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Great American Insurance Company

Compliance Specialist

Great American Insurance Company - Richfield, OH

National Interstate is a member of Great American Insurance Group. As one of the leading commercial transportation insurers in the nation, we offer risk financing solutions in all 50 states tailored to meet the needs of a wide variety of transportation classes. Our offerings include traditional insurance and innovative alternative risk transfer (ART) programs, including more than a dozen group captive programs catering to niche wheels markets. We are proud to be a multiple Northcoast 99 winner and Cleveland Plain Dealer Top Workplace in Northeast Ohio. It is because of our talented and dedicated team that we are able to live out our company values of integrity, transparency, fairness, accountability, empowerment and collaboration with each transaction we make. If you are ready to join an engaging and driven team such as ours, we would love to hear from you!

Administers and may participate in the development and implementation of Compliance programs. Ensures compliance with the laws, regulations and rules of federal, state, and self regulatory organizations

Prepares and files regulatory and compliance documents and / or reports.
Handles interactions pertaining to approvals.
Analyzes and responds to objections and inquiries from authorities.
Creates forms and reports to comply with new or existing regulatory requirements. Prepares memorandums regarding the use of forms.
Responsible for reporting and /or investigating any non-compliance or suspected fraudulent acts.
Ensures that investigations follow approved processes. Presents clear, concise and factual reports that enable fair and relevant decisions to be made.
Drafts and delivers complaint responses.

Administers and may participate in the development and implementation of Anti-Money Laundering (AML) guidelines.
Complies with Privacy Practices.
Receives, analyzes, interprets and responds to regulatory matters and / or inquiries from the various state departments of insurance, federal agencies, self regulatory organizations, industry associations and / or internal and external customers. Refers more complex matters to appropriate staff, as needed.
Coordinates, administers, reports on and develops audit / review processes.
Maintains and retrieves material from departmental databases and files.
Performs research.
Reviews policy administration issues, which may include powers of attorney, trusts and / or conservatorships.
Evaluates and interprets new or revised statutes / regulations / rules to effectively implement new requirements according to changes and updates in laws, rules and regulations.
May review proposed advertising and marketing materials for compliance with State Advertising rules, regulations, product features and / or contract language.
Drafts product disclosures.
Develops and maintains product audit / issues instructions for new product implementation.
May provide back-up coverage for other compliance areas.
Maintains and leverages strong relationships within state insurance departments and / or other regulatory authorities. Acts as a liaison between the organization, specific departments / business units, third party vendors and regulatory authorities.
Demonstrates expert knowledge of the organization, regulatory agencies and current trends in ensuring compliance.
Provides technical advice to less experienced positions and other functional areas.
Performs other duties as assigned.

Education: Bachelor\u2019s Degree or equivalent.Field of Study: Business, Liberal Arts, or related discipline.Experience: 5 or more years of insurance/ securities related experience. Continuing progress toward and/or the completion of an Associate Insurance Regulatory Compliance (AIRC) designation.

Emphasis in public speaking, training, processing development and working knowledge of Workers' Compensation a plus.
Strong organization skills.

5 days 15 hours ago

Great American Insurance Company


Compliance Specialist Great American Insurance Company - Richfield, OH, United States


Location: Richfield, OH

Company Profile:
Strong businesses play a crucial role in our communities. But their owners face more risks than ever. A lawsuit or a stroke of bad luck could set them back—or wipe them out completely—if they don’t have the right coverage. They count on knowledgeable insurance agents to help them manage the risks inherent in their industry, as well as their unique business circumstances.