Compliance Analyst - State National (Workers Compensation) - State National | Bedford, VA, USA
Markel Corporation
Bedford, VA (In Person)
Full-Time
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Job Description
Join us and play your part in something special!
The Regulatory Compliance Specialist is responsible for supporting the Markel US Insurance Division efforts to ensure compliance with state laws and regulation as they relate to the management of the insurance policy lifecycle; obtain regulatory approval of its rates, rules and forms; and communicate compliance concepts to internal partners ensuring the accurate implementation of underwriting processes.
- Develops and communicates company expectations to internal and external customers relative to assigned areas of responsibility.
- Meets statutory obligations within assigned areas of responsibility.
- Develops, enhances, and maintains business processes and procedures within assigned areas of responsibility.
- Monitors new laws or regulatory requirements related to areas of responsibility.
- Develops and implements appropriate measures of internal and external compliance within areas of responsibility.
- Maintains relationships with various state insurance departments and other regulatory bureaus/entities related to areas of responsibility.
- Becomes subject matter expert and assumes ownership of assigned areas.
- Research and analyze unique requirements resulting from new program managers, new products, or changes in insurance regulations.
- Designs processes to ensure compliance with new or updated regulatory requirements for the company and its internal and external customers.
- Facilitate meetings with internal and external business partners and regulators.
- Provide support and guidance to less experienced team members Additional Responsibilities
- Assists with special or ad hoc projects, as needed.
- Performs other duties and responsibilities as required or requested.
JOB QUALIFICATIONS
Education/Experience- High School Diploma required
- Strong Microsoft Excel Knowledge
- Workers comp reporting or data calls experience preferred Skills/Abilities
- Maintains a proactive sense of curiosity and takes initiative when necessary.
- Comfortable addressing issues with incomplete instructions or multiple variables.
- Able to identify potential issues and escalate them to management with analysis and a focus on resolution.
- Familiarity with team's rhythm; adept at applying past situations to solve new problems, as appropriate.
- Able to take feedback from one project and apply it to improve future work product.
- Able to conduct research of medium complexity with ease.
- Able to self-check work and review work of coordinators to assess accuracy and quality.
- Proficient in proofreading to ensure completeness and detect omissions.
- Able to assess risk and make decisions with multiple unknowns.
- Able to analyze complex matters, determine path for resolution, and complete tasks timely.
- Prepares and reviews reports for accuracy prior to submission to management and regulators, identifying and resolving issues before delivery.
- Begin to assist in risk assessment of business operations and/or processes.
- Strong analytical, critical-thinking, and problem-solving skills.
- Excellent people and interpersonal skills.
- Well-developed written and verbal communication skills.
- Able to work independently with minimal guidance from management.
- Adept at research and analysis of regulations, statutes and case law across 50 states.
- Able to balance multiple concurrent timelines/tasks and meet deadlines.
- Able to produce accurate, on-time deliverables and communications.
- Ability to effectively collaborate and direct compliance issues to appropriate channels for investigation and resolution.
- Maintain a "big picture" perspective and be aware of the impact of change on both internal and external stakeholders.
- Strong attention to detail, highly organized, and able to balance multiple concurrent tasks/timelines.
- Proficiency in Microsoft Office Suite.
- Knowledge of Property & Casualty insurance preferred.
- Knowledge of insurance regulatory compliance preferred.
- General knowledge of the insurance industry preferred.
- Knowledge of NAIC annual statement lines of business preferred.
Who we are:
Markel Group (NYSE - MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world. We're all about people | We win together | We strive for better We enjoy the everyday | We think further What's in it for you: In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.- We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees' needs at all stages of life.
- All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
- We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.
Caution:
Employment scams Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that:- All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings.
- All legitimate communications with Markel recruiters will come from Markel.
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