Senior Compliance Analyst

SILAC Insurance Company•Carmel, IN

About The Position

SILAC Insurance Company is seeking an experienced Senior Compliance Analyst to join its Legal and Compliance Department. The role is primarily responsible for ensuring that the company’s insurance products and marketing materials comply with applicable state laws and regulations. The analyst serves as the Compliance lead in collaboration with the Product Development team and other company departments to design, prepare, and submit product forms to states for approval. The role also ensures approved forms are properly implemented and supports marketing efforts through detailed reviews of advertising materials.

Requirements

At least 5 years of regulatory compliance experience in the life and annuity insurance industry, or an equivalent combination of education and experience demonstrating the ability to perform the role’s responsibilities.
In-depth knowledge of state and federal life and annuity insurance regulations and compliance requirements.
Knowledge and experience with tax-qualified and non-tax-qualified annuity contracts, including their structure and design, terms, riders, endorsements, and insert pages.
Expertise using the NAIC’s System of Rate and Form Filing (SERFF).
Strong analytical, problem-solving, and decision-making skills.
Attention to detail.
Discretion and ability to maintain confidentiality.
Excellent communication, collaboration, and interpersonal skills.
Ability to work independently with limited oversight and manage multiple priorities in a fast-paced environment.
Proficiency with multiple computer applications, including Microsoft Office and Adobe Acrobat.

Responsibilities

Draft, prepare, and submit contract and related forms to state regulatory authorities for approval prior to use.
Track filings through the state review process and communicate objections and approvals to relevant company departments for response.
Serve as the primary point of contact with state insurance departments and provide clear, well-supported responses to objections.
Work with company departments to ensure forms are properly implemented following approval.
Support post-approval audits and ongoing compliance monitoring.
Review advertising materials for compliance and assist in developing enhanced advertising guidelines.
Monitor regulatory changes affecting annuity products and communicate their impacts to internal stakeholders.
Provide compliance support to Operations and other business units.
Participate in department initiatives and perform other duties as assigned.