What are the responsibilities and job description for the Compliance Coordinator position at Central States Health & Life Co. of Omaha?
Job Description
Job Description
Job Summary : Perform policy drafting, filing and compliance functions for the company. Assist with quarterly and annual statement filings for CSO and subsidiaries, as well as for other corporate and regulatory filings, assist with program coordination within the Legal and Compliance Department. We are looking for a self-starter comfortable with fluid job duties.
Essential Responsibilities :
- Assist with corporate governance and Board of Directors presentations and subcommittee agendas.
- Program coordination for enterprise risk functions.
- Maintain knowledge of state and federal legislation. Monitor and analyze articles, newsletters, and proposed changes to state rules and regulations. Inform appropriate Company personnel of the proposal and potential impact on company products. Update forms, charts, and / or company procedures to ensure compliance. Work closely with pertinent Company personnel to ensure coordination of necessary changes.
- Perform a variety of tasks pertaining to drafting new and revisions to form and rate filings for company product lines with State Insurance Departments. Research, draft, and file for approval using the SERFF electronic filing system.
- Develop contacts with representatives at the State Insurance Departments, other insurance carriers, and publication associations on a regular basis for compliance issues. Assist the Legal area with responding comments on proposed revisions.
- Prepare, edit, and approve policy forms and related documents and review and edit forms drafted / filed by Third Party Administrator (TPA), including but not limited to advertising pieces, outlines of coverage, brochures, agent notices, promotional pieces, and other applicable documents on the company website.
- Assist Legal with preparing, making changes, and maintaining contracts and agreements.
- Update and maintain databases for state information, compliance issues, , and department procedures. Coordinate projects, legislative changes, and additional research requests. Work closely with other departments to assist in compliance responsibilities.
- Perform research for states, which includes analyzing state laws and regulations. Notify Marketing of special requirements within the state for the possibility of marketing new products. .
- Assist with preparing and filing Company’s Quarterly / Annual Statements as assigned to meet state filing requirement due dates. Annually review the Annual Statement Checklist for statutory reporting requirements for states. Develop and maintain procedures to organize the filing processes.
- Assist with the coordination of outside vendor for service of process and other corporate matters.
- Prepare annual certification filings for the Legal Department for forms, compensation, and other issues such as annual renewal submissions.
- Monitor and prepare Certificate of Authority renewal and new filings nationwide for applicable companies.
- Assist with reviewing and approving sales / marketing / training pieces; assist with analyzing and coordinating aspects of the market release of new product and / or state regulation changes.
- Participate in trade / regulatory calls as needed.
- Interact with other department members and coworkers to share pertinent information, resolve problems and inquiries, and to allow for efficient data and information flow.
- Attend training as needed.
- Assist with the coordination and performing of audit functions.
- Perform other related duties as assigned.
Required Education and Experience :
Preferred Education and Experience :
Position Type and Expected Hours of Work :
This is a full-time position. CSO’s overall business workdays are Monday through Friday, 7 : 30 a.m. to 5 : 00 p.m. with the incumbent’s actual work hour schedule to be determined by their supervisor. Attendance is required with employee working their scheduled hours of work at the employee’s designated work location, which may be office or remote based, or a combination thereof.
Work Environment :
This job operates in a corporate office environment. Incumbent is expected to reasonably work through necessary stressors of the job and work well with others.
It is CSO’s practice to communicate pertinent information on job duties, company policies and benefit disclosures via its email system. Thus, employees are required to access their company email account as an integral part of their job responsibilities.
Physical Demands :
This role routinely uses standard office equipment such as computers, cell phone, laptops, photocopies, filing cabinets.
The work performed is sedentary with the employee seated, and standing intermittently, to perform most duties. Less than 10% of the time will be spent performing physical activities and the job does not involve stooping, crawling or kneeling except in occasional situations. However, a negligible amount of lifting, pulling and pushing may be required to perform the work and some walking, standing, and manual dexterity may be required in routine activities such as carrying papers, opening file drawers, operating basic office equipment.
Travel :
Occasional travel to conventions or meetings. Not more than 1-3 times a year.
The above job description has been designed to indicate the general nature of work performed; the level of knowledge and skills typically required; and usual working conditions of this position. It is not designed to contain, or be interpreted as a comprehensive listing of all requirements or responsibilities that may be required by employees in this position.
To perform this job successfully, the incumbent must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the minimum knowledge, skill and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
CSO is a smoke and drug free workplace and requires post offer drug testing. Those applicants in need of reasonable accommodations to the application, the hiring process or the position applied, should communicate the request to Human Resources at 402-399-3336, toll-free at 1-800-826-6587, ext. 3336.
Job offers are contingent upon the successful completion of our post-offer drug screen and a background check which includes criminal, education, and past employment. Some positions may also include credit and / or motor vehicle report where those checks are related to the position. Criminal convictions do not necessarily prevent employment. Various factors may be considered including, but not limited to, the type of conviction and its relationship to the job, the nature and seriousness of any offense and the length of time since conviction. Applicants are not obligated to disclose any sealed criminal record.
Equal Opportunity Employer
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