Compliance Specialist I

Overview

Supports Legal/Regulatory Department in Cleveland, Ohio. Has shared responsibility for assisting with a variety of legal, regulatory, and compliance matters. Maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust organization

Responsibilities

Responsibilities:

 

1. Supports attorneys by facilitating insurance company UCAA filings, including researching filing requirements; gathering, drafting, and submitting filing materials via the online UCAA portal; and coordinating prompt responses to regulator questions.

 

2. Assists team with processing Consumer Complaints pursuant to internally developed policies, including complaint intake and internal distribution, troubleshooting with external regulators, and preparing management reports.

 

3. Monitors companywide regulatory update tracking and ensures timely compliance.

 

4. Maintains record of all certificates of authority and lines of authority held by AmTrust insurance carriers.

 

5. Prepares and submits routine regulatory filings; corresponds with state Departments of Insurance or other regulatory agencies.

 

6. Provides limited administrative tasks as needed to support UCAA filings and other department projects (e.g., distributing documents, preparing regular and overnight mail, maintaining hard copy and electronic files, and tracking projects in a matter management system).

 

7. Maintains knowledge of trends in the industry and familiarity with legal requirements and guidelines.

 

8. Such other duties as may be assigned from time to time, including, but not limited to, assisting with projects within or outside the Legal Department, covering for an absent co-worker, and training employees.

 

 

9. Keeps current with market trends and demands.

 

10. Performs other functionally related duties as assigned.

 

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Qualifications

Qualifications: Required:

· Bachelor’s Degree and/or Paralegal certification

· Skilled in Microsoft Office (Word, Excel, PowerPoint, SharePoint, CoPilot) and other software products typically used in a Legal/Regulatory/Compliance department

· Strong organizational skills and detail oriented

· Ability to professionally interact with people at all levels of the corporate structure in-person, by phone or video, and in writing

· Quick learner with a strong desire to take on additional responsibilities and stretch outside his/her comfort zone

· Good writer capable of handling different formats and styles (e.g., e-mail; cover letter; business plans)

· Self-motivated team player with the proven ability to prioritize and handle numerous competing demands in a high-volume, fast-paced working environment, frequently under urgent deadlines

· Builds strong relationships with fellow team members and collaborates effectively

· Ability to handle confidential information sensitively and discreetly

Preferred:

· Minimum of two years of corporate paralegal/administrative and/or insurance regulatory experience

· Familiarity with regulatory compliance issues and state insurance law

This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all activities, duties, or responsibilities that will be required in this position. AmTrust has the right to revise this job description at any time.