Product Compliance Analyst Jobs

As a Product Compliance Analyst for Assurant, you will be responsible for the product development, compliance, and State filing in support of Enterprise Business objectives and priorities. You will draft forms to meet the Business needs and State requirements, review incoming regulatory changes and assess its impact on existing Assurant products, submit filings to the State Insurance Departments for approval, distribute product approvals internally, and update the internal State Filings System with all filing documentation. Additional responsibilities include assistance with preparing responses to Market Conduct inquiries, 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 have the ability to pivot between multiple projects.

About this role:

You will prepare internal compliance reviews that summarize regulatory changes and outline changes required to 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. This will include sending forms, rates and/or rules for internal review and sign-off. Analysts update policy language based on input from Business, Operations, Claims, Underwriting, Actuarial, and Legal. Analyst may also need to gather competitor filings for Business.

What will be my duties and responsibilities in this job?

As the Product Compliance Analyst, you will submit new product, product enhancement and/or compliance filings to the State Insurance Departments. This function requires the Analyst to perform responsibilities such as:

• Pay filing fees via EFT. For mailed filings, request checks to cover filing fees.
• Prepare checklists (both external and internal), certifications, transmittals, and submission letters; submit filings to the Insurance Departments using SERFF. If electronic filings are not accepted by the Department of Insurance, email or mail filings to the State.
• 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 driven due dates.

The Analyst will also prepare responses to objections and inquiries from Insurance Departments regarding product and/or compliance filings. This function requires you to: (a) review Department Of Insurance objections, analyze cited statutory reference, and revise forms and reports accordingly; (b) coordinate with other internal areas, if required, to respond to Department of Insurance’s questions; (c) in certain cases, and under the supervision of the Manager, explain the Company’s position regarding some aspect of the policy/service contract structure or language, or Company procedures, and negotiate with the State 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 gather filings and provide responses to: (a) Market Conduct requests, (b) State Surveys, (c) Data Calls, (d) Litigation requests, (e) Department inquiries, and (f) Internal and External audits.

What are the requirements needed for this position?

• Execution oriented and a self-motivator.
• Associate degree or minimum of 2 years’ experience in the insurance industry.
• Manage multiple projects while maintaining superior results.
• Proven organizational skills and the ability to multitask.
• Proficiency with the Microsoft Office Suite.
• Excellent oral and written communication skills to effectively perform duties.

What other skills/experience would be helpful to have?

• Experience in submitting filings is highly desired.
• Paralegal or Insurance designation a plus.
• A working knowledge of industry terminology and the ability to research industry regulations. Willingness to take on-the-job classes or external insurance courses to broaden knowledge.
• 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.
• Strong drafting and editing skills, including accuracy and attention to detail.
• Proficiency with SERFF.
• Possess or quickly develop knowledge of Company products assigned. Demonstrate understanding of role in delivering our purpose and living our brand through providing and maintaining compliant Company products.
• Strong data entry skills.
• Ability to overcome ambiguity and make decisions or recommendations with incomplete information.
• Ability to perform detailed work with accuracy.
• Support Assurant goals; think beyond current role and think like a customer.
• Strong interpersonal skills to effectively interact with internal employees, State Regulators and external representatives. Collaborate and form relationships to achieve Business goals and seek perspective from others to create new solutions.
• Ability to balance compliance with Business and Company strategies and directives.
• Proficiency with consumer and home warranty service contract regulation and product development.
• Make sound business decisions by gathering data, and then taking action in a decisive and timely manner.

Any posted pay range considers a wide range of compensation factors, including candidate background, experience, and work location, while also allowing for salary growth within the position.

Helping People Thrive in a Connected World
We work with the world’s top brands to make smart devices simpler. Vehicles last longer. Homes more secure. Problems easier to solve. And we volunteer in communities all over the globe to help the world become a greener, better place. We come from a variety of countries, cultures, and backgrounds. But we’re united by our enduring values of common sense, common decency, uncommon thinking, and uncommon results. So connect with us. Bring us your best work and your brightest ideas. And we’ll bring you a place where you can thrive. Learn more at jobs.assurant.com.

For U.S. benefit information, visit myassurantbenefits.com. For benefit information outside the U.S., please speak with your recruiter.

Our Culture Defined
Our unique culture is a big reason why talented people choose Assurant and why they tend to stay. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant. A passion for service. An ability to innovate in practical ways. And a willingness to take chances. We believe that staying on top doesn’t mean sacrificing our values. We believe clarity of vision and a sense of purpose will carry us forward. And we take charge of our own success. We call it The Assurant Way.

Company Overview
Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.

Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer and does not use or consider race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state, or local law in employment decisions.