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Compliance and Product Specialist

Frankenmuth Insurance · US

Summary: Under general supervision and with independent judgment supports the company’s mission of maintaining regulatory compliance by acting as the regulat...

Job description

Summary: Under general supervision and with independent judgment supports the company’s mission of maintaining regulatory compliance by acting as the regulatory liaison for internal stakeholders and external partners, and is responsible for personal lines and commercial lines filings of the company’s rates, rules and forms with state departments of insurance, by performing the following duties: Essential Duties and Responsibilities: 1. Acts as regulatory liaison for internal stakeholders, including management, and external partners, including: a. Offers expert guidance and technical knowledge using strong analytical skills to influence decisions made due to changes in the regulatory environment b. Identifies and evaluates alternatives to achieve and maintain compliance while meeting business goals and objectives c. Manages market conduct exams and other audit activities d. Manages and implements OFAC requirements e. May handle larger and more complex filings and other projects f. Collaborates with legal counsel as needed g. Builds and maintains solid relationships with stakeholders, management, external partners and state regulators 2. Promotes compliance with federal and state ins...