Job Description

Job Description

About Us

Dealer Owned Warranty Company LLC is a leading provider of F&I (Finance and Insurance) partnership services in the automotive industry, offering a full suite of obligor and administrator services, top-of-the-line products, technology, and training. We understand the importance of leveraging process and technology in the F&I industry to drive revenue and ensure success. Our goal is to provide visibility, transparency, and the tools needed for our partners to build their wealth and achieve their goals. DOWC prides itself on taking care of its employees (We were voted one of the “Best Places to Work” three years in a row!), and we also offer award-winning products. All of our positions are fully on-site in Parsippany, NJ.

Job Summary:

We are seeking a highly competent and detail-oriented compliance specialist to join our team in the automotive F&I industry. The Compliance Specialist II supports the development and implementation of compliance programs, policies, reporting, and practices for the organization and related companies. The ideal candidate will possess exceptional attention to detail and written communication skills. F&I or automotive compliance experience highly preferred.

Duties/Responsibilities:

• Identify business functions and practices that require regulatory activities and assist the compliance management team in developing a compliance strategy.
• Maintain a proactive approach to challenges and resolve issues efficiently.
• Continually monitor and improve internal compliance and regulatory functions and complete legal/compliance research to ensure that the organizations are compliant with applicable state and federal law.
• Identify and document changes in laws and governmental policies and assist in evaluating, developing, and implementing a compliance plan, as necessary.
• Draft/update contracts and submit them for review with various states and lenders for approval as required
• Provide subject matter expertise to DOWC's clients, departments throughout the company, lender and regulatory partners
• Actively involved in keeping up-to-date with respect to legislative changes, including completing legal/compliance research, and how same may impact company’s line of business in the automotive Finance & Insurance industry, with an eye toward identifying business process gaps, weaknesses, and/or deficiencies needing correction.
• Assist in performing research regarding expansion of business into various other countries/territories.
• Maintain and protect confidentiality with regards to all aspects of client and company
• information.
• Ability to multi-task, prioritize, and manage time effectively in a teamwork environment.
• Performs general administrative tasks as needed.
• Performs other duties will be at the discretion of management.

Required Skills & Experience:

• Minimum of 3+ years of experience as a Compliance Specialist or related role in a corporate environment, preferably in the insurance or financial services industry.
• Bachelor's Degree in business, corporate law, communications, or related field preferred.
• Automotive F&I compliance experience or knowledge highly preferred.
• Exceptional written and verbal communication skills.
• Strong attention to detail and analytical skills.
• Ability to multi-task and remain professional at all times in a dynamic environment.
• Excellent time management skills a with a proven ability to meet deadlines.
• Strong ability to work both independently and collaboratively.

Come join our growing team here in Parsippany! As NJ's Best Places to Work Honoree for three years in a row, we offer:

• Competitive compensation
• Medical, Dental, Vision, 401k matching, ancillary benefits
• PTO and Sick Time
• Corporate events, team and culture building activities, employee awards and recognition, company trips and more!

DOWC is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected Veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law. Applicants who require accommodation to participate in the job application process may contact us for assistance

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