Sr. Product Compliance Specialist
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Job Location:
West Des Moines, IA - USA
Monthly Salary:
Not Disclosed
Posted on:
20 hours ago
Vacancies:
1 Vacancy
Job Summary
Job Purpose:
TheSeniorProduct Compliance Specialistleadscomplex insurance product compliance initiatives and regulatorystrategyacross role interprets insurance laws and regulations assesses regulatory risk and determinesappropriate filingand product approaches that support enterpriseobjectives. The position exercises significant discretion and independent judgment on matters that impact product design regulatory posture and organizational risk exposure.
Job Responsibilities:
Regulatory Strategy & Advisory (30%)
Interpret state insurance statutes regulations bulletins and guidance and assess impact on products filings systems and operations.
Adviseunderwriting product actuarial IT and leadership teams on regulatory requirements compliance risk and strategic options.
Determinejurisdiction-specific filing strategies and regulatory approaches.
Evaluate regulatory developments and recommend proactive risk mitigation strategies.
Ensure decisions and recommendations align with company policies applicable laws and privacyregulations
Providetechnical coaching and knowledge transfer to Associates and Specialists to strengthen regulatoryexpertise.
Product Compliance Leadership (30%)
Lead compliance review and approval of new and revised surety products forms rates and endorsements.
Assess product designs for regulatory alignment clarity consistency and risk exposure.
Influence product development decisions through regulatoryexpertiseand documented analysis.
Guideresolution of complex compliance issues lacking predefined solutions.
Maintainaccurate auditable documentation supporting compliance determinations and product approvals.
Mentor associates with technical coaching and knowledge transfer to Associates and Specialists to strengthen regulatoryexpertise.
Filings & Regulatory Engagement (25%)
Lead preparation submission and oversight of complex multi-state product and rate filings through SERFF and other required systems.
Review and approve filing exhibits supporting documentation and responses to objections.
Negotiate with state regulatory agencies to resolve objections and secure approvals.
Determineescalation based on regulatory financial operational or reputational impact.
Protect confidential and proprietary information exchanged with regulators and escalate privacy risks as appropriate.
Governance Risk & Continuous Improvement (15%)
Assess compliance and operational risks and support enterprise risk management initiatives.
Support audits regulatory examinations and internal governance activities through documentation and subject matterexpertise.
Develop and refine compliance standards procedures and guidance materials.
Participate in compliance and privacy training and reinforce adherence to regulatory standards across the department.
Collaborate with internal partners to ensure adherence to regulatory standards and enterprise compliance expectations.
Qualifications:
Required:
Bachelors degree.
Minimum of8years of insurance product compliance experience.
Demonstrated multi-state filing experience using SERFF.
Experience interpreting insurance statutes and regulatory guidance.
Preferred:
Experience in surety or commercial lines insurance.
Professional compliance designation (e.g. CCEP or similar).
Required Experience:
Senior IC
Key Skills
- Sales Experience
- Marketing
- Customer Service
- Communication skills
- Military Experience
- Retail Sales
- Product Demos
- Customer Support
- Product Management
- Product Development
- Unity
- Microscopy
