Product Compliance Analyst- Remote opportunityApply Location Miami, Florida Additional Locations: United States Remote Requisition Number R-88461
As a Product Compliance Analyst for Assurant, you will be responsible for product development and compliance. You will draft forms to meet the business needs and state requirements, review incoming regulatory changes and determining impact on existing Assurant products, submit filings to the insurance departments for approval, distributing product approvals internally, and updating the State Filings System with the filing documentation. Additional responsibilities include assistance with preparing responses to Market Conduct, Litigation, State Surveys/Inquiries, or other special projects. You will also need exceptional communication skills, both verbal and written. You must adapt to tight deadlines and work on different projects.
Abut this role:
You will prepare internal compliance write-ups that outline regulatory change and explain changes needed to the filed forms, rates and/or rules. Based on Business request, analyst drafts policy language that is clear, concise and which complies with state and federal laws as well as achieving company desired results. Analyst pulls competitor filings for Business. This will includes sending forms, rates and/or rules for internal review and sign-off. Our Analyst’s update the policy language based on input from Business, Operations, Claims, Underwriting, Actuarial and Legal.
As the Product Compliance Analyst, you will submit new product, product enhancement or compliance filings to the insurance departments. This function requires the analyst to:
Prepare checklists (both external and internal), certifications, transmittals, and submission letters; submit filings to the Insurance Departments using SERFF. If electronic filings not accepted by the Department of Insurance, mail filings to the state
Pay filing fees via EFT. For mailed filings, request checks to cover filing fees.
If determination is made that filing is exempt from submission to the Department of Insurance, prepare Filing Assessment Memo (FASM) with backup for filing exemption and provide to manager for review and approval.
Submit annual filings by state due date which are tracked on the compliance calendar.
This includes preparing responses to objections from Insurance Departments regarding product or compliance filing. This function requires you to: (a) review DOI objections, analyze cited statutory reference and revise forms and reports accordingly; (b) coordinate with other internal areas, if required, to respond to departments questions; (c) in certain cases, and under the supervision of the manager, argue company’s position regarding some aspect of the policy structure or language or company procedures and negotiate with the insurance examiner to arrive at the desired result.
The Analyst will complete all State Filing System requirements once an approval is received from the Department of Insurance such as, complete supplemental data, replacement, and marketed product association information, generate distribution memo and publish information to internal users.
The Analyst will pull filings and provide response to: (a) Market Conduct requests; (b) State Surveys; (c) Data Calls; (d) Litigation requests; (e) Department inquiries; and (f) Internal and External audits.
Why You Should Consider This Role
You value the autonomy to use common sense and good judgment to make impactful decisions
You are naturally comfortable exercising discretion
You have a reputation for excellence, integrity, and practice “Uncommon Thinking”
You have superior relationship building skills and can adapt to multiple audiences, including executive leadership
You are comfortable dealing with conflict and providing solutions
You are an innovative thinker who anticipates and solves problems
You want a company who has Innovation, Flexibility, Transparency, Customer Insights and values our people
You are authentic and love advising and connecting with people
What You Will Like
The people – we care
The variety - every day is different
The excitement – we focus on ‘What Matters Most’ to our customers
The opportunity to learn, grow and advance within our Fortune 500 global company
We have #1 and #2 market leadership position in all our areas of focus
Competitive salary, Medical and Dental day one of employment and matching 401k after 30 days
Who you are:
Associates degree or minimum of 5 years’ experience in the insurance industry
Proficiency with Microsoft Office products.
Proven organization skills and the ability to multitask
Manage multiple projects while maintaining superior results
Execution oriented and a self-motivator
Desired Experience, Skills, and Knowledge
Experience in submitting filings is highly desired
Paralegal or Insurance designation a plus
Strong drafting and editing skills including accuracy and attention to detail.
Excellent oral and written communication skills to effectively perform duties.
Time-management skills and the ability to effectively prioritize work activities to accomplish assigned duties by set deadlines to deliver on customer and company expectations.
Ability to balance compliance with business and company strategies and directives. Support Assurant goals; think beyond current role and think like a customer.
Ability to perform detailed work.
Ability to overcome ambiguity and make decisions or recommendations with incomplete information. Make sound business decisions by gathering data, and then taking action in a decisive and timely manner.
Strong interpersonal ability to effectively interact with internal employees, insurance departments and external representatives. Collaborate and form relationships to achieve goals and seek viewpoint from others to create new solutions.
A working knowledge of insurance terminology and the ability to research insurance regulation. Willingness to take on-the-job classes or external insurance courses to broaden knowledge.
Strong knowledge of company products assigned. Demonstrate understanding of role in delivering our purpose and living our brand through providing and maintaining compliant company products.
Proficiency with SERFF.
Proficiency with consumer and home warranty service contract regulation and product development.
Data entry skills.
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Meet Our People
Ignacio D. - Senior Operations Analyst
Whether I'm working with people in Argentina or Chile or Miami, we all feel like we're part of the same company. And within my own group, we share ideas and analyze as a team - and drive for change, for improvements. We'll show each other how we do things and lend advice.
I also enjoy the focus on work-life balance - in the workplace, we're offered exercise classes or stretching classes with a trainer, for example. I've had the flexibility to take classes and training. And, we have the opportunity to give back to the community through events held throughout the year.