Arch

  • Compliance Analyst

    Job Locations US-PA-Philadelphia | US-NC-Raleigh | US-NJ-Jersey City
    Job ID
    2018-2186
    # of Openings
    1
    Category
    Corporate UW
  • Overview

    The Compliance Analyst will report directly to Assistant Vice President, Compliance. Responsible for providing regulatory and compliance support for the consumer product business units which include Lenders, Travel & Accident & Health. The position requires the preparation and submission of form and rate filings for our consumer products, and certain additional statutory filings as needed.  They will assist the compliance team with researching, analyzing, and evaluating state and federal regulations to determine the impact on Arch’s products, policies, procedures, standards, and administration.

    Responsibilities

    • Assist Product Development and Underwriting with drafting new products based on consumer product units business needs.
    • Coordinate with Actuarial on rate filing requirements.
    • Create form state variation documents for each product based on the scope of the project.
    • Oversee and file with state insurance regulators forms, rates and rules utilizing the SERFF software application.
    • Develop filing strategies and product tools to further the most efficient product implementation.
    • Work closely with other departments (underwriting, actuarial, legal, product development) to monitor and communicate filing methods and procedures to ensure rate and form filings in use are accurate and current.
    • Oversee and coordinate process for responding to state objections. Oversee needs for extensions, resubmissions, withdrawals with considerations of individual states’ restrictions and deadlines.
    • Respond to state objections by drafting endorsements and working closely with Product Development.
    • Coordinate and document all activities surrounding the filing, approval, disapproval of all filings with state insurance departments.
    • Research, analyze, evaluate, and publish regarding new laws and regulations affecting consumer products and business units’ policies, and procedures.
    • Assist Compliance staff in complaint handling process.
    • Assist Compliance staff with any market conduct reviews, inquiries
    • Review advertising for compliance with filing approvals and state/federal regulations

     

     

    Qualifications

    • 2+ years of experience in insurance compliance, regulatory / state filings.
    • Ability to effectively communicate ideas, issues and solutions to diverse audience in writing and orally.
    • Excellent inter-personal relationship skills and the ability to work effectively across a large, multi-dimensional organization.
    • Demonstrates high level of organizational skills and attention to detail.
    • Intermediate computer skills, and knowledge of and ability to use standard industry programs and websites.
    • Working knowledge of insurance principles procedures and best practices, state insurance regulation and filing requirements are a plus.
    • Ability to interpret relevant industry trends and information within the industry and react in alignment with company strategic objectives.
    • Availability for some travel between the home office and the business unit’s office.
    • Background or knowledge of commercial warranty and Lenders insurance coverage lines
    • Coverages include Collateral Protection and other Finance and Insurance products such as loan collateral, debt protection, auto related warranty and service contract risks.
    • Knowledge of Travel or Accident & Health Insurance products also preferred.
    • Bachelor’s Degree preferred.

     

     

     

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