Consults and advises leadership team on interpretation and delivery of regulatory and compliance matters. Responsible for operational implementation and ongoing monitoring thereof.
Essential Functions
Monitors and coordinates the state regulatory compliance aspects of insurance licensing within the department.
Coordinates licensing appointments for agents and company with carriers.
Develop and maintain department continuing education program to comply with various state continuing education requirements for agent licensure.
Examine all correspondence and inquiries from state and federal agencies providing consult on appropriate written and/or oral response. Identify need for Corporate Legal and/or Compliance involvement and coordinate delivery as necessary.
Responsible for review and approval of, or development of, mitigation strategy plans for E&O and potential E&O cases. Identify need for Corporate Legal involvement and coordinate execution of agreed mitigation plan.
Develop Risk Mitigation recommendation for leadership based on trending identified in investigation process of E&O.
Manage all required state filings for risk purchasing groups and handle inquiries and correspondence with the various insurance departments.
Liaise with the state insurance departments to insure proper statutory compliance with applicable state law.
Liaise with insurance companies to assure proper statutory compliance.
Prepare monthly reports for management review.
Control licensing expenses within budget.
Review and consult with leadership on risk identification in Client Service Agreement, Carrier Agreements, and other agreements as identified.
Basic Qualifications:
Minimum of Bachelor's degree or equivalent experience in a related field, with a focus on risk management and/or research.
Has experience with statistical and research applications.
Proven negotiation skills with the demonstrated ability to effectively develop and leverage key relationships.
Must possess strong presentation skills and demonstrate a comfort dealing with high level executives
What Makes You Stand Out:
Possesses excellent math and problem solving skills, and can handle multiple projects simultaneously.
Decision making is proactive and timely with concentrated focus in risk mitigation and prevention.
Demonstrated ability to function effectively independently yet also lead projects cross functionally.
Effective written and verbal communication skills, including the ability to communicate internally as well externally with remote locations, external partners and various insurance departments.
Proven project and time management skills; must be resourceful in developing alternative solutions and meeting deadlines in a real time, fast paced environment.
Must demonstrate strong active listening and follow-up skills, planning, prioritizing, organization, and analytical relations skills in the performance of all essential job functions.
Strong computer skills and the ability to navigate through multiple systems without assistance, proficient in Microsoft Office
Demonstrated use of logic and creativity in decision making.
Must demonstrate professional and ethical business practices, adherence to company standards, and a commitment to personal and professional development.
Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: http://www.mmc.com/. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: www.mmc.com/diversity. Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.
