Compliance Specialist, Insurance at StonCor Group, Inc. in Cherry Hill, New Jersey

Job Description:

Company Overview

Be a part of Stonhard and be a part of something big. We are a world-leading manufacturer and installer of seamless floors, walls and lining systems and we offer diverse and challenging careers throughout the world. We are also part of RPM Performance Coatings, an organization that generates more than $1.6 billion in annual revenue, employs over 4,600 people and maintains sales operations in more than 65 countries. We are growing and we love what we do. Does this sound like your kind of place?

Job Purpose

The Compliance Specialist - Insurance will play a pivotal role ensuring all subcontractor and project related insurance meets company compliance requirements, regulatory standards, and contractual obligations. The role involves coordinating with customers, subcontractors, insurance brokers, and internal project teams to ensure compliance with insurance policies and procedures. Cultivates positive relationships with internal and external stakeholders to ensure open communication and collaboration.

Principal Accountabilities

The following responsibilities are general duties that a particular employee in this position may or may not be required to perform. The actual duties required of this position may vary. 

     Project Related

• Work closely with the contracts team throughout terms and conditions/contract review process to identify and assess project-specific insurance needs.


• Coordinate with Stonhard’s assigned insurance broker to procure necessary insurance certificates, policies and limits, based on customer requirements and Stonhard policy.


• Review and analyze insurance policies to ensure adequate coverage and compliance with project requirements.


• Respond to customer inquiries related to policies and coverages, providing detailed information and resolving issues in a timely manner.


• Escalate concerns to supervisors or leadership in a timely manner and with comprehensive recommendation(s).

Risk Management

• Identify and assess potential insurance risks associated with projects and subcontractors.


• Develop and recommend risk mitigation strategies to minimize exposure.


• Stay informed of industry trends and regulatory changes.

Compliance

• Ensure compliance with applicable insurance requirements, regulations, and company policies.


• Conduct regular audits and reviews to identify and address any compliance issues.

Documentation

• Lead annual policy renewal period planning and processes.


• Maintain accurate and up-to-date records of all insurance-related documentation.


• Prepare reports and presentations on insurance matters as required.

Subcontractors

• Offer guidance to internal teams on subcontractor insurance certificates, coverage limits, endorsements, and expiration dates.


• Monitor per project compliance requirements related to Stonhard and installation partner Controlled Insurance Programs.


• Ensure on-time Controlled Insurance Program enrollments for Stonhard and subcontractors, including monthly payroll reporting, monitoring, and closeout.


• Develop and recommend document retention requirements as needed. Develop and maintain necessary reporting to remain compliant.

Experience |Education | Certifications 

• ​BA/BS degree is preferred or equivalent combination of education and experience. 


• Ability to handle multiple tasks, prioritize effectively, and manage time efficiently 


• Keeping records, documents, and project files organized a easily accessible. 


• Excellent written and verb communication skills to interact with team members, stakeholders, and clients. 


• Proficiency in project management software, as well as standard office applications like Microsoft Office (Word Excel, PowerPoint). 


• Capacity to identify potential issues early on and proactively seek solutions or escalate problems as needed. 


• Ability to think critically and adapt to changing project conditions. 


• Strong focus on meeting the needs of clients and stakeholders, understanding project requirements, and keeping them updated


• 10+ years of related work experience in compliance, project administration, sales operations, or customer service. Fundamental knowledge of contract law, construction business, and commercial insurance, preferred.


• Project insurance requirements, including Owner Controlled Insurance Programs


• Highly proficient in Microsoft Office Suite


• Excellent verbal, written and interpersonal skills


• Highly organized, analytical, capable of managing multiple workstreams simultaneously, keeping track of deadlines and obligations with strong attention to detail and continuous improvement mindset


• High sense of urgency, customer service oriented, and works well as part of a team Project insurance requirements, including Owner Controlled Insurance Programs, preferred.

Benefits and Compensation

The salary range for applicants in this position generally ranges between $60,000 and $65,000. The range is an estimate based on potential employee qualification operations, needs, and other considerations permitted by law.

In addition to career advancement and growth, continuous training, and mentoring opportunities, Stonhard offers an excellent comprehensive health plan and financial benefits program including but not limited to, paid holidays, paid time off, 401(k) with company match, Company Pension Plan and Stock Purchase Plans.

Qualified applicants will receive consideration for employment without regard to their race, color, religion, national origin, sex, sexual orientation, gender identity, protected veteran status or disability.

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