Apply now »

Regulatory Affairs and Exam Specialist

29240

We are Farmers!

We are… more than just your favorite commercials.  At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers. 

 

Farmers is an award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture!  To learn more about our high-performance culture and open opportunities, check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok. 

 

Workplace: Hybrid or Remote depending on candidate location. 

Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.

Job Summary

The Regulatory Affairs Specialist II is responsible for managing and responding to Market Conduct Exams. Market Conduct Examinations can either be comprehensive or targeted and involve a state’s statutory authority to review the business practices and operations of a company doing business in the state. These exams can last several months and even several years. State regulators have the authority to assess fines or penalties for violations of the state’s statutes and regulations and failure to comply with company policy. The Regulatory Affairs Specialist II also responds to criminal or other government investigations of insurance company procedures. In addition, the Regulatory Affairs Specialist II handles various Department of Insurance data calls, premium surveys and market conduct inquiries. This Specialist also handles complex or sensitive Department of Insurance complaints referred from the Regulatory Affairs Specialist I team. The Regulatory Affairs Specialist II secures and analyzes internal underwriting, product, agency, billing, and policy records and tr ansactions, leads internal meetings to consult with others and gathers information, and develops appropriate correspondence to regulators that is responsive to their concerns and maintains the organization’s regulatory reputation and relationships.

Essential Job Functions

  • Leads the coordination of assigned market conduct exams, including evaluation of requests from the regulator, identifying and working with internal stakeholders, engaging Legal review, and engaging in appropriate communication with and maintaining a positive working relationship with the regulator.
  • Performing Market Conduct Exam research as necessary using on-line tools and/or Wolters Kluwer.
  • Evaluates and prepares responses to regulatory requests for information related to criminal or government investigations of insurance producers, works closely with Distribution Compliance and Internal Audit.
  • Handles various Department of Insurance data calls, premium surveys and market conduct inquiries.
  • Handles complex or sensitive Department of Insurance Complaints referred from the Regulatory Affairs Specialist I.
  • Identifies opportunities to improve processes and works with business units to implement recommendations.
  • Performs other tasks and duties as assigned.

Physical Actions

Sits or stands for extended periods of time, up to a full work shift. Occasionally reaches overhead and below the knees, including bending, twisting, pulling, and stooping. Occasionally moves, lifts, carries, and places objects and supplies weighing 0-10 pounds without assistance. Listens to, interprets, and differentiates auditory information (e.g. others speaking) at normal speaking levels with or without correction. Visually verifies and reads information. Visually locates material, resources and other objects. Ability to continuously operate a computer for extended periods of time, up to a full work shift. Physical dexterity sufficient to use hands, arms, and shoulders repetitively to operate keyboard and other office equipment up to a full work shift.

Physical Environment

This position operates in an open office working environment which will include normal and customary distractions, noise, and interruptions.

Education Requirements

Bachelors degree required. Juris Doctor preferred.

Experience Requirements

1 to 3 years experience knowledge and understanding of the primary functions of the insurance business and the impact of market conduct regulations on the business. 3 to 5 years experience in Underwriting, Compliance, Bill, Policy Processing, or Legal preferred.

Benefits

  • Farmers offers a competitive salary commensurate with experience, qualifications and location.
    o CA Only: $84,640 - $134,530
    o CO Only: $79,360 - $116,380 
    o HI/IL/MN/VT Only: $79,360 - $124,300
    o MA Only: $79,360 - $124,300 
  • o MD Only: $79,360 - $124,300
    o NY/DC/NJ Only: $79,360 - $134,530 
             o Albany County: $84,640 - $116,380 
    o WA Only:  $79,360 - $141,250 
  • Bonus Opportunity (based on Company and Individual Performance)
  • 401(k)
  • Medical
  • Dental
  • Vision
  • Health Savings and Flexible Spending Accounts
  • Life Insurance
  • Paid Time Off
  • Paid Parental Leave
  • Tuition Assistance
  • For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer

 

Job Location(s): R_US - United States

 

Anticipated application deadline: At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting. If you are interested in any of our open positions, we encourage you to submit your application promptly.

 

Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law.  Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance.

 

Farmers is an Equal Opportunity Employer and does not discriminate in any employer/employee relations based on race, color, religion, gender, sexual orientation, gender expression, genetic information, national origin, age, disability, marital status, military and veteran's status, or any other basis protected by applicable discrimination laws. 

 

Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.

Apply now »