The Baldwin Group is an award-winning entrepreneur-led and inspired insurance brokerage firm delivering expertly crafted Commercial Insurance and Risk Management, Private Insurance and Risk Management, Employee Benefits and Benefit Administration, Asset and Income Protection, and Risk Mitigation strategies to clients wherever their passions and businesses take them throughout the U.S. and abroad. The Baldwin Group has award-winning industry expertise, colleagues, competencies, insurers, and most importantly, a highly differentiated culture that our clients consider an invaluable expansion of their business. The Baldwin Group (NASDAQ: BWIN), takes a holistic and tailored approach to insurance and risk management.
The Insurance Compliance Specialist ensures that organizations comply with industry specifications, standards, regulations, and laws. They will be responsible for reviewing and helping develop admitted and non-admitted personal and commercial line product forms as well as overseeing the tracking of new and existing state statutes and existing state statutes and regulations that impact these products. This ideal candidate is responsible for end-to-end compliance.
PRIMARY RESPONSIBILITIES:
Assist in the implementation and enforcement of compliance strategy and programs that are effective in preventing violations of statutes, regulations, and company policies.
Provide guidance to the business on required changes to new products, services, and geographies.
Serve on business projects as needed, including new product development.
Assess risks and identify potential areas of compliance vulnerability.
Assist compliance manager, legal counsel, and business leaders in the resolution of potential risks and vulnerability.
Assist business and product managers in the review, preparation, and submission of accurate and timely filings of rates, rules and forms to state insurance departments.
Where requested, assist in the response to filing objections as well as communicate with the DOI and participate in meetings with the DOI to help negotiate and secure approvals of filings within established timeframes.
Consistently monitor any proposed and/or enacted legislation as well as regulatory bulletins and notices.
Research and interpret statutes, regulations, and State Insurance Department bulletins and notices to properly analyze and understand their applicability to the various business units and product lines.
Prepare and issue communications to business leaders and legal counsel regarding State Insurance Department moratoria, bulletins, or notices.
Provide guidance to the product team regarding any updates to policy forms, notices, and disclosures resulting from any state specific statutory and/or regulatory changes.
Collaborate with respective business teams to effectuate the updates and revisions and ensure system implementation of such updates and revisions.
Assist in the preparation and review of materials and information required in response to internal and external regulatory audits, data calls and surveys and assist in drafting responsive communications to the requesting parties or regulatory authorities.
Partner with the applicable business segments in preparation of and response to internal and external audits and examinations, including remediation plans resulting from such audits and exams.
Collaborate with the applicable business segments to prepare accurate and timely responses to insurance consumer complaints received from various State Insurance Departments, the Better Business Bureau, social media, or directly from consumers.
KNOWLEDGE, SKILLS & ABILITIES:
EDUCATION & EXPERIENCE:
Bachelor's Degree.
At least 5-7 years relevant, compliance experience.
IMPORTANT NOTICE:
This position description is intended to describe the level of work required of the person performing in the role and is not a contract. The essential responsibilities are outlined; other duties may be assigned as needs arise or as required to support the organization. All requirements may be subject to reasonable accommodation to applicants and colleagues who need them for medical or religious reasons.
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What We Do
BRP is now The Baldwin Group! We’ve updated our name to reflect our unified group of talented teams across the country.
The Baldwin Group is a cohesive group of experts in business insurance, employee benefits, retirement planning, and all areas of private and personal insurance. Since our founding in 2011, we’ve evolved from a local business into a national firm with a vast network of specializations and industry practices for the benefit of our more than two million clients across the country.
In addition, we have built excellent relationships with a wide range of insurance company partners. These relationships, coupled with our entrepreneurial and family-oriented culture, and deep expertise enable us to seamlessly deliver a breadth of innovative solutions to clients.
At The Baldwin Group, we help provide the solutions our clients need to have confidence and gain peace of mind as they pursue what’s possible for themselves, their families, and their businesses. Whether they are renting their first apartment or buying a larger home, opening a small business or taking their company public, we offer solutions to support them on every step of their journey. This has been our story since the beginning—we provide the indispensable expertise and quality insights that give our clients peace of mind to pursue their purpose, passion, and dreams. And that’s what The Baldwin Group will continue to do for years to come: we Protect the Possible℠.
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