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Compliance Analyst II

Compliance Analyst II job! Our Client is a highly rated and growing Texas based Life Insurance Company! Above all, our Client is a Dallas based provider of a wide range of life insurance, annuity, Medicare supplement, and supplemental health products used to build and preserve the financial security of their policyholders. Our Client manages $multi-billions in assets and has an Excellent rating by AM Best.

Ideal opportunity for an individual looking to grow their career with a growing company. The Compliance Analyst II job salary is $60k to $80k DOE. This Compliance Analyst II job requires working at the Dallas, TX headquarters. This is not a remote job. Apply now for this excellent Compliance Analyst II job by following the instructions at the end of this Job description!

Primary Responsibilities:

Our Client is seeking a talented Compliance Analyst II to assist their SVP of Compliance and Secretary by taking on the day-to-day responsibilities in the following areas. You will ensure proper documentation and escalate issues to your supervisor as necessary:

• Team Collaboration & Coaching:
  • Collaborate daily with junior staff, providing guidance on routine matters. Identify and escalate more complex issues as needed.
• SERFF Filings:
  • Manage start-to-finish SERFF filings (form, rate, informational, and others). Responsibilities include:
  • Researching and understanding regulations and competitor products.
  • Educating key stakeholders.
  • Coordinating responses and addressing objections.
  • Revising forms and gathering supporting documents.
  • Tracking project progress.
• Complaint Management:
  • Handle consumer, regulatory, and other complaints by:
  • Researching applicable laws and regulations.
  • Interpreting contract language and drafting complex responses.
  • Ensuring uniformity in responses to similar issues and maintaining complaint logs.
• Investigations:
  • Support both regulatory and internal investigations.
• Industry Tools Utilization:
  • Use industry tools and resources (e.g., ACLI, NAIC) to:
  • Set up monitoring systems.
  • Track and implement legal and regulatory changes affecting the company.
• Advertising System Management:
  • Review and approve routine advertising pieces, manage regulatory filings, and maintain advertising files. Learn and customize the system to enhance user experience while ensuring compliance.
• Regulatory Exams:
  • Manage the day-to-day operations of regulatory exams.
• Product Administration:
  • Assist in the rollout of new products, update forms, and maintain the product catalog.
• Contract Administration:
  • Research, advise, and draft or revise applicable legal forms. Handle third-party subpoenas, levies, liens, and garnishments, while ensuring proper follow-up.

Assisting Responsibilities:

You will also assist the SVP of Compliance and Secretary with the following tasks:

• Auditing third-party administrators.
• Handling suitability reviews.
• Preparing holding company filings.
• Drafting the compliance report for quarterly business reviews, ensuring consistency.
• Maintaining and improving departmental filing systems.
• Taking on special projects as assigned.

Basic Qualifications:

• 5+ years of legal or compliance experience in the insurance industry.
• Advanced knowledge and passion for the life insurance industry.
• Demonstrable experience with SERFF, NAIC, I-File systems, and other state-based regulatory systems.
• Proven ability to monitor, understand, and apply laws, statutes, and regulations.
• Proficiency in using Westlaw and the internet for legal and regulatory research.
• Proficiency with general software (Microsoft Office, PDF, and communication systems).
• Knowledge of insurance product administration systems and state-based regulatory systems.
• Relevant insurance-related industry designations.

Additional Qualifications:

• Exemplary organizational and recordkeeping skills, with the ability to recommend improvements.
• Strong multitasking skills and ability to handle multiple projects and commitments.
• Excellent communication skills and a collaborative attitude.
• Ability to work independently, take personal initiative, and learn new functional areas.
• Experience performing a range of tasks, from routine administrative duties to more complex projects, with the ability to train junior staff.
• Knowledge of and ability to audit policy files and procedures.

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