Allstate Dealer Services-Compliance Consultant

Employer
Allstate Insurance Company
Location
Jacksonville, Florida
Salary
Not Specified
Posted
May 04, 2021
Closes
Jul 02, 2021
Ref
6543519#GIJtoGJS.1
Industry
Insurance
Category
Insurance

The world isnt standing still, and neither is Allstate. Were moving quickly, looking across our businesses and brands and taking bold steps to better serve customers evolving needs. Thats why now is an exciting time to join our team. Youll have opportunities to take risks, challenge the status quo and shape the future for the greater good.

Youll do all this in an environment of excellence and the highest ethical standards a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.

Everything we do at Allstate is driven by a shared purpose: to protect people from lifes uncertainties so they can realize their hopes and dreams. For more than 89 years weve thrived by staying a step ahead of whatevers coming next to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. Weve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We dont follow the trends. We set them.

Job Summary

The Regulatory Compliance team is responsible for ensuring all ADS products and procedures are in compliance with state laws and regulations. Duties include licensing, legislative review, policy issuance, insurance department filings, and lender filings.  The department also assists in the development and approval of product related consumer contracts.  Responsibilities also include the creation, review, updating, and housing of all Agent, Dealer, Strategic Partner, and Third-Party Administrator procedure manuals.

The Compliance Consultant is responsible for submitting product filings to state insurance departments and lenders for approval.  This position is also responsible for reviewing, tracking, monitoring and interpreting the impact of legislation/regulations that relate to ADS products and processes and providing summaries to impacted departments and management.  The role will provide technical guidance, recommendations, and implementation of process improvements related to product filing submissions.  The role provides excellent customer service to all distribution channels and external customers within the requested timeframe.    

Key Responsibilities

  • Review, track and monitor legislation that impacts ADS product offerings utilizing various sources of information including Industry Association communications and conference calls, Department of Insurance websites, Department of Banking websites, State Legislative websites, etc.
  • Prepare and distribute legislative summaries to management, impacted departments, agents, and clients as new legislation is implemented or existing legislation changes.
  • Review product contracts, waivers, and policies in all channels to ensure compliance with state requirements and coverage provided in the contract, waiver or policy.
  • Analyze and determine the impact of changes in regulations on ADS product offerings, develop recommended actions, and present recommendations to department leadership.
  • Develop project plans for and lead filling related projects that will result in changes resulting from product legislation changes are implemented by the effective date.
  • Gather all relevant information required to submit filings and work with various business units to develop state specific filing exhibits. 
  • Complete product form and rate filings to state insurance departments and form fillings to lenders.
  • Attend industry association conference calls and provide summaries of the calls to management and impacted departments.
  • Review and update regulatory compliance related databases, SharePoint sites, matrices, summaries, etc.  to ensure departments are utilizing current information.
  • Conduct legislative review meetings on a regular basis, during the state legislative sessions, to keep all departments informed of pending legislation.
  • Review and approve TPA consumer contracts, providing additional information regarding recommended revisions as needed.
  • Respond to complex inquiries requiring interpretation of policies, procedures, rule and regulations from business units and external sources, such as, Department of Insurance regulators, Department of Banking regulators and lenders. 
  • Recommend process improvements to management to ensure compliance processes are optional.
  • Store and retrieve documents from OnBase, if applicable.
  • Complete special projects as assigned by department management.
     

Job Qualifications

  • Bachelor's Degree or four (4) years or more of relevant experience. 
  • Law Degree or prior law/paralegal experience a plus
  • Strong regulatory/compliance or other research training and skills.
  • Knowledge of all dealership finance & insurance products preferred.
  • Excellent oral and written communication skills.
  • Intermediate proficiency in Microsoft Office Word, PowerPoint and Excel, required. Basic proficiency in Microsoft Project preferred.
     

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Good Work. Good Life. Good Hands.

As a Fortune 100 company and industry leader, we provide a competitive salary but thats just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, youll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.

Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.

Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

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It is the Companys policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employees ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.

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