Policy Analyst

OneMain Financial • Evansville, IN

311d

About The Position

The Policy Analyst is responsible for the preparation of new policy filings and the maintenance of existing programs to conform to Insurance Department standards and other insurance/non-insurance products as requested. The role involves reviewing new and proposed legislation for impact on the company and/or business unit, preparing Installation Packages for management review, and interacting with other departments regarding product needs.

Requirements

• High School education, some college preferred.
• 2+ years of experience in the insurance industry.
• Strong problem-solving and analytical skills to understand and interpret regulations defining products, filing requirements, and department objections.
• Effective communication skills to diplomatically and persuasively communicate with insurance departments and other internal departments.
• PC knowledge with Microsoft software.

Nice To Haves

• Knowledge of the Credit and Non-Credit optional products offered by OneMain.
• Experience in compliance or related experience in dealing with specific P&C or Life and Health product lines.

Responsibilities

• Participate in the drafting of language for new insurance products in compliance with state laws and regulations and file new forms and rates for state approval.
• Respond to insurance departments regarding filings, requiring oral and/or written communication to explain filings or ascertain state requirements for approval.
• Draft installation packages and upon approval, release product for installation.
• Interact with marketing, Actuarial, and other internal departments to discuss product needs and provide information on product availability and installation of approved products.
• Review and take appropriate action in response to regulatory changes with guidance.
• Modify and file revisions to existing programs to meet marketing needs while maintaining compliance with state laws and regulations.
• Assist with the development of language for prototype forms to be used in filings.
• Interact with Compliance departments to provide product information for internal and external exams.
• Develop communication links with other insurers and organizations to exchange product and related information.
• Assist with the maintenance of the product forms, parameters database, issuing Master Policies and the supporting Master Policies documents.
• Handle special projects as assigned.

Benefits

• Health and wellbeing options for team members and their dependents.
• Up to 4% matching 401(k).
• Employee Stock Purchase Plan (10% share discount).
• Tuition reimbursement.
• Continuing education.
• Bonus eligible.
• Paid time off.
• Paid volunteer time.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: High school or GED