Property & Casualty Insurance Compliance Analyst II

The Property & Casualty Insurance Compliance Analyst II will monitor changes in federal and state regulations that impact policies and procedures and communicate the changes to appropriate management and staff members with recommendations to meet mandated timelines.

• Product Development –Participating in the product development workgroups to develop or revise insurance products
• Quality control – reviewing transactions to ensure proper processing
• Regulatory review of insurance applications/enrollment forms for compliance with applicable regulations
• Regulatory filings – Responsible for preparing and filing annual filings as well as rule and form filings
• Coordinate or assist with Market Conduct/Market Analysis exams from the Departments of Insurance
• Monitor sales of insurance products to ensure compliance with applicable regulations
• Participate as the Compliance representative on various work groups and committees
• Respond to compliance related questions or requests from other departments (e.g. research, opinions, questions, etc.)
• Review standing operating procedures to ensure they support compliance goals and parameters
• Under the direction of the area leader and the full compliance team, proactively assess the organization’s regulatory compliance risk and develop plans to align the risk with the organization’s risk posture
• Assist with responses to Corporate Complaints
• Review insurance product applications and forms for compliance

Job Requirements:

• Bachelor’s or advanced degree in business or legal related field
• Insurance or Compliance certification preferred (e.g. FMLI, CPCU, CLU, etc.)
• 3-5 years of P&C insurance or compliance experience
• Work during irregular hours may be required
• Strong written and verbal communications skills required
• Ability to effectively collaborate across the organization and explain complex topics
• Interact with respective Departments of Insurance on filings and compliance issues
• Adherence to state insurance laws is the primary focus but review and assistance on other federal regulations (Patriot Act, OFAC, Privacy, etc.)
• Proficiency in using the System for Electronic Rates and Forms Filing (SERFF) and Wolters Kluwers INSource is preferred
• Although all positions include the same requirements some may have more exposure to federal regulations and requirements than others

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