What are the responsibilities and job description for the Compliance Specialist position at Chubb Benefits?
Chubb Benefits, a Chubb Company, is seeking a Compliance Specialist to join our fast-paced, high energy, growing company. We are proud of our tradition of success in the insurance industry of over 100 years. Come join our team of hard-working, talented professionals!
JOB SUMMARY
The Compliance Specialist is responsible for supporting the regulatory compliance function of Combined Insurance. The Compliance Specialist will maintain an effective regulatory compliance program by conducting audits, assisting with Compliance Assurance Reviews, ensuring robust compliance standards, raising awareness of compliance issues, implementing controls to monitor and prevent compliance deficiencies. This individual will report to the Compliance Officer
.
RESPONSIBILITI
- ESExecute the compliance strateg
- y;Audit business for compliance with a focus on claims and operations monitoring, and including ensuring the implementation of regulatory requirements, policies, and controls, and establish remediation plans for audit finding
- s;Develop and maintain relationships with, and provide timely guidance and advice to, business partner
- s;Partner with the Compliance Officer to ensure that compliance guidance is implemented, action plans are completed timely, and that proper controls are in place and effectiv
- e;Ability to assist business partners in ensuring timely and accurate implementation of new regulatory requirements and control
- s;Conduct regular monitoring and testing of compliance controls in plac
- e;Oversee and advise on effective controls related to the monitoring of third partie
- s;Report and escalate compliance issues and developments as require
- d;Assist the Compliance Officer in compliance reporting requirements to various stakeholder
- s;Assist the Compliance Officer with preparing data files, reports and spreadsheets in response to internal and external data and reporting request
s.
SKILLS AND COMPETENC
- IESDemonstrated understanding of the insurance regulatory environme
- nt;Strong analytical and technical skills in using data analytics to review audit results and data and understand “root causes” of compliance deficiencies and effectiveness of contro
- ls;Demonstrated ability to develop relationships with both internal and external stakeholde
- rs;Ability to consistently execute and deliver resul
- ts;Ability to manage multiple projects in a dynamic constantly changing environme
- nt;Strong knowledge of MS Project, Excel, PowerPoint Word; and legal/compliance research too
ls.
EDUCATION AND EXPERIE
- NCE 3 years of insurance industry experience, preferably in the areas of accident and health related produ
- cts;3 years’ experience in compliance/regulatory experience including compliance auditing, monitoring and tes
ting
About Chubb Ben
efitsCombined Insurance Company of America (Chubb Benefits) is a leading provider of supplemental accident, health, disability, and life insurance products in the U.S.** and Canada. Headquartered in Chicago with a tradition of more than 100 years of success, we are committed to making the world of supplemental insurance easy to understand. The company has an A rating by the Better Business Bureau and an A (Superior) financial strength rating by AM
Best.** In New York, products are underwritten by Combined Life Insurance Company of New York (Latham, N
.Y.).
Ab
out UsChubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations glo