Full-Time

Senior Audit & Compliance Analyst

Insurance Operations

Confirmed live in the last 24 hours

SageSure

SageSure

501-1,000 employees

Specialized insurance for high-risk coastal areas

Social Impact
Financial Services

Senior

Chicago, IL, USA

Category
Auditing
Financial Analysis
Accounting
Required Skills
JIRA
Data Analysis
Requirements
  • Bachelor's degree in Business Administration, Operations Management, Finance, Accounting or other a related field
  • Minimum of 4 years of experience working in insurance audit, compliance, or related roles
  • Knowledge of insurance carrier regulatory requirements and industry best practices
  • Excellent organizational and time management skills
  • Strong communication and interpersonal skills
  • Ability to coordinate cross-functional initiatives
  • An extremely strong eye for detail
  • Relevant insurance designations such as CPCU, ARC, ARe, ARM, AINS, etc.
  • Project Management Professional Certification
  • Proficiency with Smartsheet, Jira
Responsibilities
  • Provide project management oversight with managing, tracking and coordinating requests, responses, and outcomes of Managing General Agent (MGA) audits, market conduct exams, and other external audits.
  • Collaborate with internal departments to prepare for audits, ensuring all necessary documentation and information are readily available.
  • Serve as one of the primary points of contact for auditors and examiners, facilitating communication and providing requested data and documentation.
  • Analyze audit findings and collaborate with relevant departments to develop and implement corrective action plans.
  • Track the progress of remediation efforts, ensuring all necessary actions are completed within the stipulated timelines.
  • Report on the status of remediation efforts to senior management and other stakeholders.
  • Ensure the accurate and timely delivery of all data calls and statistical reporting obligations to our carriers.
  • Maintain up-to-date knowledge of regulatory and carrier reporting requirements, adjusting internal processes as needed to remain in compliance.
  • Regularly communicate with internal and external stakeholders, including carriers and senior management, to ensure alignment on compliance and audit-related matters.
  • Prepare and present reports and dashboards on audit outcomes, compliance status, and remediation progress.
  • Support the development of the Carrier Compliance Health Scorecard and regularly report on results to SageSure leadership.
  • Identify and assess compliance risks related to carrier audits and reporting obligations, partnering with internal departments to implementing process improvements to mitigate these risks.
  • Build repository of operating procedures and reference materials for SageSure’s Carrier Audit & Compliance processes.

SageSure offers insurance coverage for homeowners and small businesses in high-risk coastal areas, focusing on regions often neglected by traditional insurers. The company provides tailored insurance products that address the unique challenges of these markets, particularly those affected by natural disasters like hurricanes and floods. SageSure stands out due to its experienced team and commitment to serving underserved markets with competitively priced, high-quality insurance solutions. The goal is to ensure clients have access to reliable protection in challenging environments.

Company Stage

Debt Financing

Total Funding

$800M

Headquarters

Jersey City, New Jersey

Founded

2009

Growth & Insights
Headcount

6 month growth

9%

1 year growth

21%

2 year growth

57%
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Ecopia AI enhances precision in location intelligence for better risk assessment.
  • Introduction of dwelling fire product addresses demand in coastal states, expanding market share.
  • Collaboration with Markel increases capacity, enhancing competitiveness in the insurance market.

What critics are saying

  • Increased competition in coastal insurance could pressure SageSure's market share and pricing.
  • Rising natural disasters may lead to higher claims and reinsurance costs, affecting profitability.
  • Regulatory changes in coastal states could increase operational costs and complexity for SageSure.

What makes SageSure unique

  • SageSure specializes in high-risk coastal property insurance, a niche market with few competitors.
  • The company uses advanced risk modeling and scoring technology for accurate underwriting.
  • SageSure's online quoting and binding platform streamlines the insurance purchasing process.

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Benefits

Fully stocked cafés with free snacks and beverages

Lounges with shuffleboard, billiards and board games

Access to in-office gyms

Organized and ad hoc social events

Medical (HSA, EPO, PPO)

Dental

Vision

401(k) with company match

Profit-sharing bonus program

Life insurance

Short-term and long-term disability

Up to 160 hours of paid time off per year, plus floating holidays

Paid holidays

8 hours of volunteer time off per year

Gym reimbursement

Tuition reimbursement toward education, licensing and certifications

Employee assistance program with access to free and confidential counseling