Product Compliance Analyst- Remote opportunity

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.