Sr. Compliance Analyst; opens in window

Position Purpose

The Sr. Compliance Analyst works to ensure NCMIC and Professional Solutions insurance products and operations are in compliance with all applicable laws and regulations. Responsibilities include insurance product filings; working with state regulators; monitoring changes to statutes and regulations; testing insurance systems for compliance; and partnering with multiple internal departments as well as external partners/MGA’s to ensure regulatory compliance is maintained.

Provides compliance support for the development of new insurance products and maintenance of existing products. Conducts regulatory research; builds and submits product filings via web-based portals; responds to product filing objections and addresses other product filing issues based on appropriate research, analysis, and project objectives;
Communicates with internal and external constituents regarding product filings and provides guidance on regulatory compliance matters.

Develops and maintains documentation related to filed products and other regulatory filings;
Uploads information and documents into internal systems and databases

Works with internal constituents (including the information technology and servicing teams) on implementation, testing and maintenance of filed/approved insurance products and provides guidance on related compliance issues

Supports corporate compliance oversight activities including compliance monitoring and overseeing implementation of policies/procedures and regulatory changes;
Files assigned periodic reports with state insurance regulators and assists with the company’s response to inquiries and requests from regulators (e.g., data calls; market conduct examinations; insurance examinations; ad hoc requests)

Monitors, reviews, and analyzes statutes, regulations, and bulletins and determines the impact to company products and operations

Assists with compliance projects and performs other job-related duties as assigned

Education:

• Bachelor's degree or a combination of education and related experience.
• Professional insurance education (e.g., CPCU, RPLU) or willingness to pursue.

Experience:

• 4+ years of regulatory compliance experience in property & casualty insurance (commercial lines experience preferred)
• 6+ years of commercial lines underwriting or claims experience may be considered in lieu of compliance experience
• Supervisory, team lead, and/or training experience a plus
• Experience with insurance product filings via SERFF (System for Electronic Rate and Form Filing) and insurance document drafting a plus

Skills:

• Requires excellent organizational skills and attention to detail
• Requires excellent research skills and analytical thinking
• Requires ability to communicate information (both written and verbally) with diverse audiences, in a logical manner, and with the ability to explain and support a recommendation
• Requires knowledge of applicable laws and regulations, the ability to interpret new laws and regulations, and the ability to thoroughly and tactfully explain various compliance requirements/issues to other departments/partners
• Requires ability to exercise professional judgment and assume responsibility for decisions
• Requires strong interpersonal skills and the ability to maintain confidentiality
• Requires computer skills (including proficiency with Microsoft 365 products, SERFF, insurance systems, and other relevant online research and industry tools)

Mental Demands:

• Must be able to interpret data and complex situations
• Must be able to identify, define, and solve problems
• Must be able to work with minimal supervision and collaborate when needed
• Must be able to focus on projects for extended periods of time
• Must be flexible and be able to work on a variety of subjects and with a variety employees
• Must be able to plan, organize, prioritize, and meet deadlines
• Must have strong attention to detail and be able to maintain a high accuracy rate

Physical Demands:

• Continuous sitting for extended periods of time, some standing, walking, bending, and reaching.
• Frequent use of fingers and hands to manipulate computer and other office equipment.
• Ability to be able to look and concentrate at a computer/monitor for extended periods of time.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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