Regulatory and Compliance Consultant

Premera Blue Cross•Mountlake Terrace, WA

1d•$101,900 - $173,200•Hybrid

About The Position

The Senior Regulatory Compliance Consultant actively supports Premera Blue Cross' Regulatory Compliance & Ethics program through focused advocacy, detailed regulatory analysis and strategic consultation. In this dynamic role, the Senior Regulatory Compliance Consultant is an advocate on behalf of Premera with external stakeholders to support our corporate goals, as well as partners with Legislative Affairs and Legal to guide internal Premera teams on the implementation of new and changing laws and regulations.

Requirements

Bachelor's degree or four (4) years' work experience.
Six (6) years’ experience working in the regulatory, compliance, legal, public policy, or internal audit space or post graduate education in a related field and experience.
Willingness and ability to obtain Certified Compliance & Ethics Professional designation within one year of hire.
Effective interpersonal, written and presentation skills with ability to research and communicate complex, technical information in an accurate and easily understandable manner to all levels of employees, including leadership.
Ability to adapt communication style in order to improve effectiveness when needed while successfully negotiating difficult or complex situations.
Knowledge of Washington, Alaska and federal health plan laws and regulations, including the Affordable Care Act.
Proven ability to effectively collaborate with stakeholders both internally and externally to independently represent Premera’s interests and/or demonstrated experience monitoring regulatory environments focusing on compliance requirements.
Exceptional ability to analyze and evaluate complex legal and regulatory requirements while also being able to act as a consultant to the business.
Demonstrated expert analytical skills; proven ability to identify and question information that goes outside the norm and to identify the root cause behind findings to assist management in the development of effective corrective action plan.
Demonstrated ability to efficiently and effectively handle and prioritize multiple complex assignments often involving multiple functional areas and vendors while ensuring high quality outcome in all work products.
Strong motivation to learn, willingness to be a team player, yet operate independently as required.
Proven ability to review the work of others and give constructive and effective feedback.

Nice To Haves

Certified Compliance and Ethics Professional (CCEP)
Juris Doctorate (JD)
Prior healthcare or insurance background
Advanced degree in a related field
Prior experience advocating directly with regulatory agencies at the state/federal level

Responsibilities

Assess, analyze, and track regulatory agency activities and work with the business to develop the Company’s advocacy position in response.
Advise the business on the implications, serving as the subject matter expert regarding defined regulatory and compliance matters.
Formulate and carry out strategies to advocate for Premera’s interests and in furtherance of Premera’s long term goals with regulators, government entities, private entities, and interest groups.
Assist the business and third parties with the implementation of new and changing laws and regulations.
Manage inquiries and exams from state and federal regulators.
Develop and mature relationships with regulators to serve as the “face” of Premera.
Act as an internal consultant to identify key regulatory and compliance issues and recommend informed, actionable and realistic solutions based on regulatory/policy/compliance research.
Prepare written reports to document findings and work with the Compliance team to issue Corrective Action Plans.
Effectively interact with all levels of management, altering communication style where needed to ensure comprehension; possess extensive understanding of cross-organizational operations to provide thorough, accurate and timely analysis of regulatory and compliance questions in an easy-to-understand format.
Take a lead role on the company's Advocacy Committee and, in that capacity, distribute and collect comments, and draft consolidated responses to regulatory agencies concerning proposed regulations.
Serve as the regulatory and/or compliance expert and strategic thinking partner on cross-departmental workgroups; build relationships across the company to ensure visibility of regulatory and compliance impacts and issues and increase trust in RCE as a partner for proactive problem-solving.
Develop ongoing education, tools and resources for all levels of management and employees to allow for self-service research where requirements are straight-forward.
Create tools and other educational documents to help explain complex topics.
Advise and collaborate with employees at all levels to promote a culture of ethical behavior and compliance.
Evaluate and provide recommendations to leaders across the company for process improvements based on observations of trends, issues and obstacles.
Continuously improve Regulatory Compliance & Ethics processes by using LEAN methodologies to streamline work and eliminate low value activities.
Proactively anticipate the impact of the changing business environment and adjust processes as necessary.
Perform other duties as assigned.

Benefits

Medical, vision, and dental coverage with low employee premiums.
Voluntary benefit offerings, including pet insurance for paw parents.
Life and disability insurance.
Retirement programs, including a 401K employer match and a pension plan that is vested after 3 years of service.
Wellness incentives with a wide range of mental well-being resources for you and your dependents, including counseling services, stress management programs, and mindfulness programs.
Generous paid time off to reenergize.
Tuition assistance for both undergraduate and graduate degrees.
Employee recognition program to celebrate anniversaries, team accomplishments, and more.
Commuter perks make your trip to work less impactful on the environment and your wallet.
Free convenient on-site parking.
Subsidized on-campus cafes make lunchtime connections with colleagues fun and affordable.
Participate in engaging on-site activities such as health and wellness events, coffee connects, disaster preparedness fairs and more.
Our complementary fitness & well-being center offers both in-person and virtual workouts and nutritional counseling.
Challenge someone to a game of shuffleboard or ping pong while on campus.