Insurance Compliance Specialist
The James Allen Companies Inc.
Insurance Compliance Specialist
Full Job Description
Role Overview: The Insurance Compliance Specialist is responsible for reviewing a high volume of subcontractor insurance policies to ensure they meet the required insurance standards.
Essential Duties and Responsibilities:
- Review and analyze subcontractor insurance policies for compliance with specified insurance requirements.
- Identify non-compliant insurance coverages through detailed policy analysis and decide when to escalate issues for insurance waivers.
- Engage directly with subcontractors and their brokers to resolve any issues with non-compliant insurance, ensuring diligent follow-up until issues are fully resolved.
- Maintain and update insurance policy documentation and information across all company systems.
- Regularly communicate the compliance status of subcontractors to project teams.
- Interpret various types of insurance policies, endorsements, and terminology, and assess subcontractor risk profiles.
- Quickly identify problematic exclusions and missing endorsements.
- Possess a thorough understanding of General Liability and Excess Liability policy forms, endorsements, and coverage terminology.
Skills:
- Ability to manage multiple projects concurrently.
- Capable of working independently.
- Strong verbal and written communication skills.
- Effective problem-solving and time management skills.
- Proficient in Microsoft Office Suite.
- Detail-oriented with strong analytical skills.
- Ability to collaborate effectively within a team and promote teamwork.
Requirements:
- Minimum 5 years’ experience in a Property/Casualty Broker or similar role.
Benefits:
- 401(k) with matching
- Dental, health, life, and vision insurance
- Flexible spending account
- Paid time off
- Referral program
- Tuition reimbursement
Experience:
- Insurance verification: 5 years (Preferred)
Location Requirements:
- Must be able to commute to Plainview, NY 11803
- Work is conducted in person