Compliance Specialist

CopperPoint Insurance Companies; Phoenix (AZ); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, vision

401k plan

PTO and holidays

Job summary

CopperPoint Insurance Companies in Phoenix seeks a Compliance Specialist to help develop and administer a regulatory compliance program. You will research issues, communicate with regulators, and support a culture of compliance while partnering with internal teams to identify risks and implement solutions.

Responsibilities include coordinating licenses, tracking regulatory inquiries, reviewing products for compliance, and supporting examinations.

Qualifications

• Bachelor’s Degree and a minimum of 1-year experience in corporate compliance, legal, risk management, insurance compliance or internal audit preferred.
• Research skills to perform legal and compliance research using online insurance and legal resources.
• Organizational skills to manage large volumes of documents and data.
• Ability to analyze complex compliance issues and recommend solutions.
• Effective presentation and teamwork skills.
• Strong initiative and ability to work independently.

Responsibilities

• Participates in administration and oversight of compliance programs for all jurisdictions and product lines.
• Assist in developing and implementing compliance programs including identifying applicable regulatory requirements and creating control plans.
• Coordinate licenses and filings to maintain licenses with state departments and authorities.
• Maintain log of regulatory responses and inquiries from regulators.
• Research and track regulatory changes and communicate impacts to CopperPoint teams.
• Review new/ revised products and forms for compliance and required filings.
• Coordinate regulatory examinations and audits and responses to data calls.

Skills

Research

Organizational skills

Analytical skills

Presentation skills

Team collaboration

Confidentiality

Education

Bachelor’s Degree

Tools

Excel

Adobe Acrobat

Microsoft Word

Teams

SharePoint

Job description

CopperPoint has an exciting opportunity for a Compliance Specialist. In this role, you'll help develop and administer an effective regulatory compliance program that ensures adherence to state regulatory and statutory requirements. You'll research and resolve compliance issues, communicate with regulators, and support the organization’s commitment to maintaining a strong culture of compliance while partnering with internal teams to identify risks, implement solutions, and promote regulatory best practices.

Job Responsibilities

• Participates in the administration and oversight of compliance programs for all jurisdictions and product lines written by CopperPoint


• Works with the CCO, VP Compliance, Legal Compliance team and Compliance Oversight Committee to assist CopperPoint departments to develop and implement compliance programs that include: identification of applicable regulatory requirements, creating control plans to ensure compliance, monitoring for changes to compliance requirements, identifying areas of non-compliance and implementing and tracking actions to restore compliance


• Assists in coordinating and administering licenses held by the CopperPoint group and in making required filings to maintain those licenses with state insurance departments, secretaries of state, corporation commissions, etc.


• Coordinates and maintains log of responses to regulatory matters and/or inquiries from regulators


• Works with attorneys and Compliance team to research, document, communicate and track compliance-related legal and regulatory changes and information arising from bulletins and other information issued by regulatory and non-regulatory authorities (including APCIA, NAMIC, NAIC, NCCI, ISO and AAIS) affecting lines of business written by CopperPoint and follows up to ensure implementation of necessary changes


• Assists in reviewing new and revised insurance products, policies and other required forms to ensure compliance with state regulatory and statutory requirements and in making required filings


• Assists in coordinating regulatory examinations and audits (i.e. financial exams, market conduct exams) and responses to data calls and surveys


• Manages regulatory/compliance software as needed


• Perform other compliance, legal and administrative tasks


• Supports the Compliance Committee, ad-hoc and special projects


• Helps to develop, implement and continually improve processes and procedures


• Prepares reports and metrics for the compliance team, as needed


• Agency appointments made consistent with industry standards

Qualifications / Competencies

• Bachelor’s Degree and a minimum of 1-year previous experience in corporate compliance, legal, risk management, insurance compliance or internal audit environment preferred. Corporate regulatory compliance experience is a strong plus.


• Research skills to perform legal and compliance research using online insurance and legal resources


• Organizational skills to effectively and efficiently work with large volumes of documents and data


• Ability to analyze complex compliance issues, evaluate alternatives, and recommend creative solutions


• Effective presentation skills


• Teaming skills


• Strong analytical skills with the ability to successfully manage and prioritize multiple tasks


• Advanced skill in Excel, Adobe Acrobat and Microsoft Word, including redlining/tracked changes to contracts during negotiations.


• Proficient with collaboration software including Teams and SharePoint.


• Self-driven with a desire to independently expand knowledge on relevant legal, compliance and business topics


• Strong initiative and problem-solving skills


• Detail oriented


• Research and analytical skills


• Willingness to research unfamiliar areas and gain expertise


• Ability to maintain strict confidentiality of sensitive information


• Strong work ethic with ability to work independently

Benefits

• Employees and their families are eligible to participate in CopperPoint Insurance Companies benefit plans including medical, dental, vision, short-term disability, long-term disability, life insurance, a health savings account, a flexible spending account, and a 401k plan.


• We provide some benefits at no cost to the employee (Basic Life Insurance and AD&D at two times an employee’s annual salary, Short- and Long-term Disability coverage, and Employee Assistance Plan).


• Employees will accrue 0.0769 hours of Paid Time Off (PTO) per paid hour, which may total 20 days a year. In addition, employees will also receive 10 paid holidays throughout the calendar year.

Salary Range

• $70,000.00 - $90,000.00 annually


• Compensation may vary dependent on skills, experience, education, and geographical location.


• In addition to base salary, compensation may include an annual discretionary bonus.

CopperPoint is an equal employment opportunity employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by state, federal or local law. CopperPoint maintains a drug-free workplace.