Regulatory Analyst

Unum•Portland, ME

1d•$53,300 - $100,700•Hybrid

About The Position

This position is an individual contributor role accountable for driving and implementing the daily operations that support the Regulatory team’s core accountabilities, including product development, legislative compliance, regulatory and product form filings, regulatory examinations, regulatory inquiries and complaint resolution. This role will exhibit proficiency in reading, analyzing, and interpreting laws, rules, and regulations, as well as other communications such as complaints and market conduct reports, to determine potential impact to the company. In support of implementation of appropriate actions to maintain regulatory compliance, the incumbent will demonstrate day-to-day problem solving, management of competing priorities, awareness of risk, timely issue resolution, and responsiveness to coaching. This position must interact with government authorities, sales and field personnel, and related legal and technical resources within and outside the company.

Requirements

Bachelor’s Degree or three to five years of related business experience plus a minimum of one year of regulatory experience
Proficient understanding of the insurance industry and the associated compliance and regulatory environment
Strong verbal and written communication skills. Communicates professionally in all communication forms
Detail-oriented
Strong problem-solving skills, results orientation, and focus on analytical thinking
Strong organizational skills and proven ability to manage multiple concurrent projects or priorities
Strong interpersonal skills including demonstrated ability for successful partnering and building effective relationships
Strong technical skills (especially Microsoft Office Suite).
Proven research skills. Able to interpret and apply laws, rules and regulations and perform analysis, anticipate barriers, resolve problems, and make appropriate recommendations for solutions.
Comfort with identifying and communicating about regulatory risk
Focus on continuous improvement, with experience in working on process improvements
Self-motivated and able to work independently with minimal supervision

Nice To Haves

Familiarity with SharePoint and comfort with data analytics and reporting preferred
Familiarity with Unum Group and its insuring subsidiaries preferred

Responsibilities

Responds to routine inquiries and requests from state insurance departments, other state and federal regulators, and others both within and outside the Enterprise.
Researches, reviews, and applies laws, regulations, and bulletins.
Suggests appropriate actions in response to regulatory directives, bulletins, and data calls.
Provides subject matter expertise on new product development initiatives and responds to requests for product customizations for specific customers, including providing innovative drafting solutions while maintaining compliance with applicable laws and regulations.
Responsible for drafting contract text and maintaining drafting history.
Handles both routine and non-standard regulatory filings, such as product form and rate filings and single-case filings, regulatory exam submissions, regulatory inquiry submissions and complaint response filings.
Coordinates, investigates, and responds to consumer and insurance department complaints and regulatory market conduct exams.
Supports and delivers results for project initiatives, within established timeframes and quality measures.
Summarizes and communicates issues to appropriate operational business partners.
Develops and maintains positive customer relationships, both internal and external.
Executes on the implementation of operational improvements and service enhancements.
May perform other duties as assigned.

Benefits

Health, Vision, Dental
Short & Long-Term Disability
Generous PTO (including paid time to volunteer!)
Up to 9.5% 401(k) employer contribution
Mental health support
Career advancement opportunities
Student loan repayment options
Tuition reimbursement
Flexible work environments
healthcare benefits (health, vision, dental)
insurance benefits (short & long-term disability)
performance-based incentive plans
paid time off
401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not.