Full-Time

Senior Compliance Specialist

Posted on 7/17/2024

SageSure

SageSure

501-1,000 employees

Specialized insurance for high-risk coastal areas

Social Impact
Financial Services

Senior

Remote in USA

Category
Risk & Compliance
Legal & Compliance
Required Skills
Data Analysis
Requirements
  • 5+ years’ prior claims experience
  • 5+ years compliance related work
  • 3+ years of experience in operational risk management, preferably in the insurance or financial services industry.
  • Superior knowledge of property claims, business risk and operational controls
  • Bachelor's degree in finance, business administration, risk management, or a related field; advanced degree or professional certification (FRM, CRM) preferred.
  • Outstanding communication, attention to detail, time management, organizational, multi-tasking, and problem-solving skills.
  • Ability to communicate clearly, present and interact effectively at all levels of the organization
  • Execution oriented and a self-motivator
  • Knowledge of Microsoft Office Suite, Smartsheet, Domo and other business-related software
Responsibilities
  • Support the implementation of a comprehensive risk identification framework to proactively identify operational risks across the claims department.
  • Design and implement effective internal controls to mitigate identified operational risks and Conduct control testing to verify effectiveness and identify areas for continuous improvement.
  • Contribute to the development and implementation of a culture of risk awareness within the organization.
  • Support the Legislative Change Process; specifically, identifying, monitoring, and implementing monitor relevant insurance regulatory and legislative changes.
  • Conduct compliance deep dive claim reviews, share findings to drive continuous improvement within the Operation or Optimization departments.
  • Overseeing the formal Complaint handling process including identifying trends and completing carrier reporting activities.
  • Oversee the Adjuster Licensing program.
  • Support the Carrier Audit Process, including providing data for market inquiries, regulatory data calls and supporting market conduct examination requests.
  • Conduct ad hoc research into laws and regulations as needed, make recommendations, and oversee implementation of changes as necessary.

SageSure offers insurance coverage for homeowners and small businesses in high-risk coastal areas, where traditional insurers often avoid due to the risks of natural disasters. The company provides tailored insurance products that meet the specific needs of its clients, leveraging advanced technology and data analytics for accurate risk assessment and competitive pricing. SageSure stands out from competitors by focusing on underserved markets and employing a team with extensive industry experience. The goal is to ensure that clients in these areas have access to reliable insurance protection.

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

  • SageSure's partnership with Markel expands capacity in the coastal insurance market.
  • The addition of Peter Hearn to the board strengthens leadership and strategic direction.
  • SageSure's $1.2 billion in catastrophe bonds enhances financial resilience.

What critics are saying

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

What makes SageSure unique

  • SageSure specializes in high-risk, underserved coastal property insurance markets.
  • The company uses advanced technology for precise risk assessment and competitive pricing.
  • SageSure partners with over 11,400 producers for wide distribution and expert advice.

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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

INACTIVE