Senior Compliance Analyst

SILAC Insurance Company • Indianapolis, IN

4d • Onsite

About The Position

Headquartered in Carmel, Indiana, SILAC Insurance Company provides industry-leading annuity products that help individuals prepare for retirement. Our teams align around a shared vision of competitive products for clients, delivering best-in-class service to agents & business partners, and propelling the success of our employees.
The Senior Compliance Analyst position is an in-office role in our Carmel, Indiana office. While not a hybrid or remote position, flexibility may be available on a limited basis.
The Senior Compliance Analyst is primarily responsible for ensuring that SILAC's insurance products and marketing materials comply with all applicable state laws and regulations. This role serves as the Compliance lead in collaboration with our Product Development team and other Company departments in the design, preparation, and submission of product forms to the respective states for approval; ensures that the approved forms are properly implemented; and supports the Company's marketing efforts with detailed reviews of advertising materials.

Requirements

• Minimum of 5 years of experience in regulatory compliance within the life and annuity insurance industry, or an equivalent combination of education and experience that demonstrates the ability to meet the responsibilities of the position
• In-depth knowledge of state and federal life and annuity insurance regulations and compliance requirements
• Knowledge of and experience with tax and non-tax qualified annuity contracts, including structure and design, terms, riders, endorsements, and insert pages
• Expertise in the use of the NAIC's System of Rate and Form Filling (SERFF)
• Strong analytical, problem-solving, and decision-making skills
• Attention to detail is a necessity
• High level of 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
• Proficient in multiple computer applications, including the Microsoft Office suite 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 the respective company departments for response
• Serve as the primary point of contact with state insurance departments, providing clear, well supported responses to objections
• Engage with other Company departments to ensure forms are properly implemented following approval
• Support post approval audits and ongoing compliance monitoring
• Conduct compliance reviews of advertising materials and assist in the development of enhanced advertising guidelines
• Monitor regulatory changes affecting annuity products and communicate impacts to internal stakeholders
• Provide compliance support to Operations and other business units
• Participate in department initiatives and perform other duties as assigned

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed