Regulatory Compliance Counsel Remote - Careers At Patriot Growth Insurance Services
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Regulatory Compliance Counsel (Remote)
Department:
Legal
Location:
Fort Washington, PA
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About Patriot Growth Insurance Services: Founded in 2019, Patriot is a growth-focused national insurance services firm that partners with employee benefits and property and casualty agencies across the United States. Patriot is ranked as the 24th largest broker in the U.S. by Business Insurance and has been named to the 2023 Inc. 5000 list of fastest-growing companies. With more than 2,000 employees operating in 161 locations across 47 states, Patriot's collaborative model delivers resources and strategic support to its agencies. Patriot creates true alignment with its partner agencies, and its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. We are committed to working with like-minded individuals who share our vision of creating an insurance agency focused on operational excellence and a relentless pursuit of growth.
Position Overview: We are seeking an experienced Regulatory Compliance Counsel with strong working knowledge of insurance licensing and regulatory compliance, corporate compliance, and state and federal privacy regulations to join our Agency Growth Team (Corporate team). In this position you will play a pivotal part in fostering growth and unleashing the potential of our people, by supporting the talent development strategies and success of our people that address our business needs and impact the overall company employment experience.
Work Arrangement: This is a full-time remote position. There will be expected travel to team/company meetings and possibly to partner agency locations on an as needed basis.
Professional Responsibilities:
• Monitor and interpret evolving state and federal insurance regulations and licensing requirements (including ACA and Medicare legislative changes). Draft, review, and update SOPs and internal policies to ensure company compliance.
• Manage and respond to inquiries, audits, and investigations on behalf of the company and our partner agencies from state and federal regulatory authorities. Coordinate with external counsel, as necessary, on compliance-related issues and keep senior management advised on all pending and threatened actions.
• Assist with expansion of a corporate compliance program. Provide legal counsel and guidance on corporate compliance matters across all business units, including the individual health unit (ACA and Medicare) ensuring adherence to federal and state regulations.
• Manage periodic risk assessments and internal audits to identify and track potential compliance issues and develop mitigation strategies to reduce the company s exposure. Draft and implement policies and procedures to strengthen the company s compliance framework.
• Collaborate with internal teams (e.g., legal, IT, operations, etc.) and external counsel, as necessary, to ensure implementation of effective compliance programs and controls.
• Serve as liaison with external licensing vendor and assist with monitoring and evaluating ongoing relationship.
• Provide legal support for enterprise data privacy and information governance initiatives.
• Assist in managing and mitigating risks associated with corporate transactions, including mergers, acquisitions, and partnerships with carriers, vendors and other third parties with a focus on compliance due diligence.
• Conduct legal review of cross-functional contracts to support enterprise p