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Compliance Law Jobs

Senior Operations, Controls, & Carrier Compliance Specialist

Ryan Specialty Group

Chicago, Illinois

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JOB DETAILS
SKILLS
Audit Metrics, Auditing, Business Operations, Compensation and Benefits, Contract Analysis, Contract Review, Corporate Policies, Corrective Action, Data Analysis, Disability Accommodations, Documentation, Finance, Identify Issues, Insurance, Insurance Certifications, Internal Audit, Interviewing Skills, Legal, Maintain Compliance, Operational Audit, Operational Improvement, Performance Analysis, Performance Metrics, Policy Development, Policy Implementation, Problem Solving Skills, Process Development, Process Improvement, Quality Assurance, Quality Metrics, Record Keeping, Regulations, Regulatory Compliance, Regulatory Requirements, Reporting Skills, Research Skills, Risk Analysis, State Laws and Regulations, Training/Teaching, Trend Analysis
LOCATION
Chicago, Illinois
POSTED
30+ days ago
Position Summary
The Senior Operations, Controls, & Carrier Compliance Specialist is responsible for evaluating carrier partners' adherence to industry regulations and company policies. The role collaborates with internal audit teams, maintains precise records, and produces comprehensive reports along with recommendations. They perform auditing, contract reviews to ensure legal compliance, policy implementation, issue resolution, quality assurance, data analysis, and the continual enhancement of carrier compliance initiatives.

What will your job entail?
Job Responsibilities: • Contributes to establish the processes, policies and guidelines for carrier audit and compliance programs. • Develops and implements quality assurance measures to ensure consistency and accuracy in compliance assessments. • Reviews the compliance of carrier partners with industry regulations, state laws, and company policies. Assesses carrier contracts to ensure alignment with legal and regulatory requirements. • Conducts audits of carrier operations to verify compliance with contractual agreements, regulatory standards, and company policies. Collaborates with internal audit teams to coordinate comprehensive assessments. • Conducts research to identify potential risks and areas for improvement in carrier operations. • Maintains accurate records of audit findings, ensuring documentation of compliance or non-compliance issues. • Investigates compliance-related issues identified during audits, collaborating with carriers to implement corrective actions and ensures contract enforcement. • Prepares detailed reports summarizing audit results, providing insights, and recommendations for corrective actions. • Collaborates with internal teams to develop and implement policies and procedures that promote and enforce carrier compliance. Provides training and guidance to carriers on compliance expectations. • Analyzes data related to carrier performance, compliance metrics, and audit outcomes to identify trends and areas for improvement. • Identifies opportunities for process improvements in the carrier compliance program and contribute to the enhancement of overall operational efficiency. Work Experience and Education: • Bachelor's degree required, Master's degree preferred; Business Operations, Finance, Legal preferred. Any other related discipline or commensurate work experience considered. • 6 years of experience in Insurance Industry Audit or Compliance with a Bachelor's degree, or 3 years and a Master's degree. • Licenses & Certifications: • Certified Insurance Compliance Professional (CICP) is a plus.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them - and their family members - achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $96,840.00 - $121,050.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com

The above is intended to descr

About the Company

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Ryan Specialty Group

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