Insurance Compliance Analyst

About the Role

We are seeking a detail-oriented and proactive Insurance Compliance Analyst to join our Compliance team in our Lincoln Nebraska office. In this role you will support the organizations adherence to applicable regulatory requirements and internal policies by researching and resolving compliance matters assessing risk and recommending enhancements to strengthen our control environment.

Under the direction of the AVP of Compliance you will independently perform a variety of compliance duties contribute to compliance program improvements and help support internal and external inquiries audits and regulatory exams. Youll also stay current on regulatory developments and assist the department in adapting to industry changes as efficiently and effectively as possible.

This is an excellent opportunity for someone with experience in compliance audit risk management financial services or insurance who enjoys digging into requirements partnering with the business and helping operational teams implement practical sustainable controls.

What Youll Do

• Support and enhance compliance programs by assessing program needs and recommending changes within an assigned discipline.
• Identify evaluate and help mitigate risk by assisting in the creation and implementation of controls.
• Conduct risk assessments process walkthroughs and control identification workshops with business partners.
• Support regulatory exams market conduct exams and internal/external audits by coordinating information requests assembling documentation tracking deliverables and ensuring timely responses.
• Execute testing programs to assess the design and operational effectiveness of internal controls and processes.
• Review business processes and transactions for adherence to internal policies and external regulatory requirements.
• Identify and communicate non-compliance issues and opportunities for improvement escalating as appropriate and partnering on corrective action plans.
• Perform issue follow-up and support escalation when needed to ensure resolution.
• Assist with reporting and materials for senior management committees boards and other governance groups.
• Contribute to projects supporting the design creation implementation and management of compliance programs.
• Assist with product and regulatory filings as needed.
• Build and maintain basic industry knowledge through ongoing learning opportunities.
• Perform other duties as assigned.
  

What Youll Bring

Required Qualifications

• Bachelors degree (or equivalent relevant work experience).
• 24 years of relevant experience in compliance audit risk management financial services or insurance with a basic understanding of controls.
• Proficiency with Microsoft Office 365 tools including Excel Word and PowerPoint.
• Ability to read interpret and apply regulations bulletins and internal policy requirements.
• Strong attention to detail and the ability to maintain accuracy across documentation and deliverables.
• Comfort working in complex environmentsable to organize information prioritize and follow through.
• Strong written and verbal communication skills including the ability to communicate effectively with both technical and non-technical stakeholders.
• High degree of integrity and discretion when handling sensitive or confidential information.
• Ability to work independently with appropriate escalation and to collaborate effectively as part of a team.

Preferred Qualifications

• JD degree (preferred).
• Prior experience supporting regulatory exams (including market conduct exams) audits or compliance testing.
• Experience in an insurance environment

About the Company

In 1947 AFBAemerged from the basement of the Pentagon to solve a critical need in support of the military. More than 75 years later our commitment to those who serve and to solving their unique problems remains core to everything we do. Founded to provide military members with a death benefit no one else would we continue to embrace our mission and deliver benefits tailored to the real-life needs of all who serve today including active duty National Guard and first responders. Providing protection to those who go in harms way we ensure survivor and other benefits are available to all who serve defend and protect our great nation no matter what. 5Star Life Insurance Company was founded in service and carry that mission today by committing to serve those who serve from underwriting benefits for military and first responder families to providing coverage to the employees that keep our communities running. Our commitment to our communities rather than the bottom line- drives our business.

We offer a flexible hybrid work environment allowing you to enjoy the best of both worlds with 3 days in the office and up to 2 days working remotely each week. This position is in Lincoln NE.

Our Benefits

Qualified people of all races ethnicities ages sex genders sexual orientations national origins gender identities marital status religions veterans statuses disabilities and any other protected classes are strongly encouraged to apply. As an equal opportunity workplace we are committed to creating an inclusive environment for all employees. AFBA and 5Star Life Insurance Company endeavors to make reasonable accommodations to the known physical or mental limitations of qualified applicants with a disability unless the accommodation would impose an undue hardship on the operation of our business. If an applicant believes they require such assistance to complete the application or to participate in an interview or has any questions or concerns they should contact Human Resources (). EEO is the Law (Link to external DOL site). AFBA and 5Star Life Insurance Company is an Equal Opportunity Employer and an E-Verify Employer.