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CopperPoint Insurance Companies

Compliance Specialist

CopperPoint Insurance Companies, Chicago

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CopperPoint has an exciting opportunity for a Compliance Specialist. The Compliance Specialist will assist workers' compensation and commercial property and casualty insurers in the development and administration of an effective regulatory compliance program to ensure compliance with state regulatory and statutory requirements. This position also investigates and resolves compliance issues and communicates with regulators.
Job Responsibilities:

  • Participates in the administration and oversight of compliance programs for all jurisdictions and product lines written by CopperPoint
    • Works with the CCO, VP Compliance, Legal Compliance team and Compliance Oversight Committee to assist CopperPoint departments to develop and implement compliance programs that include: identification of applicable regulatory requirements, creating control plans to ensure compliance, monitoring for changes to compliance requirements, identifying areas of non-compliance and implementing and tracking actions to restore compliance
  • Assists in coordinating and administering licenses held by the CopperPoint group and in making required filings to maintain those licenses with state insurance departments, secretaries of state, corporation commissions, etc.
  • Coordinates and maintains log of responses to regulatory matters and/or inquiries from regulators
  • Works with attorneys and Compliance team to research, document, communicate and track compliance-related legal and regulatory changes and information arising from bulletins and other information issued by regulatory and non-regulatory authorities (including APCIA, NAMIC, NAIC, NCCI, ISO and AAIS) affecting lines of business written by CopperPoint and follows up to ensure implementation of necessary changes
  • Assists in reviewing new and revised insurance products, policies and other required forms to ensure compliance with state regulatory and statutory requirements and in making required filings
  • Assists in coordinating regulatory examinations and audits (i.e. financial exams, market conduct exams) and responses to data calls and surveys
  • Manages regulatory/compliance software
  • Perform other compliance, legal and administrative tasks
  • Supports the Compliance Committee, ad-hoc and special projects
  • Helps to develop, implement and continually improve processes and procedures
  • Prepares reports and metrics for the compliance team, as needed
Qualifications/Competencies:
  • Bachelors Degree and a minimum of 1-year previous experience in corporate compliance, legal, risk management, insurance compliance or internal audit environment preferred. Corporate regulatory compliance experience is a strong plus.
  • Research skills to perform legal and compliance research using online insurance and legal resources
  • Organizational skills to effectively and efficiently work with large volumes of documents and data
  • Ability to analyze complex compliance issues, evaluate alternatives, and recommend creative solutions
  • Effective presentation skills
  • Teaming skills
  • Strong analytical skills with the ability to successfully manage and prioritize multiple tasks
  • Advanced skill in Excel, Adobe Acrobat and Microsoft Word, including redlining/tracked changes to contracts during negotiations.
  • Proficient with collaboration software including Teams and SharePoint.
  • Self-driven with a desire to independently expand knowledge on relevant legal, compliance and business topics
  • Strong initiative and problem-solving skills
  • Detail oriented
  • Research and analytical skills
  • Ability to maintain strict confidentiality of sensitive information
  • Strong work ethic with ability to work independently
Benefits:
  • Employees and their families are eligible to participate in CopperPoint Insurance Companies benefit plans including medical, dental, vision, short-term disability, long-term disability, life insurance, a health savings account, a flexible spending account, and a 401k plan.
  • We provide some benefits at no cost to the employee (Basic Life Insurance and AD&D at two times an employees annual salary, Short- and Long-term Disability coverage, and Employee Assistance Plan).
  • Employees will accrue 0.0769 hours of Paid Time Off (PTO) per paid hour, which may total 20 days a year. In addition, employees will also receive 10 paid holidays throughout the calendar year.
Salary Range:
  • $62,000.00 - $86,000.00 annually
  • Compensation may vary dependent on skills, experience, education, and geographical location.
  • In addition to base salary, compensation may include an annual discretionary bonus.
Founded in 1925, CopperPoint Insurance Companies is a leading provider of workers compensation and commercial insurance solutions. With an expanded Line of insurance products and a growing ten-state footprint in the western United States, CopperPoint embodies stability for policyholders in Alaska, Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, and Washington. CopperPoint Mutual Insurance Holding Company is the corporate parent of Arizona-based CopperPoint Insurance Companies, Alaska National Insurance Company, and other CopperPoint Insurance Entities.
CopperPoints culture of compassion extends to the community through employee volunteerism, corporate matching, Board service, program sponsorships, and in-kind contributions. We empower employees by providing 12 hours of paid volunteer time annually and matching their personal contributions to the charities of their choice up to $500 per year. In 2020, CopperPoint employees reported 3,500 volunteer hours.
CopperPoint offers a competitive compensation package and comprehensive benefits package including major medical, dental, vision and a wide range of competitive benefits programs, generous matching contributions to your 401(k) plan, generous paid time off, tuition reimbursement and other education benefits and business casual dress. CopperPoint is an equal employment opportunity employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by state, federal or local law. CopperPoint maintains a drug-free workplace.
Seniority level
  • Seniority level
    Entry level
Employment type
  • Employment type
    Full-time
Job function
  • Job function
    Finance and Sales
  • Industries
    Insurance

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