Regulatory State Filing and Compliance Analyst
About The Position
Now is an ideal time to join our team at Guarantee Trust Life. You will find challenge and reward in a culture of innovation, support, and balance. We’ll give you the tools you need to bring your vision for success to life. Our collaborative environment is designed to support each of our team members, and our innovative resources and growth opportunities mean there’s always something new to learn here. We’re empowering our employees to create better ways of working through more intentional use of communication and collaboration practices, processes, and tools. You’ll do all this in an environment of excellence and the highest ethical standards. We have an exciting opportunity for a Regulatory State Filing and Compliance Analyst, reporting to the Assistant Vice President of Product Approval and Compliance! This position is required to work on-site in our Chicagoland (Glenview, IL) office most days. Everyone receives 3 flexible remote days per month and 6 additional Friday PTO days each year! And, we offer half-day Fridays - every Friday! This position offers a unique and rewarding opportunity for an individual to be part of an integral team tasked with: Assisting new product development initiatives. This includes insurance contract drafting that adheres to the compliance standards set by state insurance laws and regulations; the filing of new products for approval with state agencies regulating insurance; and handling post-state approval implementation processes. Analyzing newly enacted legislation or adopted regulations for impact to the company’s products or operational functions using the RegEd regulatory change management software. The ability to analyze / navigate complex regulatory materials and communicate the impact in a concise summary format to stakeholders is key. These two responsibilities are imperative to allow the company to: 1) retain its competitive advantage in the Life and Health insurance market by obtaining timely state approvals of new products; and 2) ensuring the company’s adherence to state laws governing our products and industry. Additional responsibilities may include: Performing research and analysis on an ad-hoc basis. Reviewing advertising materials for compliance with state laws, as well as utilizing industry best practices in our communication with consumers and agents. Assisting the Enterprise Risk and Compliance Dept with their risk and compliance assessment processes (CRAs and RCSAs). Filing periodic state reports. And all other duties as assigned.
Requirements
- Solid Analytical Skills: Exceptional attention to detail and problem-solving abilities.
- Strong Communication Skills: Proficient in written communication, and displays confident, professional speaking abilities.
- Effective Time Management: Excellent organizational skills with a focus on identifying and prioritizing projects/tasks.
- Compliance Risk Acumen: Understanding compliance obligations and risks while assessing business needs.
- Bachelor’s degree or equivalent legal assistant training.
- Two or more years of insurance and/or regulatory compliance experience; LOMA, AHIP, or other insurance-related educational courses a plus.
- Intermediate skills in Microsoft Office Word and Excel.
- Experience in Wolters Kluwer NILS Insource, RegEd CODE, SERFF, and Adobe InDesign a plus.
Nice To Haves
- LOMA, AHIP, or other insurance-related educational courses
- Experience in Wolters Kluwer NILS Insource, RegEd CODE, SERFF, and Adobe InDesign
Responsibilities
- Assisting new product development initiatives. This includes insurance contract drafting that adheres to the compliance standards set by state insurance laws and regulations; the filing of new products for approval with state agencies regulating insurance; and handling post-state approval implementation processes.
- Analyzing newly enacted legislation or adopted regulations for impact to the company’s products or operational functions using the RegEd regulatory change management software. The ability to analyze / navigate complex regulatory materials and communicate the impact in a concise summary format to stakeholders is key.
- Performing research and analysis on an ad-hoc basis.
- Reviewing advertising materials for compliance with state laws, as well as utilizing industry best practices in our communication with consumers and agents.
- Assisting the Enterprise Risk and Compliance Dept with their risk and compliance assessment processes (CRAs and RCSAs).
- Filing periodic state reports.
- And all other duties as assigned.
Benefits
- Medical
- Health Savings Account (including employer contribution)
- Dental
- Vision
- Basic Life Insurance (full premium paid by employer)
- Voluntary Employee, Spouse and Child Life Insurance
- Short-Term and Long-Term Disability
- Paid Holidays
- Paid time off including vacation, personal days, and sick time
- The amount of time off varies based on tenure and hours worked
- 401(k) and Profit-Sharing retirement plan
- The company matches contributions up to 2% provided the employee contributes a minimum of 3%
- The company may make a discretionary contribution to the Profit-Sharing plan
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
251-500 employees
