In support of Enterprise objectives, deliverables, and priorities, the Product Compliance Analyst supports product development, product enhancement, compliance, and State filings. Key accountabilities for this role include (but are not limited to): drafting forms to meet Business needs and comply with State and Federal requirements, review of incoming regulatory changes, impact assessment on existing Assurant products, prepare and submit filings to the State Insurance Departments for approval, and updating internal systems with all filing documentation. Some additional responsibilities may include: assistance with preparing responses to Market Conduct inquiries, Litigation support, State Surveys/Inquiries, and other special projects.
What will be my duties and responsibilities in this job?
Review incoming regulatory changes from OneSumX and determine impact on Assurant programs/products.
Prepare internal compliance reviews that summarize regulatory changes and outline changes required to filed forms, rates and/or rules. [10%]
Draft policy language that is clear, concise, and in compliance with all State and Federal laws, as well as achieving Company desired results. This includes sending forms, rates and/or rules for internal review and sign-off.
Analyst updates policy language based on input received from Business, Operations, Claims, Underwriting, Actuarial and Legal. Analyst may also be required to gather competitor filings for Business partners.
Submit new product, product enhancements, or compliance filings to the State Insurance Departments.
The Analyst will also prepare responses to objections and inquiries from Insurance Departments regarding product and/or compliance filings. This function requires the Analyst to:
The Analyst may research and gather Company filings and provide responses to: (a) Market Conduct requests; (b) State surveys; (c) Data calls; (d) Litigation requests; (e) Department inquiries; and/or (f) Internal and External audits. [5%]
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. Utilize OneSumX to maintain the statuses for various filing projects by State. [15%]
An entry-level Product Compliance Analyst will work on product enhancements or less complex regulatory reports; they will not work on new product development or complex regulatory reports until they are able to demonstrate appropriate product/program and overall process knowledge. They will work under significant supervision by Manager following verbal and/or written instructions. The Director, Manager, or Senior Product Compliance Analyst will review the Analyst’s work and assist in researching or interpreting regulations, statutes and/or reporting requirements, as appropriate.
What are the requirements needed for this position?
What other skills/experience would be helpful to have?
What are the working conditions and physical requirements of this job?
This position requires incumbents to regularly sit at a desk and operate standard office equipment such as a computer and phone. Employee is occasionally required to stand and walk, lift, carry and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus. Must be able to talk and hear. Required to use hands to finger, handle, or feel objects, tools or controls. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
How much should I expect to travel?
5% Travel may be required to attend an insurance or professional industry meeting or an inter- company meeting.
Pay Range
$53,700.00 - $89,900.00
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.
Expected application deadline is
10/01/2024
If date is blank then this is a pipeline requisition, and we will continue to collect applications on an ongoing basis.
Helping People Thrive in a Connected World
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.
What’s the culture like at Assurant?
Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 13 countries and awarded the Fortune America’s Most Innovative Companies recognition in 2023, we bring together top talent around the world. 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 call our culture 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.