Senior Product Compliance Analyst (Hybrid)
Senior Product Compliance Analyst (Hybrid)
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Job Description
We are adding a Senior Product Compliance Analyst
to our team!
Who We Are:
Since 1909 National Guardian Life Insurance Company (NGL) has been one of Americas most successful and highly rated independent life insurance companies. We specialize in a suite of innovative products for lifes journey giving people the financial stability careful guidance and peace of mind to lead a life filled with confidence dignity and grace.
NGLs Core Values integrity dependability collaboration compassion and growth are a foundation of our company and help to build on the interactions we have with our policyholders partners funeral homes and each other. We believe in creating an inclusive welcoming environment for all where diversity is celebrated and everyone is encouraged to live their best most authentic self. We offerEmployee Resource Groups for employees to get involved learn network and offer professional and personal development opportunities.
With over 100 years of experience our passion is to serve people.Learn more.
Work Environment:NGL offers a flexible work environment where employees can work fully remote hybrid or onsite at our Madison Wis. office. We support virtual working arrangements in certain states outside of WI.
A Day in the Life:
This position supports the Employee Benefits Long Term Care and BrightBenefits teams in the areas of partner due diligence operational audits research of state and federal regulations policy form and rate filings and development of new products. The Senior Product Compliance Analyst will work very closely with the product teams to grow the wholesale retail and acquired blocks of business.
Primary Responsibilities:
- Product Development and Policy Form & Rate Filing
- Assist with product development and filing including drafting contracts and related policy forms and communicating filing priorities and approval status. Coordinate rate filings with actuarial staff.
- Coordinate the state form filing and approval process to include preparing the form filing packages in conformance with regulatory requirements and responding to state objections.
- Primary contact for regulators on filing questions or objections.
- Submit policy form and rate filings electronically using SERFF and other state filing platforms.
- Coordinate as needed with third party filing services who are filing Group Markets policy forms for National Guardian Life.
- Provide support and direction to outside Third Party Administrators (TPAs) and Marketing Partners to ensure the correct issuance and administration of policy forms and provide interpretation of policy language.
- Maintain database containing all form filing and approval information.
- Work with Fulfilment Services to build and maintain the NGL Supply Site pages with the available policy form libraries for TPAs.
- Due Diligence Review and Audits
- As requested by the product teams assist in the collection of information on potential business partners to evaluate their financial stability and integrity along with assessing their ability to perform administrative marketing and reinsurance obligations in a timely and accurate manner. Assume primary responsibility for evaluating the legal and compliance information collected.
- Support Compliance audit staff as needed with annual desk audits of selected business partners
- Review Group Markets advertising materials for compliance with NGL and state requirements.
- Regulatory
- Research and communicate requirements of state and federal laws that relate to Employee Benefits Long Term Care and BrightBenefits products.
- Review distribute and explain new state insurance department bulletins applicable to Employee Benefits Long Term Care and BrightBenefits products.
- Contact state regulators for research and filing purposes on an as needed basis.
- Other
- Perform other duties as assigned.
Schedule:
This is full-time salaried position. Primary schedule 8-4:30p; or as needed for department coverage. This is a hybrid position which may require to work in the office as business needs arise.
Essential to Your Success:
- Understanding of insurance products and procedures.
- Understanding of insurance regulatory framework and regulatory requirements that affect the policy drafting and filing process.
- Professional demeanor and ability to interact effectively and tactfully with outside business partners.
- Self motivated and able to work independently as well as in a team setting.
- Strong research skills.
- Ability to organize prioritize monitor manage and complete simultaneous projects timely and accurately.
- Excellent interpersonal skills as well as strong written and verbal communication skills.
- Ability to use Microsoft Word and Excel to create and work with documents forms and tables.
- Must be committed team player.
- Ability to travel.
- Ability to maintain satisfactory attendance according to written Company policy.
Education Requirements:
- 4 Year / Bachelors Degree Bachelors degree in business accounting paralegal studies or related insurance or financial field preferred.
- 2 Year / Associate Degree Associate degree and equivalent experience in insurance compliance would apply.
Years of Experience:
- A minimum of five years of experience in insurance compliance paralegal financial or related insurance fields required or seven years of experience related to the insurance industry with progressive responsibilities in insurance contract analysis and/or audit and insurance regulation review.
What We Offer: At NGL we provide a comprehensive Total Rewards package that includes competitive base pay and benefits designed to offer solutions to help meet your unique life needs.
Benefits:
- 20 days of Paid Time Off growing to 25 days after 5 years
- 11 Paid Holidays (10 company holidays and 1 personal holiday of your choice)
- Health care dental and vision plans
- Up to $1500 (Family) or $1000 (Single) annually towards a Health Savings Account
- Annual bonus based on company performance
- Paid Parental Leave
- 401(k) match up to 9%
- Paid Sabbatical after 8 years
- Paid Volunteer Time
- Education Assistance Program
- Employee Recognition Program
- And much more!
Click hereto learn more about our comprehensive Total Rewards program.
NGL is committed to creating a diverse environment and is an Equal Opportunity Employer. Qualified applicants will be considered for employment without regard to race color creed religion national origin ancestry citizenship status age disability sex or gender (including pregnancy childbirth and related medical conditions) gender identity or gender expression (including transgender status) sexual orientation marital status military service and veteran status physical or mental disability protected medical condition as defined by applicable state or local law genetic information or any other characteristic protected by applicable federal state or local laws.
NGL is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation please contact.
Required Experience:
Senior IC
Employment Type
Full-Time
