Regulatory Compliance Analyst, Specialty Segment

Company Details

"Our Company provides a state of predictability which allows brokers and agents to act with confidence."

Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.

Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.

Today the Berkley brand comprises more than 50 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.

Responsibilities

The WRBC Specialty Group Compliance Team is a newly formed team responsible for compliance activities and obligations of the Berkley Operating Units assigned to the Specialty Group Compliance segment. Currently, there are eight (8) operating units with varying levels of compliance needs. The Specialty Group Compliance Segment is primarily comprised of Operating Units providing Professional Liability, Management Liability, and product recall lines of specialty Insurance for both admitted and non-admitted Berkley statutory companies.

The Regulatory Compliance Analyst is a new position in a new segment compliance team. Reporting to the Specialty Group Compliance Manager, the Regulatory Compliance Analyst will be responsible for accurately performing core regulatory compliance processes, including but not limited to data calls and regulatory reporting, documentation of complaints, legal mail, regulator inquiries, economic sanctions, Medicare reporting, mail distribution and telephone inquiries.

Expectations include but are not limited to: 1) attention to detail and data integrity; 2.) collaboration within the Specialty Compliance Segment Team, across other Compliance Groups and the Operating Units we support, to facilitate and perform compliance activities and processes listed above; 3.) timely execution of all Specialty Segment Compliance Segment functional responsibilities above, as well as any others added as the scope of the Corporate Regulatory Compliance Segments matures; 4) the ability to build and sustain effective professional relationships throughout the WRBC organization and with key resources and stakeholders.

The Regulatory Compliance Analyst will perform the following responsibilities:

Consumer Complaints

Mail Distribution & Telephone

Regulator Inquiries/Communication

Data Calls

Bureau reporting and reconciliation

Economic Sanctions/OFAC

Fraud Management

Medicare

Privacy

Paper Management

Legislation & Regulation tracking and communication

Other duties as assigned.

Attends trade organization webinars and training sessions to stay informed on trends in the industry, insurance regulations, and individual role.

Qualifications

Must be able to proficiently use Microsoft suite of products: Word; Excel; Outlook; Teams.

Experience gathering and submitting data calls is preferred.

Knowledge of Westlaw, Nexis/Lexis, Walters Kluwer or similar subscription services preferred.

Must have good organization skills and a strong attention to detail.

Must have strong analytical skills.

Must be able to work under time constraints and be self-motivated.

Education Requirement

High school diploma or general education degree (GED) is required.

Insurance designations (ASLI, CPCU, etc) or college level coursework preferred.

Minimum 1-3 years Casualty Insurance-related experience.

Prior legal or regulatory compliance experience preferred.

The Company is an equal employment opportunity employer

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