Compliance Associate – Specialty Insurance

Specialty insurance, what does that mean to you? Keep reading for the answer.

We are not a regular insurance company; we provide unique kinds of Insurance. As Compliance Associate, you will support specialty underwriters who are writing risks for college sporting events, concerts, festivals, conferences, sports facilities, hole-in-one contests, and half-court shots.

Are you looking to make a career pivot or are you currently working in a traditional (or non-traditional) insurance company in customer service, administration, or a similar area?

Do you possess great attention for detail and enjoy working in a team environment with multiple departments?

Are you looking to get your foot in the door of a growing company with opportunities to interact with a dynamic team?

If you answer yes to these questions, we have a rewarding opportunity for a Compliance Associate in our Wakefield, MA office. Your next job awaits, apply today!

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, Ireland, and other exciting locations. With the strength and stability that comes from being a member of the Tokio Marine Group, and fifty years of growth, profitability, and stability, we offer important insurance products that most people do not even know exist. Every policy we write is special, enabling our clients to do amazing things. From insuring the crops that feed us to the rock concerts that entertain us, to rescuing international travelers in trouble, we offer more than 100 classes of specialty insurance. Applying our Mind Over Risk philosophy to writing insurance allows our customers to take on opportunity with confidence. That philosophy defines our way of thinking, unites us as a team, and differentiates us from our competitors. We are much more than just an insurance company; we are a good company.

Position Overview

In this role, your primary responsibility will inputting event specific details to our aggregation management system and onboarding new brokers. Other tasks may include assistance with preparing underwriting authority controls reports, surplus lines tax filings, record retention program, and preparing the corporate social responsibility report, as well as other compliance related projects and administrative duties.

Performance Objectives

In 60 Days -Gain an understanding of the Specialty Group’s various underwriting segments. During this time, you will learn about the different lines of business through direct interaction with the underwriting teams, compliance team and independent research.

In 90 Days – Gain an understanding of our software programs. You will learn how to utilize our aggregation management system to be able to coordinate the input and monitoring of Event Cancellation risks and assist with aggregation reports to be delivered to our reinsurers and insurance carriers. You will also learn to utilize various systems used to onboard third party insurance brokers.

Within 6-12 months – Develop a level of comfort with the surplus lines processes and procedures. You will be able to assist in completing surplus lines forms and affidavits and independently administer special compliance projects. At the 12-month mark, you should have a robust understanding of how compliance fits within the Specialty Group.

Your Skills and Experience:

An associate degree or bachelor’s degree in business administration or a related field is preferred, but not requiredMinimum of 2 years of experience in a professional office environment preferredExcellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacyExceptional organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneouslyAdept and accurate data entry skillsFlexibility and willingness to learnInquisitive and proactive attitude, not afraid to offer suggestions on improving/streamlining processesAdept at working as part of a team yet capable of working independently as neededWillingness to take on additional responsibilities beyond the job scope

What we offer:

Just as Tokio Marine HCC Group of Companies is customer centric, we are also employee centric offering our employees a competitive salary and employee benefit package, strong learning culture, collaboration, 401K match, paid parental leave, hybrid work schedule*, and an opportunity to love what you do. The Tokio Marine Group of Companies is an equal-opportunity employer. Our office is conveniently located just north of Boston, MA on a scenic campus with an onsite cafeteria, gym, walking trails and close proximity to MarketStreet Lynnfield. Please visit www.tmhcc.com for more information about our companies.

*Our hybrid work schedule – is 4 days in the office and 1 day WFH, if desired, upon successful completion of a training period. Please consider this requirement before applying.

If your experience matches these requirements, please apply WITH A COVER LETTER.

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