Compliance Analyst
About The Position
The Compliance Analyst will report directly to Vice President, Compliance. The Compliance Analyst is responsible for providing regulatory and compliance support for the consumer product business units which include Lenders, Travel & Accident & Health. The position requires assisting with the preparation and submission of form and rate filings for our consumer products, and certain additional statutory filings as needed. They will assist the compliance team with researching, analyzing, and evaluating state and federal regulations to determine the impact on Arch’s products, policies, procedures, standards, and administration. They will also have shared responsibility for onboarding and auditing partners & programs.
Requirements
- Excellent inter-personal relationship skills and the ability to work effectively across a large, multi-dimensional organization.
- Intermediate computer skills, and knowledge of and ability to use standard industry programs and websites.
- 1+ years of experience in insurance compliance, regulatory / state filings.
- Bachelor’s Degree required.
Nice To Haves
- Working knowledge of insurance principles procedures and best practices, state insurance regulation and filing requirements are a plus.
- Ability to interpret relevant industry trends and information within the industry and react in alignment with company strategic objectives.
- Knowledge of Travel or Accident & Health or Service Warranty & Lender Placed Insurance products preferred but not required.
Responsibilities
- Assist Compliance with creation of form state variation documents for each product based on the scope of the project.
- Oversee and file with state insurance regulators forms, rates and rules utilizing the SERFF software application.
- Help coordinate process for responding to state objections.
- Oversee needs for extensions, resubmissions, withdrawals with considerations of individual states’ restrictions and deadlines.
- Coordinate and document all activities surrounding the filing, approval, disapproval of all filings with state insurance departments.
- Keep track of filing status and assist compliance with drafting implementation tools for each of the filed products.
- Research, analyze, evaluate, and publish regarding new laws and regulations affecting consumer products and business units’ policies, and procedures.
- Assist Compliance staff to implement these rules with the applicable business units.
- Assist with on-boarding implementation and audits for new programs and partners.
Benefits
- multiple medical plans plus dental, vision and prescription drug coverage
- a competitive 401k with generous matching
- PTO beginning at 20 days per year
- up to 12 paid company holidays per year
- 2 paid days of Volunteer Time Offer
- basic Life and AD&D Insurance as well as Short and Long-Term Disability
- Paid Parental Leave of up to 10 weeks
- Student Loan Assistance and Tuition Reimbursement
- Backup Child and Elder Care
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
