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Ryan Specialty · 1 month ago

Senior Operations, Controls, & Carrier Compliance Specialist

Chicago - Illinois - Wacker

Full-time

Onsite

Senior Level

$97K/yr - $121K/yr

6+ years exp

Ryan Specialty is a company focused on providing comprehensive insurance solutions. The Senior Operations, Controls, & Carrier Compliance Specialist is responsible for evaluating carrier partners’ adherence to industry regulations and company policies, collaborating with internal audit teams, and producing comprehensive reports with recommendations.

Financial ServicesInsuranceRisk Management

Comp. & Benefits

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

Qualification

Insurance Industry AuditCompliance AssessmentData AnalysisCertified Insurance Compliance ProfessionalQuality AssuranceCollaborationProblem SolvingCommunication