Regulatory Filing Compliance Analyst

Essential Functions and Responsibilities

• Perform Office work directly related to management and regulatory compliance operations of the department and employers customers.
• Exercise discretion and independent judgment with respect to matters of significance.
• Develop, implement and administer quality management programs to manage compliance risk and ensure regulatory compliance with state and federal insurance laws on a corporate and departmental basis.
• Circulate, monitor, and track compliance/regulatory literature and/or actionable items to appropriate areas as required.
• Provide status report on regulatory compliance to Regulatory AVP & Corp. Secretary at least every other week and monthly status report to Senior Management.
• Research and review State and Federal legislation and regulations in order to provide a summary as well as in-depth analysis of research and evaluate impact on PLM products and administrative procedures.
• Attend Industry Societal Meetings or Seminars in order to stay abreast of regulatory compliance matters. Prepare and provide summary documents and/or provide presentation to management advising of same (i.e. Terrorism, Privacy, Producer Compensation, Asbestos, etc.). Monitor current and/or developing federal/national regulatory actions in order to ensure PLM compliant and/or prepared compliance.
• Act as liaison between company and state insurance departments during discussions and negotiations related to compliance matters and/or rate rule and form filings.
• Develop, assemble, file the required information and negotiate to obtain approval for:
• Independently filed programs
• Deviations from ISO or other bureau filings
• Loss costs
• New states
• Recoupment
• Interface with state regulators.
• Handles all regular rates, rules and form filings with state DOI’s.
• Maintain records of the status of all filing.
• Internal Department Audits:
  • Identify Compliance Requirements on Departmental Basis via:
  • Review of State and Federal Regulations/Requirements
  • Review Market Conduct Exams
  • Research
  • Interview with Departments or External Auditors
  • Maintain contact with Societal Organizations/Third Party Vendors
  • Implement other Resources and Tools
  • Perform Self-Audit/Identify Issues
  • Outline and Develop Corrective Actions
  • Take Corrective Actions
  • Follow-up/Monitor/Report
  • Cook up and work as a team member with the Regulatory Manager and remainder of Departmental Staff.
  • Aid in priority projects that may occur within Department.
  • Communicate with Information Systems and other Departments regarding programming changes necessary for updating systems to comply with filed program changes and state insurance statutes and regulations.
  • Aid AVP/Regulatory Manager/Corporate Secretary in Board and Annual Meetings duties as may be required.
  • Additional responsibilities include organizing and completing special projects as assigned.

  Knowledge and Skills

  • Ability to maintain professional attitude and demeanor at all times.
  • Strong communications skill, both written and verbal.
  • Superior organizational, analytical and problem solving skills.
  • Adept at coordinating the actions of multiple projects simultaneously.
  • Above average/Proficient knowledge of MS Word, Access and Excel.
  • Comfortable learning new software and researching on the internet.
  • Uses multiple resources and research methodologies to accomplish the task.
  • Ability to work both independently and as a team.
  • Comfortable working closely with clients, regulators, consultants and other members of the insurance community.
  • Show tact and diplomacy to interact and negotiate with regulators in person, by phone, and in writing to resolve matters that relate to our products and procedures.

  Physical Requirements

  • Ability to hear.
  • Ability to speak clearly.
  • Ability to sit for extended periods of time.
  • Ability to see.