Insurance Company Licensing Specialist
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About the role
Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress. The Insurance Company Licensing Specialist will primarily be responsible for assisting with key aspects of the Starr Companies' (re)insurance company regulatory and licensing compliance function, both domestically and internationally. This entails the completion and tracking of (re)insurance company license applications and registrations, license and registration renewals, corporate amendment filings, the submission and tracking of affiliate transactions for prior approval, insurance company director and officer notifications, liaising with state insurance departments on information requests, inquiries, and other communications to maintain ongoing compliance in the domestic United States (including the District of Columbia, Puerto Rico, Guam, and the USVI) and internationally. This position will also support the Reinsurance Counsel with the filing and tracking of affiliate reinsurance contracts for prior approval with the state insurance departments and subsequent contract signatures, as needed. Key responsibilities will include the following : Research and analyze requirements for (re)insurance license and registration renewals for both domestic and international jurisdictions; Handle (re)insurance license and registration renewals to completion and submission; Liaise with insurance regulatory authorities and state insurance departments, law firms, and variety of internal stakeholders in connection with the foregoing; Track, handle, and record payments due to state insurance departments pursuant to state filing requirements in connection with U.S. insurance company regulatory submissions; Maintain up-to-date records of regulatory submissions, assessment fee payments, and renewals using individual tracking charts for the domestic insurance companies and for international licenses and registrations; Administer and oversee updates for biographical affidavits, including exhibits, for insurance company officers and directors; Research and analyze insurance company holding act statutes and regulations; Perform regulatory research and surveys on various insurance-related topics to respond to business needs; Handle daily volume of requests and inquiries in connection with insurance company filings, assessments, and fee payments, data calls, and variety of regulatory notices and bulletins; Maintain original and soft copies of (re)insurance company licenses and registrations; and Complete special regulatory assignments, as assigned. Skills/Experience Required: Strong attention to detail; The ability to: (1) work well both individually and in a team environment; (2) handle multiple projects with varying degrees of urgency; and (3) build strong relationships with colleagues; College degree 3-5 years of related regulatory/licensing experience within the insurance industry or legal experience preferred; Strong oral and written presentation skills; Strong research, writing, analytical, project management, organizational, interpersonal, and critical thinking skills; Application of conscientious and proactive approach to handling assignments with multiple deadlines with a high level of accuracy; Ability to use sound judgment, tact, and discretion when handling sensitive information and complex matters, and when spearheading various regulatory projects; Ability to follow established company workflows and guidelines; and Proficiency conducting online legal and insurance related research. For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $70,000- $80,000 Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the