RESPONSIBILITIES:
Insurance Services Licensing Role
Compliance License Management
• Oversight of Third- Party Administrator licenses primarily focused on the US TPA licenses and offshore regulated entities servicing insurance clients.
Candidate will be working with Global Compliance and Service delivery partners involved with insurance intermediary licenses and with Global licenses Manager for Legal Regulatory team.
Licensing oversight will no doubt expand globally and through the US as insurance engagements continue to increase in size.
Note that the licenses involved here may also relate to finance & accounting or other areas of scope under the deal.
• Management and maintenance of license filing, renewals and keeping all licenses on central database.
This will involve a great deal of data collection from internal business partners and clients as TPA filings require financial information from clients as well as business entities.
Work directly with regulators as deemed necessary as licenses must be filed within regulatory timelines and requirements and deadlines vary by jurisdictions.
• Understanding scope of businesses impacted by licenses.
• Review any changes in law and the impact on license applications and renewals.
• Reporting of License maintenance internally using existing platforms.
• Working with external counsel to ensure all necessary licenses are obtained, filings are completed timely and legal changes are monitored.
• Working directly with Legal and the Compliance team to validate compliance with all regulatory requirements.
SKILL AND QUALIFICATIONS:
• At least 3 years of regulatory and (licensing or risk management)
• Understanding of sophisticated licensing and reporting issues.
• Experience handling licensing and compliance issues.
• Superior organizational skills and ability to work independently
• Excellent communication skills, experience working remotely yet part of a team.
• Superior skills with MS Tools PowerPoint, Word, Excel and Teams.
• Ability and willingness to work flexible hours with global partners.