Insurance Licensing Administrator
Experience - 3+ years Location - Fort Lauderdale, FL, USA
Core Skills - Communication, Documentation, Insurance Licensing
Educational Qualification - Associate’s degree
About the Role
RD Global is a software consultancy with 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 latest technology trends. You may learn more about us at https://www.rdglobalinc.com/
The Insurance Licensing Administrator will be responsible for being subject matter expert in the area of agent licensing, appointments & compliance and managing the licensing process for insurance agents & agencies. Assess compliance of guidelines, procedures, filings, forms, and programs. The ideal candidate will be familiar working with IT teams, have knowledge of insurance compliance, strong communication skills, and experienced 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 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 remains 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 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