Compliance Analyst L1

Atlantic American Corporation•Atlanta, GA

21d

About The Position

The Compliance Analyst L1 plays a vital role in supporting regulatory compliance efforts across the organization. This position ensures adherence to industry regulations by conducting form, marketing, and rate filings, as well as horizon scanning and performing in-depth research. The Compliance Analyst L1 will assist with annual regulatory filings and other ad hoc compliance tasks, ensuring the organization maintains transparency and accountability in a constantly evolving regulatory landscape. Additionally, the Compliance Analyst L1 is responsible for handling consumer complaints, implementing compliance related documentation, and managing training programs to keep the organization informed of evolving regulatory requirements. This role helps ensure the company meets its compliance obligations while supporting key business initiatives.

Requirements

Bachelor’s degree or 2 - 4 years of equivalent insurance industry experience in regulatory compliance.
Possess strong knowledge of state and federal insurance regulations, particularly in form, marketing and rate filings.
Strong research and analytical ability to interpret regulations and assess the impact on business operations.
A high level of integrity, ethics, and professionalism.
Communication: Must be able to read, write and speak English. Must possess excellent written and oral communication skills to work collaboratively across departments.
Problem-Solving: Ability to identify compliance risks, propose solutions, and support the business in implementing changes.
Time Management: Must be able to manage multiple tasks, meet deadlines, and adapt to changing priorities.
Reasoning Ability: Must have excellent research and analytical skills, with the ability to interpret and communicate complex regulations.
Stakeholder Management: Ability to manage and collaborate with multiple stakeholders, including team members and executives.
Organizational Skills: Must be able to organize materials and information in a logical format to facilitate understanding and access companywide.
Technical Proficiency: Must be proficient in Microsoft Office Suite and compliance management software. Must be able to perform effective internet searches for data and information. Must possess basic computer skills and knowledge that enable the ability to learn and efficiently utilize different electronic systems, such as the company’s imaging system IMAGERIGHT, USSI, EIS and outside filing systems such as FilingRamp, SERFF (NAIC) and I-File (Florida).
Mathematical Skills: Must be able to perform basic mathematical functions.

Nice To Haves

Knowledge of the life and health insurance industry preferred.

Responsibilities

Form, Marketing, and Rate Filings:
Prepare and submit insurance forms, marketing, and rate filings to regulatory authorities.
Ensure timely and accurate submission of filings in compliance with state and federal regulations.
Maintain a thorough understanding of state-specific filing requirements and monitor updates to ensure adherence.
Prepare and submit insurance forms, marketing, and rate filings to regulatory authorities.
Ensure timely and accurate submission of filings in compliance with state and federal regulations.
Maintain a thorough understanding of state-specific filing requirements and monitor updates to ensure adherence.
Horizon Scanning and Regulatory Research:
Monitor regulatory changes and emerging trends that may impact the business.
Conduct in-depth research on regulations, providing impact assessments and recommendations to ensure compliance.
Develop a proactive approach to regulatory change management by staying informed of updates from insurance regulators, legislative bodies, and industry groups.
Complaint Handling:
Investigate and resolve complaints in accordance with regulatory standards and company policies.
Prepare reports on complaint trends, ensuring timely responses and corrective actions.
Communicate findings to relevant stakeholders and escalate issues, as necessary.
Form Implementation:
Collaborate with internal teams to implement new or revised forms, ensuring compliance with applicable regulations.
Compliance Training Management:
Design, implement, and manage compliance training programs for internal staff.
Ensure all employees complete mandatory compliance training on time, maintain accurate training records.
Identify areas where additional compliance training may be needed and work to address those needs.
Ad Hoc Compliance Tasks:
Assist with the preparation and submission of regulatory annual filings.
Support cross-function teams with regulatory questions and guidance on compliance matters.
Perform additional compliance tasks as assigned by the Assistant Vice President, Regulatory Compliance, including responding to regulatory inquiries, conducting internal reviews/audits, and supporting regulatory examinations.
Create and maintain reports and/or charts to be used as resource documentation by all company departments on various product and process subjects, coordinating policy language, regulatory compliance information and company policy and procedures.
Perform various basic office duties such as paying invoices, photocopying, filing, distributing mail, answering phones, and requesting supplies.