Compliance Specialist

Core Specialty Insurance Services, Inc.; Cincinnati (OH); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) plan with company match

HSA

FSA

Wellness program

Employee assistance plan

Job summary

Core Specialty Insurance Services, Inc. seeks a Compliance Specialist to support the company’s regulatory compliance program and independently handle compliance activities while assisting senior staff on more complex initiatives.

You will coordinate regulatory complaints, manage the consumer complaint register, and prepare standard filings. Working with underwriting, claims, legal, and business leaders, you will implement regulatory changes and ensure adherence to company standards.

Qualifications

• 2-year degree and 2 years of related experience or 1–3 years insurance industry experience.
• Preferably experience with complaint handling and drafting responses, State Departments of Insurance and Workers’ Compensation Commissions.
• Insurance Compliance certification desired.
• Ability to research and communicate impact of regulatory or industry changes to various departments.

Responsibilities

• Serve as primary coordinator for regulatory complaints and manager of consumer complaint register; partner with stakeholders to ensure timely, accurate, professional responses to regulators and consumers.
• Independently prepare, submit, and manage standard regulatory filings.
• Review and analyze administrative circulars, bulletins, letters, and similar documentation to identify business impacts and emerging compliance obligations relevant to the company.
• Partner with underwriting, claims, legal, and business leaders to support compliance initiatives and implement regulatory changes.
• Complete internal reviews of underwriting and other functions to ensure compliance with company standards and regulatory requirements.
• Participate in compliance reporting, internal audits, and process improvement initiatives.
• Prepare and review reports/responses for accuracy prior to submission to management and regulators, identifying and resolving issues before delivery.

Skills

Regulatory compliance

Attention to detail

Independent worker

Communication

Education

2-year degree

Tools

MS Word

Excel

Adobe Acrobat

Job description

The Compliance Specialist plays a key role in supporting the company's insurance regulatory compliance program and independently handles compliance activities while supporting more complex initiatives led by senior staff.

Key Accountabilities / Deliverables

• Serve as primary coordinator for regulatory complaints and manager of consumer complaint register; partner with stakeholders to ensure timely, accurate, professional responses to regulators and consumers.
• Independently prepare, submit, and manage standard regulatory filings.
• Review and analyze administrative circulars, bulletins, letters, and similar documentation to identify business impacts and emerging compliance obligations relevant to the company.
• Partner with underwriting, claims, legal, and business leaders to support compliance initiatives and implement regulatory changes.
• Complete internal reviews of underwriting and other functions to ensure compliance with company standards and regulatory requirements.
• Participate in compliance reporting, internal audits, and process improvement initiatives.
• Prepare and review reports/responses for accuracy prior to submission to management and regulators, identifying and resolving issues before delivery.
• Assist with special or ad hoc projects as needed.
• Perform other duties and responsibilities as required or requested.

Technical Knowledge and Understanding

• Understanding of relevant insurance concepts and regulations, including coverage and rating of property & casualty commercial lines.
• Intermediate to advanced knowledge of MS Word, Excel, Adobe Acrobat, with the ability to learn proprietary systems.

Qualifications / Experience

• 2-year degree and 2 years of related experience or 1–3 years insurance industry experience.
• Preferably experience with complaint handling and drafting responses, State Departments of Insurance and Workers’ Compensation Commissions.
• Insurance Compliance certification desired.
• Ability to research and communicate impact of regulatory or industry changes to various departments.
• Support multiple and varied regulatory and compliance initiatives.
• Strong attention to detail, highly organized, and able to balance multiple concurrent tasks and timelines.
• Ability to work independently and as part of a team.

Work Authorization

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.

Benefits

Competitive salary and opportunities for professional development and advancement. Benefits include medical, dental, vision, and life insurances; short- and long-term disability; company match of 100% of a 6% contribution 401(k) plan; employee assistance plan; health savings account; flexible spending account; health reimbursement account; and a wellness program.