s products and business, as needed.
- Review, monitor and track carrier compliance requirements concerning Wright National Flood Insurance Services LLC’s management and distribution of products and services on behalf of its clients.
- Excess and Surplus Lines Licensing / Reporting
- Obtain / maintain / renew Excess and Surplus Lines licenses for both WNFIS (agency) and the DRLP.
- Continue to stay current on all Surplus Lines compliance matters, i.e. disclosure notices, required verbiage, diligent effort statements, stamping language, etc. with communication of same to Product Manager for implementation.
- Ensure all required regulatory reporting, tax remittance and stamping document submission / remittance is completed in compliance with prescribed deadlines.
- Notate the internal Compliance Calendar regarding completion of filings, so that the status is evident to anyone viewing the Calendar.
- Anti-Fraud Compliance
- Work with external vendor to review the current WNFIC Anti-Fraud Plan for accuracy and applicability, making revisions and updates as needed.
- Coordinate plan submission to various jurisdictions that require an annual submission of the plan.
- Support the compliance department’s documentation practices.
- Assist with submission of responses to governmental and administrative investigations and inquiries.
- Assist with filing preparation and submission.
- Assist in vendor & contract management / invoice processing
- Ensure that Company officers continue to provide vendor agreements that are housed in a central location
- Manage obtaining corporate approval for legal and contractual agreements, as necessary
- Review various invoices and determine appropriate cost center/product coding. Remit as indicated including all applicable documentation with copies retained for Company records.
- Various Requests/Projects
- Draft correspondence, assemble requested audit documents, help establish new bank accounts as necessary, etc.
- Assist with coordination of various projects, i.e. business tax, overpayment recovery, etc.
- Support general compliance activities and other responsibilities, including special projects, auditing, and ad-hoc reporting, as assigned.
Position Requirements, Skills and Experience:
- 3 years of relevant experience in regulatory and compliance activities (including legislative/regulatory tracking and compliance applicability determinations, correspondence with regulatory entities during the course of filings or complaints, etc.)
- 6 years of Insurance Company experience, ideally in property and casualty lines.
- Experience working with insurance departments and a demonstrated ability to develop relationships within the industry and advocate of the Company’s behalf are considered a plus.
- Advanced knowledge of Excel and other tools to support the management of policies, procedures and people.
- Knowledge of SERFF and filing protocols.
- Solid oral and written communication skills including experience with legal research and technical and business writing skills.
- Occasional evening and weekend work to meet deadlines.
Education:
Bachelor’s degree or higher or equivalent experience.
