Compliance Specialist

Fairygodboss; Florham Park (NJ); On-site; USD 60,000 - 80,000; Full time

Job summary

Fairygodboss is hiring a Compliance Analyst based in Florham Park, NJ. This role involves conducting monthly audits, monitoring insurance licenses, and advising on compliance matters. Candidates with 1-3 years of insurance experience and military backgrounds are encouraged to apply. Excellent communication and analytical skills are required, along with proficiency in Excel.

ADP values diversity and inclusion, striving for an equitable workplace. Join us to make a meaningful impact while adhering to the highest ethical standards.

Qualifications

• 1-3 years minimum experience with insurance companies.
• Military Experience is valued in the workplace.

Responsibilities

• Conduct monthly random file audits for compliance.
• Monitor licenses of all associates requiring an insurance license.
• Advise Sales on compliance issues.

Skills

Analytical and problem-solving skills

Excellent written and verbal communication skills

Data validation Skills

Proficient in Excel (VLOOKUP, Pivot tables)

Proficient with Microsoft Word and Outlook

Job description

ADP is hiring a Compliance Analyst.

At ADP we are driven by your success. We engage your unique talents and perspectives. We welcome your ideas on how to do things differently and better. In your efforts to achieve, learn and grow, we support you all the way. If success motivates you, you belong at ADP.

We strive for every interaction to be driven by our CORE values: Insightful Expertise, Integrity is Everything, Service Excellence, Inspiring Innovation, Each Person Counts, Results-Driven, & Social Responsibility.

Responsibilities

• Conduct monthly random file audits for Sales/Implementation/Service to determine that each sampling has performed according to state, carrier and agency documentation/process requirements; and produce monthly reporting to reflect results
• Deliver File review (Quality) results during monthly review meetings
• Discuss trends and observations
• Provide required steps to bring issues into compliance
• Resolve appeals, drive improved process, quality, and best practices
• Monitor licenses of all associates who are required to maintain an insurance license, including management of monthly license audit and all other associated license reporting
• Manage all agency and producer appointments and terminations with carrier partners
• Maintain, deliver, and monitor mandatory internal compliance trainings to all new Insurance associates
• Monitor that all agency related training requirements are met, and produce monthly reporting on associates out of compliance
• Manage at least one department project and participates in various other department projects regarding compliance and/or quality control
• Involvement in the development of all compliance systems
• Advise Sales by answering inquiries that focus on compliance issues, primarily around state specific requirements regarding Coverage Bearing concerns (i.e., Owner/Officer exemptions), licensing, appointment, etc.
• Interface with Legal to manage carrier contract amendments
• Interaction with Compliance India - training and acting as backup for tasks, including maintenance of Compliance database
• Act as resource for projects that have been transitioned to India
• Perform other related duties as assigned

Qualifications Required

A college degree is great but not required. What is more important is having the skills to do the job. Other acceptable experiences could include:

• Experience noted above, OR
• Military Experience. We recognize and appreciate the unique talents and experiences Veterans bring to the table. We value the discipline, commitment, and problem-solving abilities you developed and are excited to provide an environment where you can continue to make a meaningful impact.

Preferred Qualifications

• 1-3 years minimum experience with insurance companies
• Licensed in Property and Casualty and/or Health Lines a plus
• Proficient in Xcel (VLOOKUP, Pivot tables) and basic Xcel formulas and conditional formatting, and Report formatting
• Data validation Skills
• Excellent written and verbal communication skills, including the ability to prepare and conduct presentations
• Excellent analytical and problem-solving skills
• Proficient with Microsoft Word and Outlook

Diversity, Equity, Inclusion & Equal Employment Opportunity

ADP is committed to an inclusive, diverse and equitable workplace, and is further committed to providing equal employment opportunities regardless of any protected characteristic including: race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, protected veteran status or disability. Hiring decisions are based upon ADP's operating needs, and applicant merit including, but not limited to, qualifications, experience, ability, availability, cooperation, and job performance.

Ethics at ADP

ADP has a long, proud history of conducting business with the highest ethical standards and full compliance with all applicable laws. We also expect our people to uphold our values with the highest level of integrity and behave in a manner that fosters an honest and respectful workplace.