Chief Compliance Officer at Gravie | Powderkeg

Location: Minneapolis, MN

Employment Type: Full Time

Team: Compliance

Hi, we’re Gravie, and we are building the health plan of the future. For the past few decades, the health insurance industry has evolved to serve the needs of employers, insurance companies, brokers, and (sometimes) doctors and hospitals. The needs of the consumer, however, have largely been left out of the equation. We’re changing that. We are rebuilding the entire health insurance stack, with the consumer as the central focus. Our goal is to create a health plan that people can love.

A Little More About Us:

· We know healthcare. Our company was founded and is still led by industry veterans who have started and grown several market-leading companies in the space.

· We are quickly becoming one of the fasting growing health benefits companies in the country, having organically grown revenues by triple digits over the past few years. Also, we were awarded Inc Magazines Best in Business Gold Medal award in 2021.

· We have raised money from top tier investors who share the same long- term vision as we do of building an industry defining company that will endure over the long run. We are well capitalized.

· Our customers like us. Our revenue churn is in the single digits, in an industry where greater than 20% churn is common.

· Our culture is unique. We tend to be non-hierarchical, merit-driven, opinionated but kind people who thrive working in a high-performance, fast- paced environment. People at Gravie care deeply about making a positive impact in the lives of the people we serve. We may not be the right place for everybody, but if you get energized by doing work every day that focuses on putting consumers at the front of the line, we could be a great place for you. It takes unique people and diverse perspectives to deliver our results. We encourage you to be your authentic self – we like you that way.

A Little More About The Job:

We’re looking for a Chief Compliance Officer. You’ll take what we’re doing - creating a health plan people will love - and build a compliance organization that will help get us there.

You will lead all Gravie’s healthcare and general compliance initiatives, including policies and practices related to federal and state healthcare, privacy and stop loss insurance regulations. You’ll report to Gravie’s Chief Administrative Officer & general counsel and work closely with Gravie business leaders to understand compliance requirements as we design new products and services and improve those we already have.

You Will:

· Serve as a subject matter expert on ERISA, Consolidated Appropriations Act and other federal healthcare regulatory mandates and help Gravie navigate these requirements.

· Bring or develop an expertise in regulatory requirements for self- funded health plans, health plan administrators and medical stop loss insurance.

· Collaborate with business leaders and functional areas as Gravie works to develop innovative and member-centric benefit solutions. Advise on compliance requirements and considerations for new ideas and help shape an end product that is compliant and thrills our members. Consult with internal or external counsel as needed to resolve difficult legal compliance issues.

· Oversee tracking of new healthcare and privacy regulatory requirements and work with business partners to plan for changes in processes, controls and tools as necessary.

· Oversee privacy incident response team in triaging and responding to any HIPAA incidents or breaches to ensure thorough and uniform handling of such violations. Serve as the manager of Gravie’s Privacy Officer.

· Manage the work of producer licensing professionals and ensure compliance with all applicable state licensing laws and regulations as well as execution and maintenance of agency/agent appointment contracts with health insurance carriers nationwide.

· Oversee compliance risk management programs including vendor management and records retention. Manage day-to-day operation of the compliance program.

· Maintain an effective compliance communication program for the organization. Oversee the implementation of

training programs that help all employees understand and comply with relevant rules and regulations. Ensure the continued prominence of the culture of compliance in the organization.

· Provide reports and counsel on a regular basis to leadership.

· Serve as manager of compliance team members and support their continual professional growth.

· Demonstrate the Gravie competencies of authenticity, empathy, creativity, curiosity and outcome orientation.

You Bring:

· BA degree or higher from college or university

· An extensive compliance, regulatory and/or legal background related to health insurance and self-insured plans

· Familiarity with HIPAA requirements and compliant practices

· Familiarity with stop loss insurance and/or captive insurance regulations

· Previous experience advising business partners on new product development

· Experience designing and managing compliance oversight programs

· Demonstrated success in leading a team

· Curiosity about the ever-changing healthcare regulatory landscape and an ability to identify potential impacts on Gravie’s business

· Strong listening skills and an ability to explain the “why” behind both regulations and Gravie’s business practices

· Exceptional verbal and written communication skills

Competitive pay is standard. Our unique benefits program is the gravy, i.e., the special sauce that sets our compensation package apart. In addition to standard benefits, Gravie’s package includes alternative medicine coverage, flexible PTO, 16 weeks paid parental leave, paid holidays, cell phone reimbursement, education reimbursement, and 1 week of paid paw-ternity leave just to name a few.

Job Summary
  • Job Title
    Chief Compliance Officer
  • Company
  • Location
    Minneapolis, MN
  • Employment Type
    Full time
Ready to apply?
Ready to apply?