AIPSO is a management organization and service provider for various insurance industry groups responsible for administering the residual market. We are a national organization that serves local customer needs. Centralization and standardization are key to many AIPSO services because of the inherent economies of scale and other efficiencies. However, our organization is based on customer focus and recognizes the need for flexibility in serving customer groups with diverse interests.
Essential Duties & Responsibilities:
- Evaluate new and existing products and services for compliance with statutory and regulatory requirements.
Support teams to ensure compliance considerations are incorporated into new and existing products and
services, vendor management, and contracting.
- Conduct legal research and advise management and internal stakeholders on a variety of complex
organization-wide compliance issues.
- Prepare recommendations and implement procedures in collaboration with internal stakeholders to ensure
compliance with federal, state, and local regulatory requirements and standards.
- Provide support as needed to the other members of the organization’s legal team and collaborate effectively
with internal stakeholders.
- Monitor and stay abreast of relevant state and federal laws and regulations and ensure company
compliance with applicable regulatory frameworks.
- Conduct risk assessments to identify areas of potential legal and compliance risks and develop strategies to
address and mitigate identified risks.
- Assist with the coordination and collaborative interaction with regulatory agencies and handling of regulatory
agencies’ inquiries and examinations.
- Develop action plans and remediation associated with external market conduct exams and internal audits.
Education:
Law Degree and admission to a State Bar required. Demonstrated commitment to ongoing insurance education.
Experience:
3 years of legal experience with a focus on regulatory and compliance matters. Experience implementing a compliance program for a property & casualty company providing insurance services on a multi-jurisdictional basis. Experience with residual market automobile insurance plan rules and regulations preferred.
Skills & Knowledge:
- In-depth knowledge of statutes and regulations impacting entities operating in the property & casualty
insurance industry.
- Proficient in the use of Microsoft Office productivity tools (e.g., Outlook, Word, Excel) and working
knowledge of legal research platforms and other legal research tools.
- Effective problem-solving skills, including ability to analyze complex issues, find the root cause of the
problem and consider a wide range of alternatives before acting.
- Demonstrate strong verbal and written communication skills, including ability to effectively present
information and respond to questions from groups or individuals.
- Ability to multi-task and demonstrate flexibility while maintaining attention to detail.
- Demonstrate excellent organizational and customer service skills.
- Ability to work independently and interact professionally and effectively in a team environment.
- Provide feedback and input in group meetings and discussions.
- Demonstrate strong leadership capabilities and exercise excellent judgment in cross-functional situations.
Salary Range: $103,900 - $165,900 Annual. Actual salary for this position will be determined by a number of factors, including the scope, complexity, and location of the role as well as the cost of labor in the market; the skills, education, training, credentials, and experience of the candidate; internal equity and other conditions of employment.
AIPSO is an equal opportunity employer. To this end, all employment related decisions are made on a non-discriminatory basis and in full compliance with federal, state, and local laws prohibiting discrimination in employment.