Product Compliance Analyst

 

 

The Product Compliance Analyst is a key role to ensure our policy forms are accurate, in compliance, producing effectively and supporting our company’s goal to offer a competitive coverage product. The Product Analyst works closely with Actuarial, Underwriting, Marketing, and Claims to develop forms, product manuals, product comparisons and product communications.

 

·         The Product Compliance Analyst is responsible to create and enhance the company’s product including, but not limited to, forms, manuals, member policy package, implementation of forms, etc., to ensure competitiveness in the marketplace.

·         The Product Compliance Analyst will draft and prepare filings and responses to negotiate approval for form and rule filings with the Department of Insurance (DOI) and Office of Insurance Regulation (OIR) through to completion.

·         They will perform competitive research of primary competitors for opportunities for improvement.

·         The Product Compliance Analyst interprets insurance forms, statutes, rules, regulations, develops conclusions, and makes recommendations.

·         They perform analysis of existing forms and manuals on a regularly schedule basis for effectiveness.

·         Research and analyze external information sources to provide updated, accurate competitive analysis including rates, guidelines, and forms coverage information.

·         Compile, analyze and report on product market trends to assist in determining product strategy.

·         They perform User Acceptance Testing for accuracy of enhancements and modifications of forms installations, identify, document and report discrepancies found.

·         The Product Compliance Analyst works independently and manages projects and assignments and prioritizes workload to ensure deadlines are met.

·         They perform all responsibilities using established department processes, quality control procedures and checklists.

·         The Product Compliance Analyst effectively manages medium-large projects simultaneously to completion, while meeting deadlines.

·         They perform program audits as needed and required.

·         Other duties as assigned.

·         This position is in office Monday-Thursday with Friday an optional work from home day.

 

 

 

• Bachelor’s Degree
• Insurance Designations preferred

 

 

• 4+ years of experience working in the Property Casualty or Commercial Lines
• Strong written and verbal communication skills.
• Experience in interpreting insurance forms, statutes, rules, regulations and performing analysis, developing conclusions, and recommendations.
• Strong organizational, time management, attention to detail and analytical skills are essential.
• Ability to organize and prioritize workload.
• Ability to communicate effectively.

• Self-motivated and results oriented.
• Preferred knowledge in ISO rates/rules/forms.
• Preferred experience in preparing and managing rate/rule form filings and implementation.

We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full-time regular employees which for this role include: • Base Salary Range: $65,000 - $85,000 • Eligible to participate in annual discretionary bonus. • Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship not Offered for this Role