200+ applicants

Company

Prosperity Life · 6 days ago

Compliance Analyst

United States

Full-time

Remote

Entry, Mid Level

$100K/yr - $110K/yr

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Asset ManagementCommercial Insurance

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Responsibilities

Identify, monitor, review and analyze compliance requirements and regulations to assess the impact to Life and Annuity Operations functions noted above

Assist the business with identifying compliant solutions for meeting or exceeding regulatory requirements and business objectives

Ensure Operations has documented, effective policies and procedures in place to comply with all applicable regulatory requirements and work with various teams to identify and mitigate any gaps in policies and procedures

Respond timely to compliance and regulatory inquiries from various business partners and maintain documentation of any compliance guidance provided and/or approvals

Gain and/or maintain a deep understanding of the company and TPA administrative systems and how they are used or can be optimized to ensure processes and/or regulatory reporting meets compliance requirements

Establish a monitoring system to routinely demonstrate compliance with applicable regulatory requirements and/or identified market conduct exposures

Conduct routine compliance reviews and/or testing of processes and procedures, forms, training, etc. for compliance with state regulations and company policies. Identify compliance related defects through testing. Work with business partners to conduct root cause analysis and develop recommendations to resolve any regulatory exposures identified. Maintain documentation of completed compliance reviews, testing results and corrective actions plans

Maintain compliance issues log and schedule and manage meetings with various teams to ensure continuous progress towards compliant resolution of open issues

Review and analyze Operational issues to identify compliance or market conduct exposures and present solutions to assist company management with development of corrective actions plans

Become familiar with the nature of our contracts with TPA’s, understand the information contained in them and ensure policies and procedures adhere to compliance requirements stated in the contracts

Analyze compliance related data, identify anomalies, and collaborate with data owners to develop compliant solutions

Assist with annual compliance risk assessments and other risk reporting as needed

Proactively participate in various projects and meetings to ensure adequate compliance representation and support for the business

Other duties may be assigned as appropriate

Qualification

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Insurance compliance experienceAnnuity products knowledgeRegulatory researchCompliance testingMicrosoft Office proficiencyTime management skills

Required

Ability to read and interpret complex documents

Ability to write routine reports and correspondence

Effective organizational and communication skills, both orally and in writing

Basic math skills

Strong analytical skills

A strong intellectual curiosity and compliance mindset demonstrated through decisions and actions

Strong analytical and reading comprehension skills

Attention to detail and excellent time management skills

Ability to build positive internal customer relationships, identify issues and collaborate with business teams to resolve them

Excellent organizational and oral and written communication skills

Ability to take initiative and to work both independently and as a team player

Ability to manage short- and long-term initiatives and shifting priorities

Working knowledge of Microsoft Office products

Preferred

Bachelor’s degree preferred

Significant insurance operations and/or insurance compliance experience

Strong working knowledge of Life and Annuity products, how they are administered throughout their lifecycle and their associated regulatory requirements