Restricted Insurance Agency Licensing Analyst reviewing and approving insurance agency licences for British Columbia’s regulator. Managing applications, amendments, compliance reviews, and stakeholder guidance on a 24 - month contract.
IB
Restricted Insurance Agency Licensing Analyst
Posted 8 hours ago
About the role
- RIA Licensing Analyst reviewing and approving restricted insurance agency licences for British Columbia’s insurance regulator. Assessing compliance, suitability, amendments, and regulatory transactions.
Responsibilities
- Conduct reviews and analysis of RIA licence applications and licensing transactions, including new applications, cancellations, legal name and trade name changes, amalgamations, acquisitions, and other licensing matters
- Approve RIA licence applications and licensing changes that meet established requirements
- Refer applications involving suitability, compliance, or regulatory concerns to the Manager with recommendations
- Review and process amendments to RIA licences, including changes to insurance classes, business activities, designated representatives, ownership and control, business names, business locations, and other licensing information
- Prepare and issue correspondence regarding outstanding requirements, licensing decisions, and licensing matters
- Provide clarification and education on licensing requirements to applicants, licensees, designated representatives, and stakeholders
- Conduct research and analysis and support reports for the Licensing Committee on policy, compliance, risk management, and regulatory matters
- Participate in developing and enhancing licensing procedures, business processes, systems, policies, and legislation
- Respond to written and verbal inquiries regarding licensing requirements, processes, and regulatory obligations
- Document calls, emails, correspondence, and meetings in the licensing management system
- Maintain current knowledge of legislation, Council Rules, policies, procedures, and RIA licensing developments
- Liaise with regulatory bodies, government agencies, and external organizations
- Monitor and report individual KPIs related to timeliness, quality, accuracy, and service standards
- Support review and approval of licence applications, reapplications, reinstatements, cancellations, and amendments as required
- Contribute to projects, initiatives, consultations, and continuous improvement activities
- Perform other duties assigned by the Manager, Restricted Insurance Agency Licensing
Requirements
- Minimum 3 years' experience in regulatory or financial services, preferably in regulatory licensing and approvals
- Post-secondary degree in a related field such as business administration, or equivalent experience
- Insurance or financial services education and/or experience is preferred
- Computer skills, with proficiency in word processing and spreadsheets
- Experience in client service and conflict resolution
- Knowledge of principles and practices of risk control models, analytical methods and compliance measures to assess eligibility for licences and develop recommendations
- Excellent organizational skills and attention to detail
- A public service orientation
- Ability to work independently as well as part of a team
- Excellent time management skills and ability to meet deadlines
- Ability to organize large volumes of work and deal with several concurrent tasks
- Analytical and problem-solving skills to review and analyze licensing applications and develop relevant recommendations
- Proven judgement and analytical skills to assess compliance/non-compliance with legislation in the review of licence applications
- Interpersonal and collaboration skills to work in a team environment
- Ability to manage work to meet deadlines and manage multiple competing priorities effectively
Benefits
- Comprehensive health and dental plan
- Work-life balance
- Hybrid work environment (work from office/residence in BC)
- Professional development
- Equitable employment opportunities
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