Regulatory & Compliance Analyst
About The Position
Forrest T. Jones & Company, Inc., and its affiliates (“FTJ”), provide insurance and insurance related services to clients, corporations, employers, and individuals. These services include providing benefits through innovative life and health insurance plans, financial services, and customized insurance products for niche markets. Position Summary Responsible for the following regulatory and compliance issues and support: Legislative Review: Assist with monitoring and analysis of new laws and regulations. Areas of regulatory review may include rate and form filing requirements, health insurance mandated benefits, Guaranty Association notices, fraud, claims practices, escheat, same sex and non-discrimination laws, privacy, life and health insurance replacement, Annuity suitability, Anti-money Laundering, Advertising requirements, underwriting restrictions, and periodic reporting. Compliance Procedures and Communication updates: Assist with identifying and incorporating needed updates to the Company’s various Standard Practice Memorandum (SPMs) and Third-Party Administrator Compliance Bulletins. Advertising Review and Compliance: Assist with the review and tracking of all life and health insurance advertising generated internally and by outside marketers.
Requirements
- Superior oral and written communication skills to successfully interact with internal and external contacts at all levels
- Ability to coordinate projects among multiple departments and clients
- Detail oriented, ability to prioritize, self-starter, and capable of working independently
- Ability to function at a high level in a fast-paced environment with changing priorities and willing to work beyond normal business hours when needed
- Bachelor’s Degree preferred
- 5-10 years’ experience with life and supplemental health insurance products
- Solid understanding of group and individual insurance policy form requirements and state insurance department requirements
Nice To Haves
- Previous experience in reviewing life and health insurance product advertising a plus
- Successful completion of insurance industry courses such as Life Office Management Association (LOMA) a plus
Responsibilities
- Assist with the monitoring and analysis of new laws and regulations that impact existing and new life and supplemental health insurance products
- Areas of regulatory review may include rate and form filing requirements, health insurance mandated benefits, Guaranty Association notices, fraud, claims practices, escheat, same sex and non-discrimination laws, privacy, life and health insurance replacement, Annuity suitability, Anti-money Laundering, Advertising requirements, underwriting restrictions, periodic reporting and other topics as assigned.
- Assist with ongoing monitoring and updates to the Company’s various SPMs and Compliance Bulletins.
- Assist with the review and tracking of all life and health insurance advertising generated internally and by outside marketers.
- Assist with the review of privacy matters related to unauthorized disclosures and/or breaches.
- Provides support to facilitate compliance with Anti-Money Laundering processes and procedures.
- Performs miscellaneous research of compliance issues.
- Performs other related duties as required and assigned.
Benefits
- We offer comprehensive benefits to full-time employees including company-paid medical, STD, LTD and life insurance; plus voluntary dental, vision, life/AD&D insurance, 401(k) with company matching, generous paid time off and much more.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
101-250 employees
