Full-Time

Senior Audit & Compliance Analyst

Insurance Operations

Posted on 10/14/2024

SageSure

SageSure

501-1,000 employees

Specialized insurance for high-risk coastal areas

No salary listed

Senior

Chicago, IL, USA

Category
Auditing
Financial Analysis
Accounting
Required Skills
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
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.
Desired Qualifications
  • Relevant insurance designations such as CPCU, ARC, ARe, ARM, AINS, etc.
  • Project Management Professional Certification
  • Proficiency with Smartsheet, Jira

SageSure provides insurance coverage specifically for homeowners and small businesses located in high-risk coastal areas. The company offers tailored insurance products that address the unique challenges faced by these markets, particularly in regions prone to natural disasters like hurricanes and floods. SageSure's approach involves employing a team of experienced professionals who have extensive backgrounds in underwriting, product development, and customer service, allowing them to offer expert guidance to clients. Unlike traditional insurers that often avoid high-risk areas, SageSure focuses on filling the gap by providing competitively priced, high-quality insurance solutions. The company's goal is to ensure that clients in underserved markets have access to reliable protection, leveraging advanced technology and data analytics to accurately assess risks and price their products effectively.

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$1.5B

Headquarters

Jersey City, New Jersey

Founded

2009

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of GeoVera expands SageSure's offerings into earthquake insurance markets.
  • Growing demand for specialized insurance aligns with SageSure's focus on catastrophe-exposed markets.
  • Digital transformation trends support SageSure's online quoting and binding platform.

What critics are saying

  • Increased competition in coastal markets may pressure SageSure's pricing and market share.
  • GeoVera acquisition could pose integration challenges, affecting core operations.
  • Reliance on catastrophe bonds exposes SageSure to market volatility and investor sentiment shifts.

What makes SageSure unique

  • SageSure specializes in high-risk coastal areas, often ignored by traditional insurers.
  • The company uses advanced technology for accurate risk assessment and competitive pricing.
  • SageSure offers over 50 insurance products through a vast network of 11,400 producers.

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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

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

-1%

2 year growth

2%
Business Wire
Apr 9th, 2025
SageSure and First-Time Cedent Auros Close Upsized $150 Million Catastrophe Bond at Low-End Pricing

SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and Auros Reciprocal Insurance Exchange (“Auros”), a polic...

Business Wire
Mar 1st, 2025
SageSure and SURE Secure $520 Million Catastrophe Bond, Largest Gateway Re Issuance to Date

SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“S

ROI-NJ
Jan 3rd, 2025
SageSure completes purchase of earthquake insurance specialist GeoVera

SageSure completes purchase of earthquake insurance specialist GeoVera.

Business Wire
Jan 3rd, 2025
SageSure Closes Acquisition of GeoVera Advantage Insurance Services and Establishes Carrier Partnerships with GeoVera Nova Holdings' Insurance Subsidiaries

SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced it has closed the acquisition of Ge

Insurance Journal
Jan 3rd, 2025
SageSure Closes Acquisition of GeoVera Advantage Insurance Services in California

As part of the transaction, SageSure has invested in GeoVera Nova Holdings Inc., which has acquired GeoVera Insurance Holdings Ltd.'s insurance carrier businesses.

INACTIVE