ProAssurance

Senior Compliance Specialist - Eastern Alliance

ProAssurance$76K — $125K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business or related field; 4+ years in compliance or legal field required, or 8 years of compliance/legal experience without a degree.
  • Insurance regulatory/compliance experience preferred.
  • Proficiency in Microsoft Office products (Word, Excel, PowerPoint, Outlook).
  • Effective verbal and written communication skills across all organizational levels and with external stakeholders.
  • Strong critical thinking and basic analytical skills for data gathering and problem-solving.

Responsibilities

  • Coordinate and file all statutory financial filings with state insurance departments.
  • Maintain and update compliance records, including annual renewal of state insurance licenses.
  • Maintain compliance reporting system, monitoring regulatory changes and communicating them to staff.
  • Support other departments with compliance research and issue resolution.
  • Review and process regulatory invoices for payment.
  • Assist Finance department with financial data requests as needed.
  • Maintain OFAC procedures for compliance.

Benefits

  • Access to a best-in-class benefits program.
Full Job Description
This position supports our workers' compensation line of business, Eastern Alliance, and is hybrid, reporting to our Lancaster PA or Carmel IN office locations approximately 2 days per month. The Senior Compliance Specialist will oversee the compliance activities for all Eastern companies, including regulatory and financial compliance matters. This position will work closely with other departments within the Company to ensure all state regulatory and financial filings are completed on a timely basis. This position will have primary responsibility for communicating changes in compliance regulations with the appropriate departmental managers and supervisors. What you'll do: • 30% - Responsible for coordination and filing of all statutory financial filings, including quarterly and annual statutory financial filings with state insurance departments. • 30% - Responsible for maintaining and updating compliance records related to each state, including state insurance licenses and related documentation. Maintenance includes annual renewal of licenses and other required state filings. • 15% - Maintenance of compliance reporting system (Code Compliance), including monitoring for regulatory changes and communication of those changes to the appropriate departmental staff. • 5% - Provide support to other departments with compliance research, addressing compliance issues, etc. • 5% - Review and process regulatory invoices for payment. • 5% - Assist Finance department with financial data calls as needed. • 3% - Maintain OFAC procedures for each department. • 3% - Handle insurance department complaints and maintain complaint log. • 2% - File and maintain EDI Trading Partner Agreements. • 2% - Section 111 Medicare Secondary Payer profile reports and recertifications. What we're looking for: • Bachelor's degree in business or related field with a minimum of four years progressive experience in compliance and/or legal field is required. Eight years of compliance/legal experience can replace the bachelor's degree requirement. Insurance regulatory/compliance experience preferred. Paralegal certification is a plus. • Knowledgeable in various software packages required to provide effective office support, including Microsoft Office products, such as Word, Excel, PowerPoint, and Outlook. • Ability to communicate effectively both verbally and in writing with all levels of the organization as well as with outside customers, vendors, and regulators. • Critical thinking and basic analytical ability, to gather data and summarize for reports; find solutions to problems and • prioritize work. • Continual attention to detail in composing, typing and proofing materials, establishing priorities, and meeting deadlines. • Ability to work independently and make informed judgements. Proficient in prioritizing tasks to meet deadlines. • The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions. #LI-Hybrid Position Salary Range $76,208.00 - $125,756.00 The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role. Build your career with us and enjoy access to a best-in-class benefits program.

About ProAssurance

ProAssurance Corporation is a specialty insurance company that focuses on professional liability insurance. The company mainly operates in the healthcare industry, providing coverage to healthcare professionals and facilities. ProAssurance also offers products for workers' compensation insurance and legal professional liability insurance. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
Learn more about ProAssurance
Size
1,021 employees
Market Cap
$949.2 million
Industry
Net Income
-$175.7 million
Founded
1976
5 Year Trend
+4%
Revenue
$888.3 million
NASDAQ

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