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Who is Cover Whale?

Cover Whale improves road safety by combining the insurance products we sell with our data-driven driver coaching and safety program. Our safety program is proven to save lives while delivering better insurance for our drivers.

We provide easy insurance options for our drivers at industry-leading insurance loss ratios for the insurance companies that support Cover Whale. The Commercial Auto and Trucking segment of the insurance industry badly needs our help and so do the hard-working drivers who have been struggling with ever-increasing insurance costs year after year. Join us in the mission!

Founded in 2019, Cover Whale recently closed a $15.5M seed funding round (the largest InsurTech seed round raised in North America) and is scaling rapidly. For more information, please visit (link removed)(link removed)>

Cover Whale is ranked as America's Best Startup Employers 2023((link removed))(link removed)>

The Role

Responsibilities:

• Provide training and implement a compliance training program to educate employees on insurance operations, good corporate governance, OFAC, FCPA, conflicts of interest, Federal and State filings, data, and other compliance program tenets
• Develop and review compliance framework, including policies and procedures relating to compliance with specific emphasis on Insurance Operations, Marketing, and general corporate compliance both domestically and internationally(link removed)>
• Ensure the company adheres to relevant federal, state, and local regulations, including licensing, producer appointments, reporting requirements, and surplus lines taxes.
• Work with the Insurance Ops team to ensure insurance operations build out and maintain following state-specific insurance requirements.
• Monitor operational processes through the use of audits, educational opportunities, and corrective action plans.
• Ensure proper procedures and documentation of the investigatory process, findings, summary, recommendations, and action plan/resolution. Log tracking and reporting of calls or reports to Compliance.
• Monitor developments/changes in laws and regulations affecting the company. Communicate and advise management regarding these changes and the need for modification of policies or procedures.

Compensation:

The Expected base pay for the role will be between 140K-170K per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include discretionary bonus and other Cover Whale-sponsored total rewards/benefits.

Please note: This is an on-site role with the requirement to be in the office at least 4 times per week

Requirements

• 5-7 years experience as a compliance professional in the field of Property & Casualty or Specialty Lines insurance
• Experience building a corporate compliance program from scratch including drafting, socializing, implementing, and maintenance of the program.
• Common sense approach to compliance issues balancing compliance with company operational success.
• Ability to work well within a team setting, use a common sense approach to risk management, and ability to influence business leaders and stakeholders

Nice to Have

• Relevant industry certifications, such as the Associate in Insurance Compliance (AIC) or Chartered Property Casualty Underwriter (CPCU)

Benefits

Perks/Benefits:

• Health/Dental/Vision
• Life/Disability
• Flexible Vacation Policy
• 401k Employer Match
• Generous Parental Leave
• On-Site lunch credit
• EAP, Tuition Assistance, Commuter Benefits, and many more.

Cover Whale works to maintain the best possible environment for our employees, where individuals can learn and grow with the company. We strive to provide a collaborative environment where each person feels encouraged to contribute to their processes, decisions, planning, and culture.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.