Compliance Specialist I

About the position Supports Legal/Regulatory Department in Cleveland, Ohio. Has shared responsibility for assisting with a variety of legal, regulatory and compliance matters. Maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust organization.

Responsibilities

• Supports attorneys with: a) handling regulatory examinations (e.g., financial and market conduct exams); b) preparing, submitting, and managing UCAA filings (e.g., insurance carrier licensing applications); and c) preparing and submitting NAIC biographical affidavits.
• Prepares and submits routine regulatory filings; corresponds with state Departments of Insurance or other regulatory agencies.
• Assists team with processing Consumer Complaints pursuant to internally developed policies.
• Provides limited administrative tasks necessary to support UCAA filings and regulatory examinations (e.g., distributing documents, preparing regular and overnight mail, maintaining hard copy and electronic files, and tracking project in a matter management system).
• Assists team with monitoring regulatory update tracking and ensuring timely compliance with all regulatory updates.
• Maintains knowledge of trends in the industry and familiarity with legal requirements and guidelines.
• Such other duties as may be assigned from time to time, including, but not limited to, assisting with projects within or outside the Legal Department, covering for an absent co-worker and training employees.
• Keeps current with market trends and demands.
• Performs other functionally related duties as assigned.

Requirements

• Bachelor’s Degree and/or Paralegal certification
• Skilled in Microsoft Office (Word, Excel, PowerPoint, SharePoint, CoPilot) and other software products typically used in a Legal/Regulatory/Compliance department
• Strong organizational skills and detail oriented
• Ability to professionally interact with people at all levels of the corporate structure in-person, by phone or video, and in writing
• Quick learner with a strong desire to take on additional responsibilities and stretch outside his/her comfort zone
• Good writer capable of handling different formats and styles (e.g., e-mail; cover letter; business plans)
• Self-motivated team player with the proven ability to prioritize and handle numerous competing demands in a high-volume, fast-paced working environment, frequently under urgent deadlines
• Builds strong relationships with fellow team members and collaborates effectively
• Ability to handle confidential information sensitively and discreetly

Nice-to-haves

• Minimum of two years of corporate paralegal/administrative and/or insurance regulatory experience
• Familiarity with regulatory compliance issues and state insurance law

Benefits

• AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities.
• Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.
• AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected.
• This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.
• AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice.
• Diversity is a business imperative, enabling us to attract, retain and develop the best talent available.
• We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.

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