Regulatory Engagement Specialist

GEICO; New York (NY); Hybrid; USD 105,000 - 236,000; Full time

Job summary

GEICO is looking for a detail-oriented Regulatory Engagement Specialist to support their Legal Department. In this hybrid role, you will engage with regulators, manage compliance data, improve processes, and contribute to a collaborative team environment. Ideal candidates have strong communication skills and experience in regulatory engagements.

Benefits

401K with 6% match

Tuition assistance

Flexibility to work from anywhere

Comprehensive Total Rewards program

Qualifications

• Minimum 4 years of experience in insurance regulatory engagements.
• Experience with state departments of insurance is preferred.
• Ability to multi-task and develop strong regulator relationships.

Responsibilities

• Assist attorneys in guiding regulatory engagements and exams.
• Analyze data from regulatory interactions and compile reports.
• Develop structured processes to improve operational efficiency.

Skills

Communication

Project Management

Database Management

Data Analysis

Tools

MS Office

Job description

Regulatory Engagement Specialist – Chevy Chase, MD (HYBRID)

GEICO is seeking a highly skilled, motivated, and detail-oriented individual to serve as a Regulatory Engagement Specialist in the Legal Department supporting our Regulatory Engagement Legal team within the Government & Regulatory Affairs division. This position will collaborate with and support the attorneys in planning, coordinating, and executing regulatory engagements and will provide a broad range of support to the legal team. The position requires excellent communication and project management skills, as well as the ability to interact confidentially with all levels of leadership. The position requires strong technical skills, including database management and MS Office products. The successful candidate enjoys data-driven analysis and thrives in a fast-paced, work environment with high expectations, diverse assignments, and a collaborative/team setting.

Primary Responsibilities:

• Partner with assigned attorney lead(s) to successfully assist in guiding diverse types of regulatory engagements, including market conduct exams (MCE), targeted exams, and inquiries.
• Navigate regulatory processes and understand perspectives of state Departments of Insurance (DOIs), addressing common inquiries and market conduct exams.
• Develop and implement structured processes to streamline response strategies, minimize duplication of effort, and enhance efficiency.
• Identify and implement strategies to improve operational efficiency and reduce response times for regulatory inquiries and exams.
• Compile and analyze trend data from regulatory interactions to identify patterns, compliance outcomes, and opportunities for process improvement. Draft initial analysis reports and communicate findings to REL team.
• Assist in detecting emerging regulatory trends and proactively engage to mitigate risks.
• Establish and maintain centralized databases for regulatory engagements, ensuring data consistency, knowledge retention, and tracking efficiency.
• Track and quantify the value of regulatory engagement efforts, such as savings and risk avoidance, and communicate these outcomes to leadership.
• Report to senior leadership with strong verbal and written communication skills.
• Create educational content for peers and clients to enhance understanding and compliance.
• Handle assignments related to other divisions within the Legal Department as needed.

• Limited domestic travel to engage and build relationships with internal stakeholders and/or insurance regulators to effectively support GEICO’s interests.

Basic Qualifications:

• A minimum of 4 years’ experience, during the past six years, taking on a substantive role(s) in insurance regulatory engagements including some experience drafting reports to senior executives. – REQUIRED
• A minimum of 1 year experience working in a state department of insurance preferably in market conduct – STRONGLY PREFERRED
• Must be able to operate in a developing environment standing up a new team, new procedures and new tools.
• Must be able to multi-task.
• Must be able to learn and apply substantial amounts of technical and procedural information.
• Must be able to communicate effectively and succinctly verbally and in writing.
• Must be able to develop and maintain strong relationships with regulators.

Location: Hybrid – Strong preference for this role is in the Washington, DC, or New York City metro areas, as a hybrid role with 3 days/week in our Chevy Chase, MD or NYC office. A remote role may be considered with the expectation that the selected candidate would travel to the Chevy Chase, MD office on a recurring basis as needed (estimated average of 3-5 days/month max).

#LI-MD2

Annual Salary

$105,575.00 - $235,750.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge:

Great Company:At GEICO, we help our customers through life’s twists and turns. Our mission is to protect people when they need it most and we’re constantly evolving to stay ahead of their needs.

We’re an iconic brand that thrives on innovation, exceeding our customers’ expectations and enabling our collective success. From day one, you’ll take on exciting challenges that help you grow and collaborate with dynamic teams who want to make a positive impact on people’s lives.

Great Careers:We offer a career where you can learn, grow, and thrive through personalized development programs, created with your career – and your potential – in mind. You’ll have access to industry leading training, certification assistance, career mentorship and coaching with supportive leaders at all levels.

Great Culture:We foster an inclusive culture of shared success, rooted in integrity, a bias for action and a winning mindset. Grounded by our core values, we have an an established culture of caring, inclusion, and belonging, that values different perspectives. Our teams are led by dynamic, multi-faceted teams led by supportive leaders, driven by performance excellence and unified under a shared purpose.

As part of our culture, we also offer employee engagement and recognition programs that reward the positive impact our work makes on the lives of our customers.

Great Rewards:We offer compensation and benefits built to enhance your physical well-being, mental and emotional health and financial future.

• Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being.
• Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
• Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
• Supports flexibility- We provide workplace flexibility as well as our GEICO Flex program, which offers the ability to work from anywhere in the US for up to four weeks per year.

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.