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Compliance Analyst

companyKinsale Insurance
locationRichmond, VA, USA
PublishedPublished: Published 1 week ago
Compliance Management Systems / Technology
Kinsale Insurance is an Excess & Surplus lines insurer specializing in hard-to-place, small to medium sized commercial accounts. Kinsale is eligible in all states and writes a variety of Property, Casualty and Specialty lines. Given the experience of our staff and our control over the underwriting and claims processes, Kinsale offers unmatched underwriting flexibility to brokers placing difficult E&S accounts. Kinsale will consider offering terms on a wide range of risks including accounts with new or high hazard operations and businesses that have a poor loss history or that are located in high-risk venues. We are hiring a Compliance Analyst to join our team onsite in our beautiful new office building in Richmond, VA.

Job Description:

The Compliance Analyst is responsible for supporting property casualty insurance company's regulatory and compliance functions pertaining to the following: Adherence to all regulatory requirements, compliance with regulatory filing deadlines, maintenance of authority to do business in all jurisdictions, insurance brokerage operations compliance, marketing and corporate functions.

Position Functions:
  • Maintain authority to do business in all states and assist in necessary filings
  • Monitor for legal, regulatory, and legislative changes, using legal database, trade organization websites, state department of insurance websites, and other research tools available
  • Assist in the implementation of any practices, procedures, or changes made necessary by the findings of such research
  • Effectively communicate regulatory guidance to Company staff
  • Coordinate creation of data extracts and responses to various state data calls
  • Maintain schedule and ensure that reports and eligibility filings are made on a timely basis to state insurance departments on an annual or more frequent basis
  • Maintain well-organized electronic files
  • Coordinate collection and reporting of surplus lines tax allocation information from brokers
  • Research and coordinate delivery of brokerage operations compliance procedures
  • Respond to DOI complaints and inquiries, as well as other compliance-related consumer complaints
  • Ensure that the content, design, and implementation of property casualty forms and endorsements meet applicable regulatory requirements
  • Participate in special projects as needed
Knowledge and Qualifications:
  • Excellent oral and written communication skills as well as solid analytical and problem-solving skills are necessary
  • Attention to detail and focus on accuracy, intellectual curiosity, organizational skills, proofreading, grammar and composition skills, research skills
  • Ability to interact, communicate, and work collaboratively in a professional manner with various people at all levels within the organization and with regulators at insurance departments
  • Ability to appreciate the importance of tracking and meeting deadlines
  • Bachelor's degree required, some insurance industry coursework and/or desire for continued professional development
  • Proficient in the use of Word, Excel, Outlook
  • Minimum 4 years' experience in property and casualty insurance industry, preferably in legal or compliance operations. Surplus lines experience desirable
At Kinsale we offer the following great benefits:
  • Competitive salary with performance-based bonus opportunities
  • Single and family health, dental, and vision insurance plans with a generous percentage of maximum HSA funds contributed by the company
  • Short-term and long-term disability
  • Life insurance
  • Matching 401(k), fully vested from first day of contribution
  • Generous paid time off and holidays
  • Yearly reimbursement for educational training and development opportunities
  • Promotion from within the company with clear goals and developed career paths