Compliance Analyst

Arch Capital Group•Jersey City, NJ

23d•Hybrid

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.
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.
1+ years of experience in insurance compliance, regulatory / state filings.
Bachelor’s Degree required.

Nice To Haves

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.