Regulatory Analyst

Regulatory Compliance Analyst

The Regulatory Compliance Analyst is responsible for independently performing core regulatory compliance services in a timely and efficient manner for the E&S Compliance Team of W.R. Berkley Corporation. Reporting to the Manager of the E&S Compliance Team, the Regulatory Analyst:

1.) thoughtfully completes compliance processes concerning complaints, legal mail, regulator inquiries, and economic sanctions, among others, and 2.) may also support or document compliance by the businesses served by the Group Compliance Team.

Key Functions/Duties of Position:

The Regulatory Compliance Analyst will perform the following responsibilities:

• Appointments/Licensing - Primarily responsible for dividing adjuster and appointments work with other team members. Processes new licenses and renewals. Process appointments in various licensing systems required.
• Consumer Complaints – Primarily responsible for receiving and processing new complaints and follow-up complaints. Contacts states for any needed extensions. Sends reminders to enterprise staff for responses and files response with documentation with states. Responsible for file documentation and management as part of final responses to state.
• Mail Distribution & Telephone – Processes legal mail and provides coverage for answering phone calls to Regulatory line, as needed.
• Regulator Inquiries/Communication – Communicates with regulators as needed and in coordination with direction by Manager.
• Data Calls – Primarily responsible for handling and aggregating data calls with other team members. Also may be required to process premium by broker reporting.
• Economic Sanctions/OFAC – Provides back-up coverage for OFAC and must be able to process OFAC alerts in Lexis Nexis and manually, as needed.
• Medicare – Provides assistance to Claims operations as needed for Medicare compliance.
• Attends trade organization webinars and training sessions to stay informed on trends in the industry, insurance regulations, and individual role.
• Other duties as assigned

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 insurance-related experience.
• Prior legal or regulatory compliance experience preferred.
• Prior paralegal experience preferred.

Qualifications:

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