Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.
Why This Role Matters:
The Senior Compliance Consultant will be primarily responsible for assisting with the compliance management and oversight of our wholesale broker-dealer, Clarendon Insurance Agency, Inc. Additional responsibilities will include supporting general compliance functions relating to the annuity and life insurance business lines. This role will interact with senior management, distribution, product and operations on a variety of projects and issues critical to the Company’s success.
How You'll Contribute:
- Process state registrations and insurance licenses and track continuing education requirements
- Facilitate courses and exams for securities registrations and insurance licensure
- Coordinate reporting for licensing activity
- Track & Monitor Annual, Quarterly and Monthly Firm Element and Compliance Requirements
- Manage compliance email box and respond to questions appropriately
- Aggregate data for monthly, quarterly supervisory reports
- Prepare 407 Letters in response to employee requests when opening accounts at another financial institution
- Review and log gifts, entertainment and non-cash compensation activity and publish periodic reports
- Conduct review of annuity and life insurance marketing materials, including social media posts, blogs, videos and podcasts, and review and monitor electronic communications for compliance with regulations and policies
- Participate in compliance program testing, which includes transactional and periodic testing of supervisory controls
- Respond to questions from business unit personnel and wholesalers regarding compliance policies and procedures
- Assist with ad hoc projects and various initiatives
What We're Looking For:
- Bachelor’s degree
- FINRA Series 6 & 26 preferred - required within 6 months of hire
- Minimum 3+ years of financial services experience
- Knowledge and understanding of insurance laws, SEC regulations, FINRA rules and other requirements related to the life and annuity business
- Sound judgment and ability to analyze complex situations
- Strong work ethic, team player
- High degree of professional ethics and integrity
- Excellent organizational skills and attention to detail
- Effective communication skills, both verbal and written
- Commitment to customer service and quality
Compensation:
Our compensation reflects the cost of labor across several U.S. geographic markets. The base pay for this position ranges from $85,000/year in our lowest geographic market up to $100,000/year in our highest geographic market. Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience.
Benefits Highlights:
Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability. All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required. Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.
Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.
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What We Do
Group 1001 Insurance Holdings, LLC (“Group 1001”) is an insurance holding company in the United States, with current combined assets under management of approximately $57.5 billion as of June 30, 2022, and a mission for setting a new standard in the insurance industry by making insurance more useful and intuitive for everyone. Group 1001 is a long-standing, nimble, and tech-driven financial services enterprise established on deep industry expertise and reliable delivery of long-term value through empowering its customers, employees, and communities. Leveraging upon its record of building successful businesses and strong operating fundamentals, Group 1001 powers the next generation of insurance businesses with useful and intuitive solutions and products accessible to everyone. Group 1001 invests in strategic partnerships as part of our mission to transform communities through sports and education. Group 1001 and our subsidiaries have a strong commitment to service and community transformation. Education and sports initiatives, coupled with impactful partnerships, allow Group 1001 to improve lives through positive change in our communities. Learn more at Group1001.com.
