Head of Property & Casualty Compliance

The Head of Compliance will report to the General Counsel and CCO of Brickell Insurance Holdings LLC, an affiliate of 777 Partners LLC(“BIH”). This position will oversee all compliance and regulatory functions of the insurance operations of the P & C insurance company subsidiaries (the “Companies”) of BIH and the Managing General Agencies (“MGA”) to which the Companies have delegated insurance operational functions. The term Company used herein shall include the oversight of functions delegated to MGAs.

The Head of Compliance will provide oversight, management and guidance to ensure the insurance operations are conducted in compliance with ethical business practices, Company policies and legal/regulatory requirements. The position involves building and maintaining a proactive compliance program that identifies and resolves potential compliance and regulatory exposures and to enhance the Company’s reputation in the regulatory arena while minimizing regulatory risk.

DUTIES AND RESPONSIBILITIES

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• Serve as the primary liaison between Company and State/Federal regulatory entities for all compliance related matters
• Manages Market Conduct Examinations and carrier audits; coordinates reviews of previous Market Conduct Examinations findings to assess current regulatory/market conduct exposures
• Responds to regulatory inquiries and/or administrative actions related to Company policies and procedures and compliance with state-specific regulations
• Respond to state regulatory consumer complaints while managing and updating the complaint procedure manuals and logs
• Ensures accurate and timely submission of all premium surveys and the National Association of Insurance Commissioners (NAIC) Market Conduct Annual Statement
• Manages the compliance audit function, which includes state compliance audits, targeted audits, and the review of previous market conduct findings to assess current regulatory/market conduct exposures across the various lines of business and jurisdictions
• Partners with internal departments and delegees to establish action plans for corrective action of examination criticisms and/or audit findings; implements action plans and monitoring activities
• Analyzes compliance risks and exposures both internal and external to company; prioritizes and develops an internal audit plan to assess compliance risks on an annual basis
• Ensures compliance with all states’ business entity licensing and appointment requirements including Secretary of State Qualifications
• Follows state and federal legislation, state bulletin/circulars and other legal and regulatory material to determine impact to business operations and implements necessary changes to maintain Company compliance
• Prepares reports and presentations for the Board of Directors on regulatory activities when requested
• Manages relationships with compliance vendors necessary for the Companies’ ongoing and compliant operations
• Manage all company’s designated Agent for Service of Process, which includes managing and forwarding all service of process received within 24 hours to the office of the General Counsel
• Identify, analyze and ensure compliance with all applicable surplus lines laws including surplus lines tax issues, diligent search requirements, individual and entity licensing, and applicability of laws to surplus lines products
• Identify, document processes and oversee compliance with all reporting requirements (e.g. bordereau reporting to carriers, data reporting and necessary document reporting to regulators)
• Identify all Surplus Associations and Stamping offices requirements

SKILLS / KNOWLEDGE / ABILITIES

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• Advanced knowledge of regulations, laws, qualifications filings and requirements of state insurance departments
• Ability to read, analyze, and interpret general business information to make informed decisions and take appropriate action when applicable
• Must have strong attention to detail
• Must have strong written communication skills with the ability to draft documents, communication, and business correspondence
• Ability to effectively present information, interact, and respond to inquiries when necessary, including communication with state regulators
• Must be self-driven, goal oriented, with the ability to work independently and with others
• Knowledge of Agency Management, TPA’s, MGA’s licenses and appointment processes

EDUCATION AND EXPERIENCE

• Bachelor’s degree in a related field, or equivalent work experience required
• Eight years’ minimum work experience in the property and casualty insurance field

CERTIFICATIONS AND LICENSES

• No minimum requirements

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and use hands to finger, handle, or feel objects, tools, or controls. The employee frequently is required to talk and hear. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl.

The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and the ability to adjust focus. The noise level in the work environment is usually moderate.

EEOC

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777 Partners is an Equal Opportunity Employer. All aspects of consideration for employment and employment with the Company are governed on the bases of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.