Overview
Senior Regulatory Counsel at IAT Insurance Group. This role reports to location options at Alpharetta, Georgia or Raleigh, North Carolina. IAT works on a hybrid schedule, with in-office presence Monday through Wednesday and remote Thursday and Friday.
Responsibilities
- Serve as in-house counsel responsible for responding to Legal and Regulatory Matters for Property and Casualty Claims.
- Provide legal advice and regulatory opinions to Claims, Underwriting, and other internal business partners.
- Advise Claims and Underwriting of statutory and legal developments and emerging trends impacting insurance industry regulations and Department of Insurance mandates.
- Assist Claims and other business units in handling claims and litigation in compliance with Claims Best Practices to ensure claim handling discipline and superior Quality Review and Audit scores, including timely coverage reviews and coverage correspondence.
- Provide opinions and legal guidance to Property and Casualty Claims regarding coverage disputes, extra-contractual claims, declaratory judgment actions, and claims best practices requirements.
- Manage claims systems and data for accuracy and timely reporting.
- Assist Claims Leadership by identifying litigation trends, providing legal updates and training regarding emerging policies, cases, statutes, and regulations impacting the insurance industry.
Regulatory Compliance
Monitor and ensure Company compliance with federal, state, and local regulations. Stay updated on changes in laws and regulations that may affect the Company, its claims handling, and business practices.Policy Development
Work with other leaders in the Legal Department to develop, implement, and maintain compliance policies and procedures.Training and Education
Develop and deliver training programs to educate employees on compliance-related topics and promote a culture of compliance within the Company.Audits and Assessments
Interface with internal and external stakeholders to respond to Department of Insurance and other regulatory audits and requests for information. Oversee regulatory audits and Department of Insurance on-site meetings. Communicate any regulatory findings and directives to senior management.Department of Insurance Complaints
Collaborate with adjusters, Managers, and Claims Leaders to ensure timely and accurate responses to Department of Insurance Complaints lodged by policyholders.Reporting
Prepare and present compliance reports to senior management. Maintain accurate records of compliance activities and findings.Investigations
When necessary, conduct internal investigations into compliance issues and complaints. Work with colleagues in the Legal Department to resolve issues and implement corrective action.Collaboration
Collaborate with various departments, including Claims, Underwriting, HR, and Operations to ensure a cohesive approach to compliance.Perform other legal and litigation duties as assigned.Qualifications
Must Have :
Juris Doctor from an accredited law school required.At least 5 years of relevant legal experience focused on insurance industry Regulatory Compliance, Claims Best Practices, ISO and Medicare Reporting, and regulatory audits.Strong understanding of regulatory requirements and compliance standards in the insurance industry.Proficiency in compliance software and tools, including tools used for ISO reporting and Medicare reporting.State Bar License in good standing.Insurance and extra-contractual litigation experience.Excellent oral and written communication skills.Excellent customer service and interpersonal skills.Advanced critical thinking and problem-solving skills.Ability to set priorities and multitask in a fast-paced environment.Ability to travel if required.Preferred to Have :
Experience working with an insurance company is a plus.Experience handling coverage disputes involving first-party property and / or third-party liability claims with an exposure of $250,000 or more including both primary and excess losses preferred.Our Culture
IAT is the largest private, family-owned property and casualty insurer in the U.S. IAT Insurance Answers Together defines IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers. We are committed to an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. We continue to build an engaging workplace culture to attract and retain the best talent.
Benefits
26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off7% 401(k) Company Match and additional Profit SharingHybrid work environmentTraining and development opportunitiesHealthcare and Wellness ProgramsOpportunity to earn performance-based bonusesCollege Loan Assistance Support PlanEducational Assistance ProgramMentorship ProgramDress for Your Day PolicyAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
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