at Chubb in Chicago, Illinois, United States
Job Description
JOB DESCRIPTION
Combined Insurance, a Chubb Company, is seeking a Compliance Specialist to join our fast-paced, high energy, growing company. We are proud of our tradition of success in the insurance industry of over 100 years. Come join our team of hard-working, talented professionals!
Job Summary
The Compliance Specialist is responsible for supporting the regulatory compliance function of Combined Insurance. The Compliance Specialist will maintain an effective regulatory compliance program by establishing compliance standards, raising awareness of compliance issues, implementing controls to monitor and prevent compliance deficiencies. This individual will report to the Compliance Officer.
Responsibilities
- Execute the compliance strategy;
- Audit business for compliance with a focus on claims and operations monitoring, and including ensuring the implementation of regulatory requirements, policies, and controls, and establish remediation plans for audit findings;
- Develop and maintain relationships with, and provide timely guidance and advice to, business partners;
- Partner with the Compliance Officer to ensure that compliance guidance is implemented, action plans are completed timely, and that proper controls are in place and effective;
- Ability to assist business partners in ensuring timely and accurate implementation of new regulatory requirements and controls;
- Conduct regular monitoring and testing of compliance controls in place;
- Oversee and advise on effective controls related to the monitoring of third parties;
- Report and escalate compliance issues and developments as required;
- Assist the Compliance Officer in compliance reporting requirements to various stakeholders;
- Assist the Compliance Officer with preparing data files, reports and spreadsheets in response to internal and external data and reporting requests.
Skills and competencies
- Demonstrated understanding of the insurance regulatory environment;
- Strong analytical and technical skills in using data analytics to review audit results and data and understand "root causes" of compliance deficiencies and effectiveness of controls;
- Demonstrated ability to develop relationships with both internal and external stakeholders;
- Ability to consistently execute and deliver results;
- Ability to manage multiple projects in a dynamic constantly changing environment;
- Strong knowledge of MS Project, Excel, PowerPoint Word; and legal/compliance research tools.
Education and Experience
- 3 years of insurance industry experience, preferably in the areas of accident and health related products;
- 3 years' experience in compliance/regulatory experience including compliance monitoring and testing
ABOUT US
OUR BENEFITS
As a Chubb corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. More details can be found here. Chubb is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees:
- Health insurance
- Dental insurance
- Tuition reimbursement
- A company-match 401(k) plan
- Disability insurance
- Life insurance
- Employee referral bonuses
ABOUT COMBINED INSURANCE
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
