Insurance Licensing & Compliance Paralegal

CFC; New York (NY); On-site; USD 110,000 - 130,000; Full time

Job summary

CFC seeks a Paralegal, Legal & Compliance to support US regulatory and compliance activities, including maintaining insurance and claims adjusting licences across all 50 states and ensuring timely submissions with accuracy.

You'll gain broad exposure to US insurance regulation while collaborating with Compliance, underwriting and product teams, and you may work on regulatory reporting, broker onboarding, product filings, audits and related matters.

Qualifications

• 2 to 3 years’ regulatory and compliance experience.
• Knowledge of US admitted insurance compliance requirements.
• Strong organizational skills with ability to manage multiple matters and deadlines.
• Excellent written and verbal communication skills.

Responsibilities

• Maintain insurance and claims adjusting licences across all 50 states, including preparing, coordinating and filing new and renewal licence submissions.
• Monitoring the status of US licences, maintaining accurate internal records and helping to proactively identify and resolve licensing issues.
• Responding to regulatory and internal stakeholder enquiries relating to insurance licensing.
• Vetting and onboarding of retail and wholesale brokers, alongside management of producer engagement contracts and agency management processes.
• Providing compliance support for product rate and form filings, including regulatory assessments of admitted product changes and new products.
• Supporting responses to US regulatory communications and enquiries, coordinating with the wider Compliance team.
• Reviewing US marketing materials against applicable advertising and promotional regulations.
• Researching regulatory and business risks and maintaining the US office risk register.
• Supporting preparation and coordination of internal and external audits.
• Keeping up to date with relevant US laws, regulations and regulatory developments.
• Providing timely, commercially focused compliance guidance to underwriters, claims handlers and colleagues.
• Maintaining effective US compliance systems, controls, policies and procedures.
• Supporting US financial crime and sanctions processes, including investigation of sanctions matches.

Skills

Regulatory compliance

Insurance regulation

Communication skills

Organisational skills

Independent worker

Education

Bachelor's degree

Law background helpful

Job description

CFC seeks a Paralegal, Legal & Compliance to support US regulatory and compliance activities, including maintaining insurance and claims adjusting licences across all 50 states and ensuring timely submissions with accuracy.

You'll gain broad exposure to US insurance regulation while collaborating with Compliance, underwriting and product teams, and you may work on regulatory reporting, broker onboarding, product filings, audits and related matters.