Compliance Analyst II

Premier Payroll Administration•Farmers Branch, TX

2d•$60,000 - $75,000

About The Position

Liberty Bankers Insurance Group is seeking a talented Compliance Analyst II to assist our Senior Vice President of Compliance and Secretary. This role is primarily responsible for the day-to-day operations in several key functional areas, including ensuring proper documentation. The role also involves assisting with other compliance-related tasks and projects.

Requirements

5+ years of legal or compliance experience in the insurance industry
Advanced knowledge and interest in the life insurance industry
Demonstrable experience and knowledge of SERFF, NAIC, and I-File systems, and other state-based regulatory systems
Demonstrable ability to monitor, understand, and apply laws, statutes, and regulations through ability to use Westlaw and internet for legal and regulatory research
Working knowledge of general software such as Microsoft Office, portable document format, and communication systems
Working knowledge of insurance product administration systems
Working knowledge of other state-based regulatory based systems
Insurance-related industry designations

Nice To Haves

Exemplary organizational and recordkeeping skills, including recommending improvements to the same
Ability to handle multiple projects, demands and commitments
Ability to effectively communicate
Collaborative attitude
Ability to work independently and take personal initiative in learning new functional areas
Ability to perform a wide range of skill functions ranging from routine administrative tasks and requests, matters involving a mid-range of complexity, and ability to train junior staff on the same
Knowledge of and ability to audit new policy files and procedures

Responsibilities

Day-to-day collaboration with and coaching of junior staff on routine matters
Start to finish SERFF filings (form, rate, informational, other), including researching regulations, educating stakeholders, coordinating responses, and tracking projects
Handling complaints (consumer, regulatory, other), including researching laws, interpreting contract language, drafting responses, and maintaining complaint logs
Conducting investigations (regulatory and internal)
Utilizing industry tools and resources (e.g., ACLI, NAIC) and setting up monitoring systems for legal and regulatory changes
Managing the advertising system, including review and approval of routine pieces, regulatory filing, and maintaining advertising files
Day-to-day management of regulatory exams
Product administration, including new product rollout, forms creation and updating, and maintaining the product catalog
Contract administration (inforce and claim issues), including research, advice, drafting/revising legal forms, reviewing subpoenas, levies/liens/garnishments, and supervising follow-up
Audits of Third Party Administrators
Suitability
Holding company filings
Drafting of Compliance report for quarterly business reviews
Maintaining and improving upon departmental files and filing system
Assisting with projects as assigned