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Compliance Officer, Life and Fixed Annuity Job

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Compliance Officer, Life and Fixed Annuity
Job# 2743
Location:  TX
Education Requirements:  Prefer Juris Doctorate degree.
Other Requirements: Include:

  • 10+ years regulatory and operations compliance experience in the Individual Life and Annuity insurance markets, demonstrated track record handling consumer complaints and communicating with state departments of insurance, as well as direct experience with the UCAA and SERFF systems. 
  • Prefer LOMA or other insurance home office training designations, and/or NASD designations (including Series 6, 26, and 63) as well as Broker-Dealer experience.
  • Excellent communication skills.
  • Willingness to do “hands-on” work.

Salary Range:  Negotiable
Description:  Our Client, a growing life insurance and annuity company seeks an experienced compliance professional capable of autonomously performing a wide range of home office compliance functions.  Well-qualified candidates would exhibit substantial experience in these key areas within the individual life insurance and fixed annuity market:

  • Company and policy form filing:
    • Ensure company filings and policy form filing submissions are completed in a timely fashion in compliance with state insurance regulations.
    • Knowledge of the interstate compact regulations, SERFF system and UCAA systems are required.
  • Operations Audits:
    • Ensure company operations at our TPA’s are in compliance with state insurance regulations.
    • Create, distribute and file with DOIs (where required).
  • Monitor regulation changes:
    • Monitor and implement any regulatory changes that may affect the Company.
    • Ensure affected operations areas are in compliance with new requirements.
  • Review and approve advertising:
    • Ensure that advertising meets state and federal guidelines.
    • Ability to communicate with independent agents on required changes.
  • Respond to complaints and litigation:
    • This includes department of insurance complaints.
    • Serve as the corporate contact for all matters related to complaints and litigation.
    • Responsible for the creation and oversight of the complaint log.
  • Market Conduct Exam coordinator:
    • Serve as a liaison between state insurance examiners and the company.
    • Respond to all requests and respond to the draft and final reports.
    • Ensure any deficiencies in the operations areas are corrected.
  • Corporate Records maintenance:
    • Creating, filing, and ensuring that all required corporate filings related to normal insurance company operations are completed in a timely fashion.
  • Claims/Rescission coordination:
    • Participate in reviewing life insurance contestable claims, carefully considering all relevant facts and providing expertise in the area of determining material misrepresentation, fraud, intent to deceive, and casual connection requirements by state.

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