Compliance Analyst

Posted 14 Days Ago
Hiring Remotely in USA
Remote
55K-75K Annually
1-3 Years Experience
Insurance • Financial Services
The Role
The Compliance Analyst at BHDIC is responsible for investigating and drafting responses to inquiries made by consumers and regulatory agencies, monitoring state insurance regulation changes, and ensuring the company's compliance with insurance regulations. The role also involves assisting with consumer complaints, responding to regulatory inquiries, reviewing and updating company policies, and developing compliance reports.
Summary Generated by Built In

As a member of the Berkshire Hathaway group of insurance companies, we offer outstanding opportunities for professionals interested in working with a successful company. We offer unparalleled financial strength, stability and “large company” benefits, in addition to an exciting, friendly, “small company” atmosphere.

The Compliance Analyst will be responsible for investigating and drafting responses to inquiries made by consumers, state regulatory agencies, and the BBB. This position will also involve monitoring state insurance regulation changes and communicating with business partners to recommend and implement procedural changes across the organization to ensure business operations comply with changing requirements. The Compliance Analyst will coordinate with the Compliance Department members to ensure the Company’s compliance with state and federal insurance regulations. The Compliance Analyst will assist with reviews of Company procedures and will track the required changes.

Insurance experience is highly preferred for this position.

Job Responsibilities

  • Conducts research of insurance regulations; provides written analysis to compliance team.
  • Notifies Company personnel of regulatory changes, including written instructions for implementing the changes.
  • Assists with responses to consumer complaints.
  • Responds to regulatory inquiries regarding market conduct.
  • Reviews and updates the relevant Company policies, procedures and guidelines.
  • Revises Company filings to comply with new or revised state laws.
  • Develops and maintains reporting on compliance matters.
  • Maintains various organizational and reference spreadsheets as necessary.
  • Performs other related duties as assigned.

Required Skills and Abilities

  • Excellent verbal and written communication skills.
  • Excellent interpersonal skills.
  • Excellent organizational skills and attention to detail.
  • Excellent time management skills with a proven ability to meet deadlines.
  • Strong analytical and problem-solving skills.
  • Ability to function well in a high-paced and at times stressful environment.
  • Ability to maintain confidentiality, and to exercise discretion and good judgment. 
  • Proficient with Microsoft Office Suite, Slack, and related software.

Required Knowledge

  • Bachelor’s degree
  • Insurance terminology
  • Insurance industry experience highly preferred
  • Personal computer and related software such as Excel, Access, Word, PowerPoint

About BHDIC

biBerk is where small business owners can obtain commercial insurance coverage from insurers of the Berkshire Hathaway group of Insurance Companies, one of the best capitalized insurance groups in the world. Our ultimate parent, Berkshire Hathaway Inc. (berkshirehathaway.com) is a holding company with diversified interests in a host of industries, including insurance, energy, transportation and manufacturing. Most policies issued through biBERK.com will be underwritten by Berkshire Hathaway Direct Insurance Company ("BHDIC"), which is an AM Best rated A++ insurer.

BHDIC is domiciled in Omaha, Nebraska. BHDIC and the team at biBERK are focused on helping small business owners quickly and easily buy affordable insurance directly from a financially strong insurance company they can trust.

Some highlights of our benefits are:

  • Great work environment with growth opportunity
  • Competitive compensation
  • Generous amounts of vacation and sick time
  • Closed on major holidays
  • 401(k) with company match and profit sharing
  • A fantastic healthcare package
  • Tuition reimbursement after 6 months of employment

In accordance with pay transparency laws and regulations, the following good faith compensation range estimate is being provided. The salary range for this position is $55,000 to $75,000 per year. Final compensation will be based on candidate qualifications, geographic location, and other considerations permitted by law.

Top Skills

MS Office
Slack
The Company
Omaha, Nebraska
424 Employees
On-site Workplace

What We Do

biBerk helps small-business owners find the right insurance policies for their needs without extra costs and hassles. As a part of Warren Buffett’s Berkshire Hathaway insurance group, our approach is to help you find the coverage that’s right for your business right now. As your business grows, we offer the added insurance products that you need so your coverage grows with you.

biBerk can help you with all your small business insurance needs, including:
- Workers’ Compensation
- Professional Liability (E&O)
- General Liability
- Property & Liability (BOP)
- Commercial Auto
- Umbrella


We’re also backed by an expert customer service team that can answer any question you throw at them. We’ll help you find the right insurance policy for your small business.

Rated A++ by A.M. Best Company and AAA by Standard & Poor’s Corporation

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