Regulatory Compliance Specialist

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it.

The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special! The Regulatory Compliance Specialist is responsible for supporting efforts to ensure compliance with state laws and regulation as they relate to the management of insurance operation, specifically licensing and registration; obtain regulatory approvals; and communicate compliance concepts to internal partners ensuring the accurate submission of various regulatory filings.

Job Location: Hybrid work arrangement based in Richmond, VA

Job Responsibilities

• Coordinate, process and file, within all required deadlines, U.S. (or any non-U.S.)  regulatory filings in order to uphold a license or qualification and maintain status as a surplus lines carrier, accredited reinsurer, admitted carrier, trusteed reinsurer or licensed agent/agency in all 50 states and US territories. 

Support the department’s efforts to obtain regulatory approvals. 

• Modify filings, as needed, so that they are in compliance with regulations of each state.

• Submit regulatory filings to state departments of insurance in accordance with state requirements within statutory time frame.

• Develop responses to questions posed by the State Departments of Insurance that arise throughout the filing process.

• Bring regulatory filings to closure in a timely fashion.

Support the department’s efforts to ensure compliance with state insurance regulations.

• Accurately and thoroughly interpret state laws in assigned states.

• Review bulletins distributed by advisory boards and bureaus and state departments of insurance, evaluating if there is any impact to existing company filing processes.

• As regulatory changes occur, determine impact on company practices and operations.

• Coordinate responses to consumer/insurance department complaints.

• Maintain procedures to ensure the integrity of business practices in assigned states.

Support the department’s efforts to communicate compliance concepts

• Participate in assigned special projects or requests and complete assigned work within agreed upon time frame and specified guidelines. 

• Timely process biographical affidavits, fingerprint investigations, trade name approvals.

• Act as a liaison for regulatory filing  topics with other departments in the US and MINT.

• Provide responses to inquiries that successfully communicate the department’s compliance requirements.

• Participate in educational opportunities to enhance job related skills and knowledge.

Work Experience/Skill Set

• High School diploma required

• Excellent written and verbal communication skills

• Excellent organizational skills

• Excellent time management skills and ability to multi-task and prioritize work

• Attention to detail and problem-solving skills

• Proficient in MS Office (Word, Excel, PowerPoint, etc.) and willingness to learn other programs

• US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

#LI-Hybrid
#DEIB
 

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Who we are: 

Markel Group (NYSE – MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world. 

 

We’re all about people | We win together | We strive for better 

 

We enjoy the everyday | We think further 

 

What’s in it for you: 

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.  

• We offer competitive ben