Regulatory Compliance Specialist

Markel; United States; On-site; USD 62,000 - 86,000; Full time

Job summary

Markel Group in the United States seeks a Regulatory Compliance Specialist to support the Insurance Division in ensuring compliance with state laws, submitting filings, and communicating compliance concepts across internal partners. The role focuses on obtaining regulatory approvals for rates, rules and forms, resolving conflicts, and interpreting laws to minimize underwriting impact.

The position offers challenging work in a Fortune 500 company with a broad network of offices and a strong

Qualifications

• US work authorization required.
• Markel does not provide visa sponsorship for this position now or in the future.

Responsibilities

• Submit rate, rule and form filings to state departments of insurance.
• Develop responses to questions posed by state departments of Insurance that arise throughout the filing process.
• Interpret state laws in assigned states and determine impact on company practices.
• Coordinate, investigate and respond to consumer/insurance department complaints with manager, legal, and underwriting.
• Prepare filing notices outlining changes to underwriting processes, including changes to rates, rules and forms.
• Act as a liaison for compliance topics with underwriting teams.

Job description

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it.

The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.Join us and play your part in something special!

The Regulatory Compliance Specialist is responsible for supporting the Markel US Insurance Division efforts to ensure compliance with state laws and regulation as they relate to the management of the insurance policy lifecycle; obtain regulatory approval of its rates, rules and forms; and communicate compliance concepts to internal partners ensuring the accurate implementation of underwriting processes.

Submit rate, rule and form filings to state departments of insurance in accordance with state requirements within agreed upon time frames.

Develop responses to questions posed by the State Departments of Insurance that arise throughout the filing process.

When a conflict exists between the state’s and company’s objectives, find a resolution that minimizes the impact to the original underwriting intent.

Secure regulatory approval of state rate, rule and form filings in a timely fashion.

Support the department’s efforts to communicate compliance concepts.

Prepare filing notices outlining changes to existing underwriting processes, including changes to the company’s rates, rules and forms.

Act as a liaison for compliance topics with underwriting teams. Provide responses to internal compliance inquiries that successfully communicate the department’s compliance requirements.

Support the department’s efforts to ensure compliance with state insurance regulations.

Accurately and thoroughly interpret state laws in assigned states.

Review bulletins distributed by advisory bureaus (ISO, AAIS, etc.) and state departments of insurance within acceptable service level standards, evaluating if there is any impact to existing company processes.

As regulatory changes occur, determine impact on company practices and operations, including the compatibility of Markel products with bureau (ISO, AAIS, etc.) changes.

Coordinate, investigate and respond to consumer/insurance department complaints consulting with manager, legal department and appropriate underwriting division.

Participate in the preparation and execution of internal and external initiated rate, rule and form compliance examinations.

Maintain procedures to ensure the integrity of business practices in assigned states.

Support the department’s efforts to obtain regulatory approval of its rates, rules and forms.

Strategize acceptable approaches to accomplish the rate, rule and form objectives of the company.

As needed, modify countrywide rate, rule and forms so that they are in compliance with regulations of each state.

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Pay information:

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure,demonstratedcompetencies, geographic location, and other factors. The national average salary range for the Regulatory Compliance Specialistis $62,400 - $85,800 with 12% incentive.

Who we are:

Markel Group (NYSE – MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

We’re all about people | We win together | We strive for better

We enjoy the everyday | We think further

What’s in it for you:

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.

• We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.

• All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.

• We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Are you ready to play your part?

Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.

Should you require any accommodation through the application process, please send an e-mail to the [e-mail].

No agencies please.