Senior Compliance Manager

🔥 19 hours ago

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Cover Whale

WebsiteLinkedInAll Job Openings

51 - 200 employees

🚗 Transport

☁️ SaaS

Insurance • Transport • SaaS

Cover Whale is a provider of commercial auto insurance products specifically designed for truckers in the United States. The company offers a range of insurance options including auto liability, motor truck cargo, auto physical damage, non-trucking liability, and truckers’ general liability, aiming to provide better and more affordable coverage for America's truckers. Cover Whale leverages its industry-leading telematics and real-time safety coaching to improve driver safety, offering premium discounts for safe driving. Its innovative platform allows agents to obtain instant policy quotes and benefits from same-day binding, enhancing productivity and efficiency. The company emphasizes safety and technology, aiming to reshape the commercial trucking insurance sector.

📋 Description

• Resolve complex regulatory compliance matters, conducting comprehensive research and making informed decisions • Monitor legislative and regulatory changes applicable to Cover Whale’s business, communicate their impact to the organization, and design solutions to mitigate regulatory compliance risks • Develop and enhance compliance policies, protocols/procedures for Cover Whale’s core business, as well as new business initiatives, to support strong regulatory compliance posture • Conduct regular compliance risk assessments to evaluate adherence to Company compliance policies and develop strategies to mitigate identified risks • Lead the creation, certification, and timely forwarding of Compliance reports to partners internally, ensuring data accuracy and efficient issue-logging • Independently manage the preparation of accurate and timely responses to insurance consumer complaints received from the State Department of Insurance, BBB, and directly from consumers, ensuring accuracy and compliance with applicable regulations for both consumer complaints and coverage disputes/compliance escalations • Manage corporate governance and Secretary of State obligations across all entities, including annual reports, good-standing maintenance, registered-agent administration, and entity formations and name changes • Manage and oversee (i) insurance producer and entity licensing (resident and non-resident), appointments, and licensing-driven commission gatekeeping or Cover Whale, its carrier partners and agents and (ii) OFAC, AML and other mandatory screening requirements • Oversee compliance with other mandatory reporting and filing requirements – including surplus line taxes, FMCSA, and other state and federal transportation-related filings • Develop and facilitate compliance training programs for employees to enhance compliance awareness and competence. • Prepare and provide comprehensive materials and information for internal and external regulatory audits, data calls, surveys, and investigations, and draft detailed responses • Regularly monitor and analyze regulatory developments and best practices in the insurance and corporate governance sectors to address any changes; build and maintain the Regulatory Change Management process • Collaborate with management to develop and implement strategic compliance initiatives that align with organizational goals. Verify and ensure that corrective actions are effectively implemented to confirm that mitigation plans are successful • Actively incorporate AI and other emerging technologies into daily workflows to drive efficiency and innovation, while maintaining sound judgment, data integrity, and compliance standards

🎯 Requirements

• 8 to 10 years of compliance experience working for property & casualty (P+C) insurance business/insurance intermediary (ideally in both Admitted and Excess & Surplus lines basis) • Bachelor’s degree from an accredited university (Legal degree preferred) • Experience in commercial auto insurance segments preferred • In-depth knowledge of the industry's standards and regulations, • Excellent written and verbal communication skills • Deep knowledge of insurance regulatory requirements in the P+C insurance space (admitted + surplus lines) • Ability to analyze complex regulations and problems, exercise strong judgment and develop solutions to balance compliance risks with business goals • Strong organizational skills and ability to take initiative on compliance projects • Methodical and diligent with prioritizing and executing on compliance obligations • Sound judgment and high ethical standards

🏖️ Benefits

• Annual discretionary bonus opportunity • Comprehensive health, dental, and vision insurance • 401(k) company match up to 4 % • Generous paid time off and company holidays.