Senior Carrier Audit Support and Compliance Specialist

ryansg; Chicago (IL); On-site; USD 70,000 - 75,000; Full time

Benefits offered by this job

Paid time off

Parental leave

Mental health services

Job summary

Ryan Specialty is seeking a Senior Operations, Controls, and Carrier Compliance Specialist to support carrier contract adherence and the company’s compliance framework. You will work closely with IT, Brokerage and Binding management to analyze contracts, coordinate audits, and implement controls across financial, IT, and operational processes.

The role requires a Bachelor’s degree and 3+ years of relevant experience, with strong analytical, data management and communication skills.

Qualifications

• Bachelor's Degree and 3+ years relevant experience required, preferably with an insurance organization, broker, or MGA
• Experience with compliance, audit or a similar background is desirable.
• Strong analytical, data management and decision-making skills.
• Contract review experience
• Organized, with exceptional attention to detail.
• Excellent interpersonal, presentation, and communication skills.
• Ability to work independently in an undefined work environment.
• Ability to take initiative, guide, and influence others toward goal accomplishment.
• Working knowledge of audit frameworks.
• Strong business acumen and deep knowledge of Microsoft Excel and Word.

Responsibilities

• Conduct data analysis to support business decision making and business process improvement.
• Review carrier contracts to identify key terms that require system changes and coordinate with IT to facilitate and review updates
• Maintain appropriate documentation of the system setup and review process so that the necessary support is available for SOX and External Audit requirements.
• Understand existing financial, I.T, and operational controls and manage adherence to those controls, making sure documentation of controls are updated and communicated as necessary.
• Develop, document, implement, and communicate new controls where necessary as business needs for controls arise.
• Support the carrier audit function, including collaborating with various internal stakeholders to provide requested information, coordinate the audits timely and smoothly, as well as obtaining audit responses from internal teams as requested by the auditors.
• Perform special projects as needed to support the operations of the RT division.
• Other related tasks/teams may be assigned as needed.

Skills

Data analysis

Analytical thinking

Contract review

Interpersonal skills

Presentation skills

Communication skills

Independent work

Initiative

Audit frameworks

Excel

Word

Education

Bachelor's Degree

3+ years experience

Tools

Microsoft Excel

Microsoft Word

Job description

Position Summary

The Senior Operations, Controls, and Carrier Compliance Specialist will support special projects throughout RT operations, primarily associated with carrier contract adherence. This position will also support day to day support of our carrier compliance and control framework. This position works closely with IT teams, RT Brokerage and Binding management, and other Business Shared Service teams. The position will need to be familiar with contracts (carrier contracts experience preferred), IT systems and will need to have strong analytical and problems solving skills. In addition, this position will assist with carrier audits and ad-hoc carrier requests. The carrier audit process will require coordination of all internal and external parties and associated information requests throughout the audit process, while adhering to both internal and external deadlines.

What will your job entail?

Essential Duties and Responsibilities:

• Conduct data analysis to support business decision making and business process improvement.
• Review carrier contracts to identify key terms that require system changes and coordinate with IT to facilitate and review updates
• Maintain appropriate documentation of the system setup and review process so that the necessary support is available for SOX and External Audit requirements.
• Understand existing financial, I.T, and operational controls and manage adherence to those controls, making sure documentation of controls are updated and communicated as necessary.
• Develop, document, implement, and communicate new controls where necessary as business needs for controls arise.
• Support the carrier audit function, including collaborating with various internal stakeholders to provide requested information, coordinate the audits timely and smoothly, as well as obtaining audit responses from internal teams as requested by the auditors.
• Perform special projects as needed to support the operations of the RT division.
• Other related tasks/teams may be assigned as needed.

Education/ Experience/ Skills:

• Bachelor's Degree and 3+ years relevant experience required, preferably with an insurance organization, broker, or MGA
• Experience with compliance, audit or a similar background is desirable.
• Strong analytical, data management and decision-making skills.
• Contract review experience
• Organized, with exceptional attention to detail.
• Excellent interpersonal, presentation, and communication skills.
• Ability to work independently in an undefined work environment.
• Ability to take initiative, guide, and influence others toward goal accomplishment.
• Working knowledge of audit frameworks.
• Strong business acumen and deep knowledge of Microsoft Excel and Word.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them - and their family members - achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

• Paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $70,245.00 - $75,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to pe