Compliance & Product Specialist

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

📋 Description

• Provide support for general insurance, product compliance, and legal/regulatory operations conducted by the Obsidian Legal team.

• Assist in the development and continuous review of program business while ensuring adherence to state and federal laws, regulations, and corporate policies.

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

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

• Oversee and track assigned programs through meetings and email correspondence with general agents.

• Conduct preliminary due diligence assessments of new program business and maintain ongoing compliance supervision.

• Collaborate with Underwriting on compliance findings, coverage intent, policy language, underwriting guidelines, launches, and program oversight.

• Partner with Actuarial on the rating process and associated rules for coverage forms and endorsements.

• Work alongside Actuarial and Accounting to collect data for state data calls and regulatory reports.

• Oversee the filing work of third-party vendors, including preparation, final package approval, state objections, and filing approvals.

• Execute due diligence and compliance audits, generate audit reports, and communicate findings to 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.

• Proficiency in drafting coverage forms and endorsements.

• At least 7 years of related experience.

• Capability to identify applicable admitted and surplus lines compliance requirements for property and casualty lines and effectively communicate these requirements to both internal departments and external partners.

• Strong written and verbal communication skills.

• Ability to succinctly summarize information.

• Competence in organizing, prioritizing, and adhering to deadlines across multiple concurrent projects.

• Excellent analytical skills for reviewing contracts, underwriting guidelines, and policy wording.

• Strong presentation abilities.

• Capacity to work both independently and collaboratively within a team.

• Effective time management skills and keen attention to detail.

• A Juris Doctorate from an accredited law school and a current license to practice law in at least one U.S. jurisdiction is preferred.

🏝️ Benefits

• Comprehensive health, dental, and vision insurance.

• Mental health benefits.

• Employee assistance program.

• Paid time off.

• Paid parental leave.

• Short-term disability.

• Cultural observance day.

• Contributions to healthcare accounts.

• Pension plan.

• 401(k) plan with company matching.

• ProHealth Rewards wellbeing platform offering cash rewards.

• Additional incentive opportunities through an annual incentive based on individual and company performance.