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West Palm Beach

    Regulatory and Compliance Officer - West Palm Beach, United States - The Ladders

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    Description
    Title: Regulatory and Compliance Officer

    Location: West Palm Beach, FL

    Company Overview:

    At Vault, we are not just insuring assets. We are reducing risks with data-driven technology to Protect What Matters Most to our customers.

    Our team is driven by a shared commitment to protect customers' most prized possessions. We look at the bigger picture to provide custom solutions, exceptional service, and risk management to protect their legacy proactively.

    Thinking about joining our team? We look for self-motivated and inventive individuals dedicated to providing the highest level of service to our customer and partners.

    Why Choose Vault:

    • 46% of our workforce was referred by someone at Vault

    • 37% growth rate in staff since December 2021

    • Our Financial Strength is rated an A- by AM Best

    • Rated 4.5 stars based on customer experience reviews

    • Our leaders are respected innovators with decades of insurance expertise

    • Vault's proprietary technology allows for enhanced capabilities, speed, and efficiency

    • Leading high-net-worth insurance provider with a foundation in customized solutions

    • Comprehensive benefits tailored to your lifestyle

    Job Responsibilities:
    • Regulatory Compliance: Monitor, interpret, and implement federal, state, and local regulations governing property casualty insurance. Stay abreast of changes in regulations and assess their impact on company policies and procedures.
    • Policy Development: Collaborate with internal stakeholders to develop and update policies, procedures, and guidelines to align with the pricing of the product and to ensure compliance with regulatory requirements. This includes drafting, reviewing, and revising insurance policies to align with company objectives and legal standards.
    • State Filings: Prepare and submit rate filings and regulatory filings, reports, and documentation as required by regulatory agencies. Maintain accurate records of compliance activities, audits, and corrective actions taken.
    • Risk Assessment: Conduct risk assessments to identify potential compliance vulnerabilities. Develop and implement strategies to mitigate risks and ensure adherence to regulatory standards.
    • Audit and Monitoring: Perform regular audits and reviews of company practices, processes, and documentation to ensure compliance with regulatory requirements. Develop and implement corrective actions as needed.
    • Training and Education: Develop and deliver training programs to educate employees on compliance requirements, policies, and procedures. Provide ongoing support and guidance to ensure a culture of compliance throughout the organization.
    • Quality Assurance: Monitor the quality of products and services offered by the company to ensure they meet regulatory standards and customer expectations. Investigate and address any compliance-related complaints or issues raised by customers or regulatory agencies.
    • Compliance Monitoring Technology: Utilize compliance monitoring technology and tools to streamline compliance processes, track regulatory changes, and manage compliance activities efficiently.
    Requirements

    Preferred Qualifications:
    • Bachelor's degree in Business Administration, Law, Finance, or related field. Advanced degree or professional certification in compliance or risk management is a plus.
    • Minimum of 5 years of experience in regulatory compliance within the property casualty insurance industry.
    • Thorough understanding of relevant laws, regulations, and industry standards governing property casualty insurance.
    • Strong analytical skills with the ability to interpret complex regulatory requirements and assess their impact on business operations.
    • Excellent communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
    • Detail-oriented with strong organizational skills and the ability to manage multiple priorities in a fast-paced environment.
    • Proficiency in Microsoft Office Suite and compliance monitoring software.
    Benefits:

    • Flexible Spending Accounts & Health Savings Account, with company contributions

    • Company-paid comprehensive life & disability insurance plans

    • 24/7 Telehealth doctor access, virtual wellness screenings, Employee Assistance Programs

    • Company 401k retirement plan with Day 1 eligibility (5% company match, 100% immediate vesting)

    • 23 PTO days/accrued yearly

    • 11 paid holidays

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