Compliance Analyst - Eatontown, NJ or Remote

Crum & Forster Company Overview

Since 2000, Crum & Forster’s Accident & Health division (A&AH) has offered a diverse portfolio of specialty insurance and reinsurance products nationwide. We place a strong focus on product development and creative distribution methods, along with excellent client service and support.

In addition to our robust domestic portfolio, which spans both special risk and medical solutions, A&AH works on an international basis through various partnerships. Our global capabilities provide our partners with even broader flexibility in underwriting solutions.

The qualities and capabilities of Crum & Forster Accident & Health demonstrate our philosophy of building meaningful, long-term partnerships and our dedication to providing alternative strategies in an ever-changing insurance market.

The Compliance Department is responsible for the submission of product filings (forms/rates/rules) to the respective state departments of insurance to support profitable business growth, as well as reviewing marketing materials for adherence to the various state unfair trade practices and advertising guidelines. In addition, the Compliance department works with the underwriting areas in ensuring that all policies and/or certificates are properly issued.

The Compliance Analyst should be comfortable operating independently and in team-settings, and is responsible for drafting and filing policy forms, including benefit designs, schedules, and general provisions as well as reviewing advertising/marketing materials to ensure compliance with laws, regulations, and company guidelines, an all laws and regulations and are in accordance with our guidelines and ensuring consistency with product parameters and can identify and address problematic language, in line with current regulatory requirements and market standards.

The Compliance Analyst operates under the direction of the Compliance Director and is responsible for the maintenance and regulatory compliance of assigned Accident & Health (A&AH) and some Property & Casualty (P&C) products offered by Crum & Forster A&AH Division.

What you will do:

• Draft policy forms reflecting underwriting intent and consistent with regulatory requirements and current market standards for assigned lines of business , with support from Management where required.
• Collaborate with Underwriting, Claims, Legal, and Actuarial teams to deliver high-quality insurance products.
• File via SERFF, Product Forms, Rates, and Rate/Rules (where required) and communicate with regulators to secure approval in the required jurisdictions.
• Work directly with filing consultants as assigned to secure approval and speed-to-market.
• Maintain and communicate active filing status using available tools.
• Develop issue instructions and translate approved filings into product fulfillment and ensure that the approved product is operationalized.
• Review advertising materials, including websites, to ensure compliance with internal standards and state regulatory guidelines, within established time frames and utilizing tools available.
• Respond to routine compliance-related requests and inquiries from the various business areas in a timely fashion.
• Review and assess regulatory changes, including statutes, regulations, bulletins, and industry trends, to determine filing and regulatory requirements.
• Stay current on developments affecting product design, development, and filing requirements.
• Establish and maintain strong relationships with internal business units, external partners (such as TPAs and MGUs), and foster teamwork across the organization.
• Perform other related duties, including short- or long-term projects, as assigned by the manager.

What YOU will bring to C&F:

• Bachelor’s degree or equivalent experience required.
• 3+ years of equivalent work experience in the insurance industry, ideally with direct exposure to one or more of the following A&AH product lines:
  Travel, Ancillary Benefits, Stop Loss, Occupational Risk, Travel Medical, Special Risk, Pet, and/or Life Insurance.
• A proven track record in drafting, reviewing, and filing insurance policies and forms across multiple product lines.
• Demonstrated…