Associate Insurance Compliance Specialist, Product - MSI

Why MSI? We thrive on solving challenges. As a leading MGA, MSI combines deep underwriting expertise with insurer and reinsurer risk capacity to create specialized insurance solutions that empower distribution partners to meet customers’ unique needs.

We have a passion for crafting solutions for the important risks facing individuals and businesses. We offer an expanding suite of products – from fully-digital embedded renters coverage to high-value homeowners insurance to sophisticated commercial coverages, such as cyber liability and habitational property – delivered through agents, brokers, wholesalers and other brand partners.

Our partners and customers count on us to deliver exceptional service through a dedicated team that makes rapid resolutions a priority. We simplify the insurance experience through our advanced technology platform that supports every phase of the policy lifecycle. Bring on your challenges and let us show you how we build insurance better.

Position Summary:The Associate Insurance Compliance Specialist, Product ensures that organizations comply with industry specifications, standards, regulations, and laws. He/She will review product compliance requirements, support the development of compliant insurance product forms and programs, and perform regulatory risk management activities. He/She will ensure that business practices and programs conform with insurance statutory and regulatory obligations. This ideal candidate is responsible for ensuring business practices, insurance products and programs adhere to MSI’s compliance program.Principal Responsibilities:

• Gather state requirements necessary to develop and review new products to ensure policy forms comply with state requirements.
• Support new product development by coordinating new product rollout projects including enhancement projects relating to existing products to ensure product compliance review process is documented and managed appropriately.
• Engage in product form reviews and testing to ensure MSI’s programs adhere to regulatory and contractual requirements.
• Develop monitoring reports relating to product development for internal monitoring purposes.
• Support any risk assessments, auditing, and monitoring activities in accordance with the compliance program. Assess risks and identify potential areas of compliance vulnerability. Serve as liaison between product managers and product compliance team in the resolution of potential risks and vulnerability. 
• Provide guidance to the business on required changes to new products, services, and geographies. 
• Maintain, update, and create process as needed to support maintenance of compliance program.
• Serve on business projects as needed, including new product development.

• Other general compliance duties as assigned.

 Education, Experience, Skills and Abilities Requirements:

• Bachelor’s degree; or equivalent combination of education and work experience.
• At least 3 years relevant, regulatory compliance experience, preferably in the property and casualty insurance industry.
• Excellent attention to detail and ability to troubleshoot technical issues.
• Ability to take initiative and work under minimal supervision.
• Strong verbal and written communication skills.
• Ability to handle multiple tasks, in a timely manner, on a continual basis under strict deadlines.
• Strong planning, organization, and follow-up skills.
• Excellent PC skills including Excel, Word, Access, online resources with strong database management skills.
• Existing project management experience a plus.
• Surplus Lines knowledge a plus.

Special Working Conditions:Fast paced, multi-tasking environment.Important Notice:This position description is intended to describe the level of work required of the person performing in the role and is not a contract. The essential responsibilities are outlined; other duties may be assigned as needs arise or as required to support the organization. All requirements may be subject to reasonable accommodations to applicants and colleagues who need them for medical or religious reasons.

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