Compliance Analyst - Remote
About The Position
The Compliance Analyst operates under the direction of the Compliance Manager and is responsible for the maintenance and regulatory compliance of assigned Accident & Health (A&H) and some Property & Casualty (P&C) products offered by Crum & Forster A&H Division. The Compliance Department is responsible for the submission of product filings (forms/rates/rules) to the respective state departments of insurance to support profitable business growth, as well as reviewing marketing materials for adherence to the various state unfair trade practices and advertising guidelines. In addition, the Compliance department works with the underwriting areas in ensuring that all policies and/or certificates are properly issued. The Compliance Analyst should be comfortable operating independently and in team-settings, and is responsible for issuing policies, certificates, endorsements, applications, and other applicable product fulfillment to ensure compliance with laws, regulations, company guidelines, and underwriting intent. Additionally, the Compliance Analyst will help maintain and enhance our forms library on Sharepoint as well as assist in automating our products into various systems and platforms.
Requirements
- Bachelor’s degree (or equivalent experience) from an accredited college or university required
- 3 or more years of equivalent work experience in the insurance industry, ideally with direct exposure to one or more of the following A&H product lines: Travel, Ancillary Benefits, Stop Loss, Occupational Risk, Travel Medical, Special Risk, Pet, and/or Life Insurance.
- Demonstrated knowledge of insurance compliance laws and regulations.
- Proficient in Microsoft Office software, including Microsoft Word, Outlook, and Excel
- Excellent organizational, verbal, and written communication as well as interpersonal skills
- Flexible and open to an ever-changing, fast paced environment, based on the value of the business to the Division and direction of Manager
- Ability to work independently, prioritize and organize own work to meet deadlines
- Meticulous with a high degree of accuracy and ability to multitask
- Ability to manage conflict tactfully and effectively
- Strong research, decision-making, and analytical skills
Nice To Haves
- A&H Travel knowledge preferred.
Responsibilities
- Prepare, develop and issue policy contracts, amendments and related forms as needed for complex product structures, in accordance with company policy and state regulations.
- Document and maintain policy issuance process and state availability guidelines for assigned products.
- Assist in policy automation efforts, including user acceptance testing of forms and benefit features.
- Assist in maintaining current forms library and publishing updates for both internal and external use.
- Maintain fulfillment status and regular reporting of fulfillment activity.
- Complete fulfillment requests timely and accurately, within established timeframes
- Respond timely to customer requests and where applicable, leverage technology to streamline the fulfillment process
- Collaborate with Underwriting, Claims, Legal, and Actuarial teams to deliver high-quality insurance products and respond timely to product inquiries
- Analyze with the ability to identify problematic language in marketing/advertisements as identified by guidelines applicable to that product, as assigned.
- Draft and file policy forms reflecting underwriting intent and consistent with regulatory requirements and current market standards for assigned lines of business, with support from Management where required
- Develop issue instructions and translate approved filings into product fulfillment and ensure that the approved product is operationalized
- Establish and maintain strong relationships with internal business units, external partners (such as TPAs and MGUs), and foster teamwork across the organization
- Perform other related duties, including short- or long-term projects, as assigned by the manager.
Benefits
- Competitive compensation package
- Generous 401K employer match
- Employee Stock Purchase plan with employer matching
- Generous Paid Time Off
- Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeing
- Tuition reimbursement
- Industry-related certifications
- Professional training
- Matching donation program
- Volunteer opportunities
- Employee-driven corporate giving program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
