Nonprofits Insurance Alliance (NIA) · 23 hours ago
Risk & Compliance Director
Nonprofits Insurance Alliance (NIA) is the nation’s leading property and casualty (P&C) insurer exclusively serving nonprofit organizations. The Risk & Compliance Director is responsible for overseeing risk identification and assessment, developing risk mitigation strategies, regulatory compliance, and managing corporate insurance.
Financial ServicesInsurance
Responsibilities
Analyze, update and monitor compliance with all insurance operations rules and regulations including ISO where appropriate
Analyze, update and monitor compliance of cancellation and non-renewal rules
Assist with form and endorsement creation
Serving as an active member of Product Development Committee (PDC), and translating business decisions into operations, including seeing through to production in the PAS
Report regularly to senior leadership on changes adopted to forms, rules, regulations within the PAS system and report on policies and procedures assuring accuracy of these changes
Report data to outside vendors such as ISO, MCCA, etc
Ensure compliance with standard operating procedures, status reports, management agreements, and compliance with audit requirements with outside insurers that front business for NIA and/or provide group programs to NIA members
Create a master document that memorializes and keep current all procedures in the Risk department to institutionalize that knowledge
Oversee enterprise-wide risk management initiatives, projects and procedures, including risk identification and assessments
Assure enterprise-wide development and compliance with risk mitigation strategies
Manage corporate insurance for the organizations
Supervise members of the Risk/Compliance team
Any other projects assigned by the Chief Risk Officer or CEO
Qualification
Required
Experience with one or more ISO adopt insurance companies, including direct experience evaluating and recommending to management appropriate form and adoptions and overseeing rate adoptions in collaboration with actuary
Duties of this position require an advanced level of knowledge in Reinsurance, Commercial Insurance, business practices, rating agency compliance management, and coverage form analysis
Experience with at least one software system for composing quotes and policy forms
Extremely strong organizational and documentation skills, with an emphasis on establishing and maintaining efficient systems
Excellent interpersonal and presentation skills
Excellent written and verbal communication skills, and sharp attention to detail
Ability to collaborate effectively and efficiently with other staff members and external constituents
Ability to climb, stoop, bend, reach or sit for up to 3 hours at a time while performing the duties of this role
The employee must occasionally lift/and or move up to 20lbs
6 to 8 years of related reinsurance/insurance industry experience
Bachelor's Degree in Accounting, Finance, Business or Insurance Risk Management or equivalent years of experience
Preferred
Experience designing and implementing computer auditing of risk processes a plus but not required
Advance degrees/certifications a plus
Company
Nonprofits Insurance Alliance (NIA)
Nonprofits Insurance Alliance (NIA) is the nation’s leading property and liability insurer exclusively serving nonprofit organizations.
Funding
Current Stage
Growth StageLeadership Team
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