Compliance and Product Specialist

This is a fully remote position, open to applicants in United States.

📋 Description

• Provide support for general insurance along with product compliance and legal/regulatory tasks conducted by the Obsidian Legal team.

• Aid in the development and execution of continuous reviews of program business and adherence to state and federal laws, regulations, and company policies.

• Evaluate coverage forms and endorsements across Property and Casualty lines to ensure underwriting intent and compliance with state mandates.

• Analyze and interpret new or updated laws, regulations, bulletins, and regulatory publications.

• Oversee and track assigned programs in line with business standards and the regulatory framework.

• Conduct preliminary due diligence assessments of new program business, including OFAC, TRIA, cybersecurity, record retention, policy issuance and cancellation/non-renewal, motor carrier and DMV automobile filings, along with other regulatory obligations.

• Maintain ongoing compliance oversight following program implementation.

• Collaborate with Underwriting during the implementation, launch, and renewal processes.

• Review rating and associated rules for coverage forms and endorsements in conjunction with Actuarial.

• Coordinate with Actuarial and Accounting to collect data for state data calls and regulatory submissions.

• Manage the filing tasks of third-party vendors, including preparing filings, approving final filing packages, reviewing state objections, escalating issues, and communicating filing approvals.

• Conduct due diligence and compliance audits, generate audit reports, and share findings with Legal, Underwriting, Actuarial, and external general agents.

• Undertake ad hoc compliance-related research and projects.

⛳️ Requirements

• Bachelor’s degree.

• Previous experience in Property and Casualty Program business, encompassing both admitted and non-admitted regulatory environments.

• Proficient in drafting coverage forms and endorsements.

• Over 7 years of related experience.

• Capability to identify relevant admitted and surplus lines compliance requirements for property and casualty lines of business and clearly articulate those requirements to internal departments and external partners.

• Strong written and verbal communication skills.

• Ability to succinctly summarize information.

• Proficient in organizing, prioritizing, and meeting deadlines for multiple simultaneous projects.

• Exceptional analytical skills to assess contracts, underwriting guidelines, and policy language.

• Strong presentation abilities.

• Proven ability to work independently as well as collaboratively within a team.

• Excellent time management skills and meticulous attention to detail.

• Juris Doctorate from an accredited law school and currently licensed to practice law in at least one U.S. jurisdiction is preferred.

🏝️ Benefits

• Fully remote work arrangement.