Senior Compliance Analyst

SILAC Insurance Company•Indianapolis, IN

About The Position

SILAC Insurance Company is seeking an experienced Senior Compliance Analyst for its Legal and Compliance Department. The position is primarily responsible for ensuring that the company’s insurance products and marketing materials comply with applicable state laws and regulations. The analyst leads compliance collaboration with Product Development and other departments on designing, preparing, and submitting product forms to states for approval, ensuring approved forms are implemented correctly, and reviewing advertising materials in support of the company’s marketing efforts.

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 meet the position’s responsibilities.
In-depth knowledge of state and federal life and annuity insurance regulations and compliance requirements.
Knowledge of 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 in multiple computer applications, including Microsoft Office and Adobe Acrobat.

Responsibilities

Draft, prepare, and submit contract and related forms to state regulatory authorities for approval before use.
Track filings through state review 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.
Coordinate with other 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.