Experience - 3+ years
Location - Fort Lauderdale, FL, USA
Core Skills - Communication, Documentation, Insurance Licensing
RD Global is a software consultancy with a focus on Web & Application Development, UX Design, Robotic Process Automation (RPA), Mobile Development, IoT, and Cloud Enabling. We develop software solutions for our partners by combining our professional expertise, domain experience, and knowledge of the latest technology trends. You may learn more about us at rdglobalinc.com.
The Insurance Licensing Administrator will be responsible for being the subject matter expert in the area of agent licensing, appointments & compliance and managing the licensing process for insurance agents & agencies. Assess compliance with guidelines, procedures, filings, forms, and programs. The ideal candidate will be familiar with working with IT teams, have knowledge of insurance compliance, strong communication skills, and experience with client-facing interactions.
Duties and Responsibilities:
- Research state requirements to determine applicable licensing requirements
- Maintenance of all producer and agency data in all applicable systems to meet licensing/compliance standards
- Monitor the status of producer appointments and maintain accuracy of the data
- Research producer changes, appointments, and terminations in applicable systems
- Validate license and appointment status of existing agencies and producers by state to ensure appointment statuses remain compliant with both Selective and State guidelines
- Research regulations by reviewing regulatory bulletins and other sources of information
- Compile information and maintain relevant records related to quality improvement and compliance monitoring activities for internal use
- Understand the different types of insurance (lines of authority)
- Understanding of NAIC, NIPR
- Conduct routine audits to ensure continuous compliance
- Develop and maintain processes and procedures regarding licensing/renewal/terminations
- Ensure that company systems and products follow state and/or federal regulations
- Identify potential risks and liabilities from non-compliance, and devise strategies to mitigate these risks
- Provide guidance to the team as to best practices
- Maintain updated knowledge of insurance regulations and compliance issues
- Stay current on all regulatory license/compliance standards and Departments of Insurance requirements in all states to perform responsibilities
Requirements:
- Minimum three (3) years of experience in insurance licensing in the Property & Casualty, Life, or Health & Disability Insurance Industry
- Ability to understand and interpret insurance laws, regulations, industry guidelines, statutes, administrative regulations, and precedents
- Strong research skills particularly in the area of insurance compliance laws and regulations
- Knowledge of insurance or risk management
- Strong ability to multi-task on projects while being attentive to details and target dates
- Ability to work with a team and with all levels of the organization
- Self-motivated and goal-oriented
- Proven analytical and problem-solving abilities
- Excellent oral and written communication skills
- Strong interpersonal skills
- Proficient in Word, Excel, and PowerPoint
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