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PC
PMA Companies
Compliance Analyst
Career Insights for Compliance Officer / Analyst
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Based on Florida data
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What they do
A Compliance Officer or Analyst monitors internal compliance with company policies and also company compliance with local, state and federal laws. Reviews company documents, including contracts and marketing materials; communicates with employees and develops training and internal policy materials.
$73,310 / year median in Florida
+2% projected growth
Job Description
The purpose of the role is to ensure PMA's compliance with regulatory requirements regarding PMA'skey business partners - its producers. The role is responsible for onboarding, appointing and terminating producers in compliance with internal policies and regulatory requirements. Internal reporting to finance and other business functions will help PMA manage its business. Monitoring legal and regulatory. Changes affecting appointment requirements will help PMA stay compliant.
- Work with PMA's National Distribution team (and other Old Republic business units supported byPMA) to handle the onboarding of insurance producer business partners (insurance brokers andagents), ensuring compliance with internal policies and practices, as well as applicable regulatoryrequirements.
- Process insurance producer Notice of Appointment and Termination of Appointment filings withapplicable state insurance regulators.
- Coordinate with internal team members and external insurance producer personnel to collectinformation and documents supporting onboarding and appointments.
- Manage producer onboarding and appointment workflows, facilitating timely follow-up with internalstakeholders and external business partners to ensure requirements are met.
- Manage multiple workstreams and prioritize as necessary to ensure projects are completedaccurately and on time while promoting positive relationships with the Company's insuranceproducers.
- Communicate relevant information effectively, including requirements, updates, and timelines,both internally within the Company and externally.
- Investigate open issues and collaborate with internal team members to identify resolutions.
- Maintain insurance producer records and related database systems.
- Maintain and enhance the Company's insurance producer onboarding and appointmentprocesses; educate internal and external stakeholders on those processes.
- Develop an understanding of the insurance producer management software systems and othertechnology tools (e.g., Sircon Producer Manager, Excel) used to manage insurance producerappointments and related data.
- Leverage technology to create reports on insurance producer activity in response to informationrequests from other business units or regulators.
- Process invoices for insurance producer appointments; assist Finance and Tax with reporting andallocation of appointment-related fees and costs.
- Work with attorneys in the Company's Legal department to address legal and regulatory matterspertaining to insurance producers (e.g., licensing and appointments).
- Monitor legal and regulatory changes affecting producer licensing and appointments.
- Assist with other insurance licensing requirements.
- Familiarity with Sircon producer management system a plus.
- Excellent organizational and time management skills, and strong attention to detail.
- Excellent written and oral communication skills.
- Able to manage multiple workstreams and competing deadlines independently.
- Resourceful, with strong critical thinking and problem solving skills.