Regulatory Compliance Analyst

The Chapman Group is assisting its client, The New Brunswick Insurance Board (NBIB), in recruiting a Regulatory Compliance Analyst to join their team.

This role presents a meaningful career opportunity filled with challenge, professional development, and purpose, all while making a direct impact on our organization, our Board Members, and on the lives of New Brunswickers.

How will you contribute?

Reporting to the Manager of Regulatory Compliance, this role is primarily responsible for the review, analysis, and compliance of automobile insurance rate filings submitted to the NBIB.This team member is accountable for the proactive management of the rate filing review process and ensures qualitative and thorough information and analysis is prepared for the Board. Delivering oral and written information in a timely and accurate manner is essential to fostering knowledgeable, professional, and respected relationships with the NBIB Team, the Chair, Board Members, and Insurers.

Further contributions may include active involvement on committees and ad-hoc projects. The team member will be expected to fulfill their duties on-site at the NBIB offices.

Responsibilities

· Leads formal reviews of all statistical reporting included within rate filings
· Ensures timely, accurate, and compliant reviews in accordance with internal processes, NBIB filing guidelines and bulletins, applicable legislation, and other regulatory requirements.
· Performs in-depth research and analysis of errors and omissions resulting in rate application adjustments
· Investigates recurring quality errors and identify gaps in existing procedures, suggests solutions for improvement
· Performs review of rate filings and raises irregularities with the Management Team
· Provides reporting on filing quality and data to the Management Team
· Presents analysis of filing reviews to the Board
· Identifies and proactively communicates trends and concerns with processing and quality of filings
· Participates in special projects impacting regulatory compliance

Competencies:

· Analytical thought process, ability to analyze complex data to identify patterns and anomalies, with special attention to detail
· Multi-tasks in an organized and efficient manner while meeting timelines
· Demonstrates critical thinking and sound judgement while exercising confidentiality and discretion
· Develops reports that effectively communicate information through visual and statistical formats
· Manages multiple streams of information in a timely, accurate and detailed manner
· Takes initiative to recognize potential process improvements and make recommendations for optimum results
· Demonstrates a positive and accountable approach with team members and stakeholders, utilizing timely, accurate and professional communications
· Ability to solve problems with flexibility, in collaboration with fellow team members
· Excellent verbal and written communication skills
· Commitment to development of skills through ongoing education and training

Qualifications

· Post-secondary education in a related field
· Technical proficiency with Excel and working knowledge of the Microsoft Suite
· Recent career experience in a role with a focus on regulatory analysis, insurance underwriting, rate review, compliance, or analytical role (asset)
· Written and spoken competence in English
· Written and spoken competence in French (asset)
Compensation The salary range for this role is between $58,400 - $85,600, commensurate with qualifications and experience.

About The Chapman Group

We are happy to support our client with this recruitment.

Other Information

Who we areThe New Brunswick Insurance Board (NBIB), located in Saint John, New Brunswick, was created by legislation in 2004 to ensure that the rates charged by companies conducting automobile insurance business within our province are just and reasonable. Our Team and the Board are firmly committed to this mandate through rigorous review, inquiry processes, and evidence-based decision-making. For more information, visit their website at The New Brunswick Insurance Board (NBIB)