What are the responsibilities and job description for the Regulatory Analyst position at Trean Corporation?
Description
POSITION SUMMARY:
Responsible for maintaining compliance of all lines of business and communicating with Insurance Departments for regulatory issues.
KEY RESPONSIBILITIES AND ESSENTIAL FUNCTIONS:
- Draft and review rate, rule, & form filings as respects ongoing and new lines of business
- Communicate with state Departments of Insurance, workers’ compensation bureaus, industry bureaus and associations, etc., regarding regulatory issues, including exams and other inquiries
- Research, analyze and interpret bureau circulars and bulletins to identify impact and act on items significant to company operations
- Research, analyze and explain rules and regulations
- Assist in underwriting compliance and filing issues involving company, rate, and coverage form issues
- Perform regular review audits of business partner programs to ensure compliance with regulatory requirements
- Respond to complaints received from Policyholders
- Act as primary SIU/Fraud reporting contact and ensure timely completion of anti-fraud training requirements
- Manage and update policy issuance system with rate and form changes
- Communicate with internal reporting team regarding filing and reporting requirements
- Train staff as needed
- Ability to travel occasionally
- Perform other activities, duties and assignments as needed
Requirements
MINIMUM QUALIFICATIONS:
- Demonstrated ability to define problems, collect and analyze data, establish facts, draw valid conclusions and recommend solutions in a dynamic environment
- Ability to present to external parties in a pleasant, professional manner and enhance the appeal and reputation of the organization as a knowledgeable and service-oriented organization
- Computer skills including knowledge of Microsoft Office Suite or equivalent
- Excellent oral and written communication skills, and ability to handle confidential, sensitive information
- High attention to detail, in combination with strong organizational and time management skills
- Ability to effectively manage deadlines independently and within a team environment
- Bachelor’s degree
DESIRED QUALIFICATIONS:
- Working knowledge of laws, regulations, and industry standards relevant to insurance, including program compliance audit reviews, regulatory filings, and reporting
- 3-5 years’ experience in the insurance industry, specifically with analyzing, drafting and reviewing insurance policy forms and underwriting/rating manuals in compliance with statutory requirements throughout multiple states
- Knowledge of insurance underwriting procedures
- Familiarity with the following tools and resources: SERFF, iFile/IRFS, NCCI, ISO, Salesforce, PowerBI
- Professional certification such as CPCU or similar
Salary : $65,000 - $77,000